TD Cowen Issues Pessimistic Forecast for J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Price

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price reduced by TD Cowen from $160.00 to $140.00 in a research note issued to investors on Wednesday,Briefing.com Automated Import reports. The brokerage presently has a “hold” rating on the transportation company’s stock. TD Cowen’s target price would suggest a potential upside of 3.62% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Truist Financial initiated coverage on J.B. Hunt Transport Services in a research report on Thursday, March 13th. They issued a “hold” rating and a $165.00 price objective on the stock. Bank of America reduced their price objective on shares of J.B. Hunt Transport Services from $189.00 to $170.00 and set a “buy” rating on the stock in a research report on Monday, March 17th. Benchmark decreased their price objective on shares of J.B. Hunt Transport Services from $195.00 to $175.00 and set a “buy” rating for the company in a report on Tuesday, April 1st. Deutsche Bank Aktiengesellschaft started coverage on shares of J.B. Hunt Transport Services in a research note on Friday, March 7th. They set a “hold” rating and a $167.00 target price on the stock. Finally, JPMorgan Chase & Co. decreased their price target on shares of J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $176.00.

J.B. Hunt Transport Services Trading Down 2.0 %

Shares of JBHT opened at $135.11 on Wednesday. The stock has a market capitalization of $13.51 billion, a P/E ratio of 24.30, a PEG ratio of 1.61 and a beta of 1.27. J.B. Hunt Transport Services has a twelve month low of $126.15 and a twelve month high of $200.40. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. The firm has a fifty day simple moving average of $152.97 and a two-hundred day simple moving average of $168.96.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.02. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The company had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.92 billion. On average, research analysts anticipate that J.B. Hunt Transport Services will post 6.37 EPS for the current year.

Insider Activity at J.B. Hunt Transport Services

In other news, EVP Darren P. Field sold 1,200 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $161.67, for a total transaction of $194,004.00. Following the sale, the executive vice president now owns 17,822 shares in the company, valued at $2,881,282.74. This represents a 6.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James K. Thompson sold 4,400 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total transaction of $771,628.00. Following the completion of the transaction, the director now owns 23,559 shares of the company’s stock, valued at approximately $4,131,541.83. The trade was a 15.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Morse Asset Management Inc purchased a new position in J.B. Hunt Transport Services in the 3rd quarter worth about $86,000. MML Investors Services LLC raised its holdings in shares of J.B. Hunt Transport Services by 4.4% during the third quarter. MML Investors Services LLC now owns 4,667 shares of the transportation company’s stock valued at $804,000 after purchasing an additional 195 shares during the last quarter. Barclays PLC lifted its position in J.B. Hunt Transport Services by 37.5% during the third quarter. Barclays PLC now owns 236,177 shares of the transportation company’s stock valued at $40,698,000 after purchasing an additional 64,380 shares during the period. M&T Bank Corp boosted its holdings in J.B. Hunt Transport Services by 7.8% in the third quarter. M&T Bank Corp now owns 3,586 shares of the transportation company’s stock worth $618,000 after purchasing an additional 261 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its position in J.B. Hunt Transport Services by 42.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 6,047 shares of the transportation company’s stock worth $1,103,000 after purchasing an additional 1,789 shares during the period. 74.95% of the stock is owned by institutional investors.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.