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

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target lowered by TD Cowen from $180.00 to $171.00 in a report issued on Friday, Marketbeat Ratings reports. The firm currently has a hold rating on the transportation company’s stock.

Several other research firms also recently weighed in on JBHT. Evercore ISI raised their target price on J.B. Hunt Transport Services from $183.00 to $185.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Raymond James raised their target price on J.B. Hunt Transport Services from $195.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. Loop Capital raised their target price on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the company a “hold” rating in a research report on Thursday, October 17th. Susquehanna upgraded J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 target price on the stock in a research report on Friday, January 3rd. Finally, Citigroup raised their target price on J.B. Hunt Transport Services from $204.00 to $227.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and a consensus price target of $191.67.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT stock opened at $172.45 on Friday. The company has a market capitalization of $17.39 billion, a P/E ratio of 31.35, a P/E/G ratio of 2.94 and a beta of 1.16. The business’s 50 day moving average is $180.08 and its two-hundred day moving average is $174.06. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26. J.B. Hunt Transport Services has a 12-month low of $153.12 and a 12-month high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). The business had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.13 billion. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.47 EPS. Analysts expect that J.B. Hunt Transport Services will post 5.67 EPS for the current fiscal year.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 1,500 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total transaction of $275,250.00. Following the completion of the sale, the executive vice president now owns 12,650 shares of the company’s stock, valued at $2,321,275. This trade represents a 10.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Shelley Simpson sold 6,000 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $183.47, for a total value of $1,100,820.00. Following the sale, the chief executive officer now directly owns 82,264 shares of the company’s stock, valued at approximately $15,092,976.08. This trade represents a 6.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,459 shares of company stock valued at $2,136,277 over the last quarter. 2.10% of the stock is owned by insiders.

Institutional Investors Weigh In On J.B. Hunt Transport Services

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Perpetual Ltd grew its stake in shares of J.B. Hunt Transport Services by 64.3% in the fourth quarter. Perpetual Ltd now owns 4,268 shares of the transportation company’s stock valued at $728,000 after buying an additional 1,670 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of J.B. Hunt Transport Services by 155.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 537 shares of the transportation company’s stock valued at $92,000 after buying an additional 327 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of J.B. Hunt Transport Services in the fourth quarter valued at $368,000. B & T Capital Management DBA Alpha Capital Management grew its stake in shares of J.B. Hunt Transport Services by 2.1% in the fourth quarter. B & T Capital Management DBA Alpha Capital Management now owns 13,591 shares of the transportation company’s stock valued at $2,319,000 after buying an additional 282 shares in the last quarter. Finally, Merit Financial Group LLC acquired a new stake in shares of J.B. Hunt Transport Services in the fourth quarter valued at $253,000. Institutional investors and hedge funds own 74.95% of the company’s stock.

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.