JPMorgan Chase & Co. Issues Pessimistic Forecast for J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Price

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective reduced by JPMorgan Chase & Co. from $205.00 to $200.00 in a report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 15.98% from the company’s current price.

JBHT has been the topic of several other reports. TD Cowen cut their target price on J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating on the stock in a report on Friday. Loop Capital upped their target price on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the company a “hold” rating in a report on Thursday, October 17th. Benchmark restated a “buy” rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a research report on Friday, January 10th. The Goldman Sachs Group decreased their price objective on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Finally, Stifel Nicolaus dropped their target price on shares of J.B. Hunt Transport Services from $167.00 to $161.00 and set a “hold” rating on the stock in a report on Wednesday. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $191.67.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT stock opened at $172.45 on Friday. The firm has a market capitalization of $17.39 billion, a price-to-earnings ratio of 31.35, a PEG ratio of 2.94 and a beta of 1.16. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26. The business’s 50-day moving average price is $180.08 and its 200-day moving average price is $173.95. 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 posted its earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share 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 the consensus estimate 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 company’s revenue was down 4.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.47 earnings per share. Equities research analysts forecast that J.B. Hunt Transport Services will post 5.67 EPS for the current year.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, SVP Kevin Bracy sold 1,614 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $189.87, for a total transaction of $306,450.18. Following the completion of the sale, the senior vice president now directly owns 8,235 shares of the company’s stock, valued at approximately $1,563,579.45. The trade was a 16.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Shelley Simpson sold 6,000 shares of the stock in a transaction that occurred 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,459 shares of company stock worth $2,136,277. Insiders own 2.10% of the company’s stock.

Institutional Trading of J.B. Hunt Transport Services

Several institutional investors have recently made changes to their positions in JBHT. Janus Henderson Group PLC boosted its holdings in J.B. Hunt Transport Services by 0.7% during the third quarter. Janus Henderson Group PLC now owns 3,374,724 shares of the transportation company’s stock worth $581,567,000 after purchasing an additional 22,563 shares during the last quarter. State Street Corp lifted its position in shares of J.B. Hunt Transport Services by 0.6% during the 3rd quarter. State Street Corp now owns 3,289,874 shares of the transportation company’s stock worth $566,944,000 after buying an additional 19,826 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of J.B. Hunt Transport Services by 6.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,685,068 shares of the transportation company’s stock worth $269,611,000 after buying an additional 105,500 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of J.B. Hunt Transport Services by 25.5% in the second quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock valued at $152,589,000 after acquiring an additional 193,684 shares in the last quarter. Finally, Parnassus Investments LLC increased its position in shares of J.B. Hunt Transport Services by 14.1% during the third quarter. Parnassus Investments LLC now owns 753,005 shares of the transportation company’s stock valued at $129,765,000 after acquiring an additional 93,213 shares during the last quarter. Institutional investors own 74.95% of the company’s stock.

About J.B. Hunt Transport Services

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.