J. B. Hunt (NASDAQ:JBHT) had its price objective hoisted by investment analysts at Credit Suisse Group from $129.00 to $136.00 in a research note issued to investors on Tuesday. The brokerage currently has an “outperform” rating on the transportation company’s stock. Credit Suisse Group’s target price would indicate a potential upside of 12.08% from the company’s previous close.
JBHT has been the subject of several other reports. Stephens restated a “buy” rating and set a $135.00 price objective on shares of J. B. Hunt in a research report on Wednesday, January 3rd. Zacks Investment Research downgraded J. B. Hunt from a “hold” rating to a “sell” rating in a research report on Tuesday, December 19th. JPMorgan Chase restated a “neutral” rating and set a $121.00 price objective on shares of J. B. Hunt in a research report on Thursday, January 11th. BidaskClub downgraded J. B. Hunt from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 7th. Finally, Deutsche Bank upgraded J. B. Hunt from a “hold” rating to a “buy” rating and set a $141.00 price objective for the company in a research report on Monday, April 2nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company. J. B. Hunt has an average rating of “Hold” and a consensus price target of $124.50.
JBHT opened at $121.34 on Tuesday. The firm has a market cap of $13,143.10, a PE ratio of 32.44, a P/E/G ratio of 1.79 and a beta of 0.93. J. B. Hunt has a 52-week low of $83.35 and a 52-week high of $126.49. The company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 0.59.
J. B. Hunt (NASDAQ:JBHT) last released its earnings results on Monday, April 16th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.07. J. B. Hunt had a return on equity of 27.42% and a net margin of 9.35%. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the firm posted $0.92 EPS. J. B. Hunt’s quarterly revenue was up 19.6% on a year-over-year basis. equities analysts forecast that J. B. Hunt will post 5.27 earnings per share for the current year.
In other news, Director Earl Wayne Garrison sold 21,344 shares of the stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $125.79, for a total value of $2,684,861.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Johnnie B. Hunt, Jr. sold 2,328 shares of the stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $121.00, for a total value of $281,688.00. Following the completion of the sale, the director now directly owns 70,697 shares of the company’s stock, valued at approximately $8,554,337. The disclosure for this sale can be found here. Corporate insiders own 4.20% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Assetmark Inc. increased its stake in shares of J. B. Hunt by 422.9% in the fourth quarter. Assetmark Inc. now owns 1,574 shares of the transportation company’s stock valued at $181,000 after buying an additional 1,273 shares during the period. Advisory Services Network LLC increased its stake in shares of J. B. Hunt by 2,190.7% in the fourth quarter. Advisory Services Network LLC now owns 2,222 shares of the transportation company’s stock valued at $255,000 after buying an additional 2,125 shares during the period. Driehaus Capital Management LLC acquired a new stake in shares of J. B. Hunt in the fourth quarter valued at about $276,000. Tower Research Capital LLC TRC increased its stake in shares of J. B. Hunt by 312.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,758 shares of the transportation company’s stock valued at $317,000 after buying an additional 2,089 shares during the period. Finally, OLD Mission Capital LLC acquired a new stake in shares of J. B. Hunt in the fourth quarter valued at about $347,000. 72.25% of the stock is owned by institutional investors.
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About J. B. Hunt
J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.
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