Bank of America Raises J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $166.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target increased by analysts at Bank of America from $150.00 to $166.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Bank of America‘s price objective suggests a potential upside of 12.12% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Stifel Nicolaus set a $150.00 target price on shares of J.B. Hunt Transport Services in a research report on Wednesday, April 16th. Raymond James cut their price target on shares of J.B. Hunt Transport Services from $190.00 to $165.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. UBS Group cut their price target on shares of J.B. Hunt Transport Services from $196.00 to $155.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Truist Financial cut their price target on shares of J.B. Hunt Transport Services from $165.00 to $130.00 and set a “hold” rating on the stock in a report on Thursday, April 17th. Finally, Benchmark reaffirmed a “buy” rating and issued a $175.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, April 16th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $162.00.

J.B. Hunt Transport Services Trading Up 0.1%

NASDAQ JBHT opened at $148.05 on Friday. The company’s fifty day simple moving average is $139.52 and its 200-day simple moving average is $162.87. J.B. Hunt Transport Services has a 52 week low of $122.79 and a 52 week high of $200.40. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. The stock has a market cap of $14.69 billion, a P/E ratio of 26.63, a PEG ratio of 1.61 and a beta of 1.33.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Tuesday, April 15th. The transportation company reported $1.17 EPS 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 business had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.92 billion. Equities research analysts predict that J.B. Hunt Transport Services will post 6.37 EPS for the current fiscal year.

Insider Buying and Selling at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, COO Nicholas Hobbs bought 1,529 shares of the stock in a transaction on Wednesday, April 23rd. The stock was purchased at an average price of $130.75 per share, for a total transaction of $199,916.75. Following the completion of the purchase, the chief operating officer now directly owns 91,847 shares in the company, valued at approximately $12,008,995.25. This trade represents a 1.69% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Darren P. Field sold 1,200 shares of the company’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $161.67, for a total transaction of $194,004.00. Following the transaction, the executive vice president now owns 17,822 shares of the company’s stock, valued at $2,881,282.74. This represents a 6.31% decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

Institutional Trading of J.B. Hunt Transport Services

Large investors have recently modified their holdings of the company. Smartleaf Asset Management LLC increased its holdings in shares of J.B. Hunt Transport Services by 33.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company’s stock worth $58,000 after acquiring an additional 86 shares during the period. LPL Financial LLC increased its holdings in shares of J.B. Hunt Transport Services by 56.7% in the 4th quarter. LPL Financial LLC now owns 69,200 shares of the transportation company’s stock worth $11,810,000 after acquiring an additional 25,034 shares during the period. Keybank National Association OH acquired a new stake in shares of J.B. Hunt Transport Services in the 4th quarter worth about $255,000. Merit Financial Group LLC acquired a new stake in shares of J.B. Hunt Transport Services in the 4th quarter worth about $253,000. Finally, Narwhal Capital Management bought a new position in J.B. Hunt Transport Services in the 4th quarter valued at about $345,000. 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.