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

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target cut by analysts at Citigroup from $204.00 to $193.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Citigroup’s target price suggests a potential upside of 11.92% from the stock’s current price.

Other equities analysts have also issued reports about the company. Benchmark reiterated a “buy” rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a research note on Friday. JPMorgan Chase & Co. dropped their price target on J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating on the stock in a research report on Friday. Evercore ISI reduced their price objective on J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating for the company in a research report on Friday. The Goldman Sachs Group dropped their target price on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Finally, Susquehanna upgraded shares of J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 target price for the company in a research note on Friday, January 3rd. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $191.67.

J.B. Hunt Transport Services Trading Down 7.4 %

Shares of JBHT stock opened at $172.45 on Friday. J.B. Hunt Transport Services has a 12 month low of $153.12 and a 12 month high of $219.51. The company has a market cap of $17.39 billion, a PE ratio of 31.35, a price-to-earnings-growth ratio of 2.94 and a beta of 1.16. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26. The business’s 50 day moving average is $180.08 and its two-hundred day moving average is $173.95.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.47 earnings per share. Equities analysts predict that J.B. Hunt Transport Services will post 5.67 EPS for the current year.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Eric Mcgee sold 145 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $182.72, for a total value of $26,494.40. Following the sale, the executive vice president now directly owns 700 shares in the company, valued at $127,904. This represents a 17.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Spencer Frazier sold 2,200 shares of J.B. Hunt Transport Services stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $194.21, for a total value of $427,262.00. Following the transaction, the executive vice president now directly owns 4,050 shares of the company’s stock, valued at approximately $786,550.50. The trade was a 35.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,459 shares of company stock valued at $2,136,277. Corporate insiders own 2.10% of the company’s stock.

Institutional Trading of J.B. Hunt Transport Services

Several hedge funds have recently modified their holdings of JBHT. True Wealth Design LLC grew its position in J.B. Hunt Transport Services by 2,028.6% during the 3rd quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock worth $26,000 after acquiring an additional 142 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of J.B. Hunt Transport Services during the third quarter worth $26,000. Cromwell Holdings LLC increased its stake in shares of J.B. Hunt Transport Services by 47.2% in the third quarter. Cromwell Holdings LLC now owns 237 shares of the transportation company’s stock valued at $41,000 after buying an additional 76 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of J.B. Hunt Transport Services by 102.2% in the fourth quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock valued at $48,000 after buying an additional 142 shares during the last quarter. Finally, Huntington National Bank lifted its position in J.B. Hunt Transport Services by 21.8% during the 3rd quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock worth $59,000 after buying an additional 61 shares in the last quarter. 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.