Raymond James Lowers J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $165.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective cut by analysts at Raymond James from $190.00 to $165.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the transportation company’s stock. Raymond James’ price target would suggest a potential upside of 22.82% from the company’s previous close.

A number of other research firms have also recently commented on JBHT. TD Cowen reduced their price target on shares of J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating for the company in a report on Friday, January 17th. The Goldman Sachs Group reduced their target price on J.B. Hunt Transport Services from $188.00 to $166.00 and set a “buy” rating for the company in a research note on Thursday. Evercore ISI dropped their price target on J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Susquehanna lowered J.B. Hunt Transport Services from a “positive” rating to a “neutral” rating and cut their price target for the stock from $200.00 to $165.00 in a report on Wednesday, March 26th. Finally, Bank of America decreased their price objective on J.B. Hunt Transport Services from $189.00 to $170.00 and set a “buy” rating for the company in a report on Monday, March 17th. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and an average price target of $177.70.

J.B. Hunt Transport Services Stock Down 5.2 %

Shares of NASDAQ:JBHT opened at $134.34 on Friday. J.B. Hunt Transport Services has a 1 year low of $127.05 and a 1 year high of $200.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94. The business’s 50-day moving average is $155.02 and its 200-day moving average is $169.72. The company has a market capitalization of $13.44 billion, a price-to-earnings ratio of 24.16, a P/E/G ratio of 1.61 and a beta of 1.27.

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 the consensus estimate of $1.62 by ($0.09). The business 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 4.72% and a return on equity of 14.05%. J.B. Hunt Transport Services’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same period last year, the firm posted $1.47 earnings per share. Equities research analysts predict that J.B. Hunt Transport Services will post 6.37 earnings per share for the current year.

Insider Activity at J.B. Hunt Transport Services

In other news, Director James K. Thompson sold 4,400 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total transaction of $771,628.00. Following the sale, the director now directly owns 23,559 shares in the company, valued at $4,131,541.83. This represents a 15.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Darren P. Field sold 1,200 shares of the 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 completion of the sale, the executive vice president now directly owns 17,822 shares in the company, valued at approximately $2,881,282.74. The trade was a 6.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. National Pension Service purchased a new stake in shares of J.B. Hunt Transport Services in the fourth quarter worth $30,000. BankPlus Trust Department bought a new position in J.B. Hunt Transport Services in the 4th quarter worth about $34,000. Versant Capital Management Inc raised its holdings in shares of J.B. Hunt Transport Services by 102.2% in the 4th quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock valued at $48,000 after acquiring an additional 142 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of J.B. Hunt Transport Services by 68.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company’s stock valued at $56,000 after acquiring an additional 134 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of J.B. Hunt Transport Services by 33.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company’s stock valued at $58,000 after acquiring an additional 86 shares during the last quarter. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

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.