Morgan Stanley set a $88.00 price objective on J B Hunt Transport Services (NASDAQ:JBHT) in a report published on Monday, Stock Target Advisor reports. The firm currently has a hold rating on the transportation company’s stock.

Several other equities research analysts have also issued reports on the company. Bank of America lowered NIO from a neutral rating to an underperform rating and reduced their price target for the company from $6.20 to $3.00 in a report on Tuesday, May 28th. Deutsche Bank lowered J B Hunt Transport Services from a buy rating to a sell rating and set a $98.51 price target for the company. in a report on Wednesday, April 17th. Buckingham Research reduced their price target on Werner Enterprises from $43.00 to $42.00 and set a buy rating for the company in a report on Tuesday, April 2nd. Cowen reiterated a market perform rating and set a $112.00 price target (down from $122.00) on shares of J B Hunt Transport Services in a report on Tuesday, April 16th. Finally, UBS Group lifted their price target on Intact Financial from C$122.00 to C$133.00 in a report on Tuesday, June 18th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $109.00.

Shares of J B Hunt Transport Services stock opened at $87.76 on Monday. The firm has a market cap of $9.66 billion, a price-to-earnings ratio of 15.48, a price-to-earnings-growth ratio of 1.07 and a beta of 1.11. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.58. J B Hunt Transport Services has a 52-week low of $83.64 and a 52-week high of $129.98. The firm’s 50-day moving average price is $88.94.

J B Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Monday, April 15th. The transportation company reported $1.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.25 by ($0.16). The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.17 billion. J B Hunt Transport Services had a net margin of 5.61% and a return on equity of 29.84%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.07 earnings per share. On average, equities research analysts predict that J B Hunt Transport Services will post 5.68 EPS for the current year.

In related news, insider John N. Roberts bought 2,319 shares of J B Hunt Transport Services stock in a transaction that occurred on Tuesday, May 28th. The stock was purchased at an average cost of $86.23 per share, for a total transaction of $199,967.37. Following the acquisition, the insider now owns 288,739 shares in the company, valued at $24,897,963.97. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gary Charles George bought 5,000 shares of J B Hunt Transport Services stock in a transaction that occurred on Friday, May 3rd. The stock was bought at an average price of $94.52 per share, with a total value of $472,600.00. Following the completion of the acquisition, the director now owns 43,369 shares in the company, valued at approximately $4,099,237.88. The disclosure for this purchase can be found here. 3.60% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. FTB Advisors Inc. bought a new position in J B Hunt Transport Services in the 1st quarter worth approximately $25,000. Somerset Trust Co increased its position in J B Hunt Transport Services by 169.1% in the 1st quarter. Somerset Trust Co now owns 296 shares of the transportation company’s stock worth $30,000 after buying an additional 186 shares during the period. CSat Investment Advisory L.P. increased its position in J B Hunt Transport Services by 116.0% in the 4th quarter. CSat Investment Advisory L.P. now owns 337 shares of the transportation company’s stock worth $31,000 after buying an additional 181 shares during the period. Thor Advisors LLC bought a new position in J B Hunt Transport Services in the 1st quarter worth approximately $35,000. Finally, Pearl River Capital LLC increased its position in J B Hunt Transport Services by 267.0% in the 1st quarter. Pearl River Capital LLC now owns 668 shares of the transportation company’s stock worth $68,000 after buying an additional 486 shares during the period. 72.94% of the stock is currently owned by institutional investors.

About J B Hunt Transport Services

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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Analyst Recommendations for J B Hunt Transport Services (NASDAQ:JBHT)

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