Citigroup Boosts J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $230.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target upped by Citigroup from $205.00 to $230.00 in a research report released on Wednesday, The Fly reports.

Other analysts also recently issued reports about the company. KeyCorp lifted their target price on J.B. Hunt Transport Services from $190.00 to $210.00 and gave the stock an overweight rating in a research report on Monday, October 18th. JPMorgan Chase & Co. downgraded J.B. Hunt Transport Services from a neutral rating to an underweight rating and decreased their target price for the stock from $169.00 to $150.00 in a research report on Friday, October 8th. They noted that the move was a valuation call. Wells Fargo & Company lifted their target price on J.B. Hunt Transport Services from $216.00 to $233.00 and gave the stock an overweight rating in a research report on Monday, January 10th. BMO Capital Markets lifted their target price on J.B. Hunt Transport Services from $165.00 to $180.00 and gave the stock a market perform rating in a research report on Monday, October 18th. Finally, Stephens lifted their target price on J.B. Hunt Transport Services from $212.00 to $225.00 and gave the stock an overweight rating in a research report on Tuesday, January 4th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Hold and a consensus price target of $194.56.

NASDAQ JBHT opened at $202.07 on Wednesday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.32. The company has a fifty day moving average of $198.09 and a two-hundred day moving average of $182.69. The firm has a market capitalization of $21.22 billion, a price-to-earnings ratio of 32.07, a PEG ratio of 1.66 and a beta of 1.07. J.B. Hunt Transport Services has a 52 week low of $133.36 and a 52 week high of $208.87.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Thursday, October 14th. The transportation company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.77 by $0.11. The company had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.03 billion. J.B. Hunt Transport Services had a net margin of 5.90% and a return on equity of 24.36%. J.B. Hunt Transport Services’s quarterly revenue was up 27.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.18 earnings per share. Equities research analysts anticipate that J.B. Hunt Transport Services will post 6.86 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 19th. Shareholders of record on Friday, November 5th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 4th. This represents a $1.20 dividend on an annualized basis and a yield of 0.59%. J.B. Hunt Transport Services’s dividend payout ratio is presently 19.05%.

In other news, EVP Eric Mcgee sold 250 shares of the business’s stock in a transaction dated Wednesday, November 3rd. The stock was sold at an average price of $194.41, for a total transaction of $48,602.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Bradley W. Hicks sold 1,000 shares of the business’s stock in a transaction dated Friday, November 5th. The stock was sold at an average price of $197.10, for a total value of $197,100.00. The disclosure for this sale can be found here. Insiders sold 2,250 shares of company stock valued at $442,143 over the last quarter. 3.30% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the company. Jacobi Capital Management LLC purchased a new stake in shares of J.B. Hunt Transport Services during the third quarter worth about $25,000. Cohen & Steers Inc. purchased a new stake in shares of J.B. Hunt Transport Services during the third quarter worth about $31,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in J.B. Hunt Transport Services in the third quarter valued at approximately $53,000. Parisi Gray Wealth Management purchased a new stake in J.B. Hunt Transport Services in the second quarter valued at approximately $65,000. Finally, Newfound Research LLC boosted its position in J.B. Hunt Transport Services by 75.9% in the third quarter. Newfound Research LLC now owns 445 shares of the transportation company’s stock valued at $74,000 after buying an additional 192 shares during the last quarter. Institutional investors and hedge funds own 71.59% of the company’s stock.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc engages in the provision of logistics solutions. It operates through the following segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS) and Truckload (JBT). The JBI segment offers intermodal freight operations for rail carriers.

See Also: Coverage Ratio

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