Robert W. Baird Cuts J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $290.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target reduced by research analysts at Robert W. Baird from $320.00 to $290.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the transportation company’s stock. Robert W. Baird’s price target points to a potential upside of 22.50% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on JBHT. Morgan Stanley reaffirmed an “underweight” rating and set a $200.00 price target (up from $190.00) on shares of J.B. Hunt Transport Services in a research note on Monday, July 6th. TD Cowen increased their target price on J.B. Hunt Transport Services from $265.00 to $297.00 and gave the stock a “hold” rating in a research report on Thursday, July 16th. Bank of America decreased their price target on J.B. Hunt Transport Services from $340.00 to $302.00 and set a “buy” rating on the stock in a research note on Wednesday. Stephens upped their price objective on shares of J.B. Hunt Transport Services from $360.00 to $370.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Finally, The Goldman Sachs Group set a $261.00 price objective on shares of J.B. Hunt Transport Services in a research note on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $285.30.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT opened at $236.73 on Thursday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.31. J.B. Hunt Transport Services has a fifty-two week low of $130.12 and a fifty-two week high of $299.76. The business has a fifty day moving average of $273.86 and a 200-day moving average of $256.52. The stock has a market cap of $22.23 billion, a price-to-earnings ratio of 33.53, a price-to-earnings-growth ratio of 2.07 and a beta of 1.29.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.20. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%.The business had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same quarter last year, the company earned $1.31 earnings per share. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. As a group, analysts predict that J.B. Hunt Transport Services will post 7.75 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new position in J.B. Hunt Transport Services in the 2nd quarter valued at about $1,833,602,000. Jupiter Topco LLC bought a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter worth about $891,349,000. Janus Henderson Group PLC lifted its stake in shares of J.B. Hunt Transport Services by 1.1% in the 1st quarter. Janus Henderson Group PLC now owns 3,982,720 shares of the transportation company’s stock worth $843,937,000 after acquiring an additional 41,887 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of J.B. Hunt Transport Services by 64.7% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,056,398 shares of the transportation company’s stock valued at $305,753,000 after acquiring an additional 414,837 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of J.B. Hunt Transport Services in the second quarter valued at approximately $287,581,000. Institutional investors own 74.95% of the company’s stock.

Trending Headlines about J.B. Hunt Transport Services

Here are the key news stories impacting J.B. Hunt Transport Services this week:

• Positive Sentiment: Wells Fargo maintained an “overweight” rating, although it lowered its price target from $335 to $305. The revised target still implies substantial upside from the recent trading level. Wells Fargo price target update
• Neutral Sentiment: J.B. Hunt’s warning came during a Morgan Stanley conference, providing investors with updated management commentary rather than a formal quarterly earnings report. Analysts and investors are reassessing forecasts ahead of the results. Morgan Stanley conference transcript
• Negative Sentiment: Management expects third-quarter earnings to fall 5% to 10%, citing higher fuel prices and cost pressures. The outlook raised concerns that diesel inflation will reduce margins and profitability across J.B. Hunt’s transportation businesses. CNBC earnings warning
• Negative Sentiment: The fuel-cost warning pressured other trucking stocks as well, suggesting investors view the issue as an industry-wide risk rather than a problem limited to J.B. Hunt. Transportation sector reaction
• Negative Sentiment: Rosen Law Firm announced an investigation into potential securities-law violations involving J.B. Hunt, adding legal and headline risk for shareholders. Zacks also downgraded the stock from “strong buy” to “hold.” Rosen Law Firm investigation

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a transportation and logistics company headquartered in Lowell, Arkansas. Through its operating segments, the company provides freight transportation, logistics and supply-chain services to customers across North America.

Its principal businesses include intermodal transportation, which combines rail and trucking; dedicated contract services, which provides customized transportation and fleet-management solutions; and integrated capacity solutions, which matches customer freight with available transportation capacity.