J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Price Target Lowered at Citigroup

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target reduced by research analysts at Citigroup from $309.00 to $254.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. Citigroup’s price target points to a potential upside of 14.30% from the company’s current price.

Several other equities analysts have also commented on JBHT. UBS Group decreased their target price on shares of J.B. Hunt Transport Services from $291.00 to $264.00 and set a “neutral” rating on the stock in a report on Thursday, September 17th. Bank of America reduced their price target on shares of J.B. Hunt Transport Services from $340.00 to $302.00 and set a “buy” rating on the stock in a research report on Wednesday, September 16th. Robert W. Baird decreased their price objective on shares of J.B. Hunt Transport Services from $320.00 to $290.00 and set an “outperform” rating on the stock in a research note on Thursday, September 17th. Raymond James Financial lowered their price objective on shares of J.B. Hunt Transport Services from $315.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, September 17th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of J.B. Hunt Transport Services in a report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and a consensus price target of $275.83.

J.B. Hunt Transport Services Price Performance

Shares of JBHT stock traded down $3.70 during trading on Wednesday, hitting $222.23. The company had a trading volume of 284,672 shares, compared to its average volume of 1,011,809. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market capitalization of $20.87 billion, a P/E ratio of 31.49, a price-to-earnings-growth ratio of 1.85 and a beta of 1.31. The stock’s 50-day moving average price is $258.37 and its 200 day moving average price is $258.03. J.B. Hunt Transport Services has a one year low of $136.46 and a one year high of $299.76.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.20. The company had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.26 billion. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%.J.B. Hunt Transport Services’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.31 EPS. Equities analysts expect that J.B. Hunt Transport Services will post 7.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Elevation Wealth Partners LLC boosted its holdings in J.B. Hunt Transport Services by 500.0% in the second quarter. Elevation Wealth Partners LLC now owns 150 shares of the transportation company’s stock worth $43,000 after acquiring an additional 125 shares in the last quarter. Basecamp Wealth Advisors LLC lifted its holdings in shares of J.B. Hunt Transport Services by 250.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 217 shares of the transportation company’s stock worth $46,000 after purchasing an additional 155 shares in the last quarter. Manchester Capital Management LLC raised its holdings in J.B. Hunt Transport Services by 378.1% during the fourth quarter. Manchester Capital Management LLC now owns 349 shares of the transportation company’s stock worth $68,000 after buying an additional 276 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of J.B. Hunt Transport Services by 17.9% in the second quarter. Parkside Financial Bank & Trust now owns 250 shares of the transportation company’s stock valued at $72,000 after buying an additional 38 shares in the last quarter. Finally, Westpac Banking Corp acquired a new position in shares of J.B. Hunt Transport Services during the first quarter valued at about $102,000. 74.95% of the stock is currently owned by institutional investors.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a transportation and logistics company headquartered in Lowell, Arkansas. Founded in 1961 by Johnnie Bryan Hunt and Johnelle Hunt, the company has grown from a small trucking operation into a major provider of freight transportation and supply-chain services across North America.

The company’s primary business activities include intermodal transportation, which combines rail and truck services; dedicated contract services, which provides customized fleet and delivery operations for individual customers; and integrated capacity solutions, including freight brokerage and third-party logistics.