J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Cut to $199.00 by Analysts at Evercore ISI

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective decreased by equities researchers at Evercore ISI from $218.00 to $199.00 in a report released on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the transportation company’s stock. Evercore ISI’s price target would indicate a potential upside of 18.36% from the company’s current price.

Several other research firms have also commented on JBHT. Barclays lowered J.B. Hunt Transport Services from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $215.00 to $200.00 in a research note on Monday, April 1st. Stephens dropped their target price on J.B. Hunt Transport Services from $212.00 to $210.00 and set an “overweight” rating for the company in a research note on Thursday, April 4th. StockNews.com lowered J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a research note on Friday, March 8th. UBS Group upgraded J.B. Hunt Transport Services from a “neutral” rating to a “buy” rating and upped their target price for the company from $205.00 to $234.00 in a research note on Monday, January 22nd. Finally, Raymond James upped their target price on J.B. Hunt Transport Services from $200.00 to $209.00 and gave the company an “outperform” rating in a research note on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $197.39.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ JBHT traded down $14.86 during trading on Wednesday, reaching $168.13. The company had a trading volume of 3,720,800 shares, compared to its average volume of 803,560. J.B. Hunt Transport Services has a twelve month low of $160.07 and a twelve month high of $219.51. The stock has a market capitalization of $17.37 billion, a PE ratio of 24.04, a price-to-earnings-growth ratio of 1.62 and a beta of 1.11. The stock has a 50-day moving average price of $200.81 and a two-hundred day moving average price of $193.34. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Thursday, January 18th. The transportation company reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.27). J.B. Hunt Transport Services had a return on equity of 18.40% and a net margin of 5.68%. The company had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.29 billion. During the same period last year, the firm earned $1.92 earnings per share. The business’s revenue was down 9.6% compared to the same quarter last year. As a group, sell-side analysts predict that J.B. Hunt Transport Services will post 7.61 earnings per share for the current year.

Insider Transactions at J.B. Hunt Transport Services

In other news, Chairman James K. Thompson sold 4,000 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $206.48, for a total value of $825,920.00. Following the completion of the sale, the chairman now owns 28,259 shares of the company’s stock, valued at $5,834,918.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Chairman James K. Thompson sold 4,000 shares of the stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $206.48, for a total value of $825,920.00. Following the completion of the transaction, the chairman now owns 28,259 shares of the company’s stock, valued at $5,834,918.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kevin Bracy sold 754 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $211.79, for a total value of $159,689.66. Following the completion of the transaction, the senior vice president now directly owns 8,235 shares of the company’s stock, valued at approximately $1,744,090.65. The disclosure for this sale can be found here. Insiders sold 20,432 shares of company stock valued at $4,309,687 over the last quarter. Company insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of JBHT. HighTower Advisors LLC raised its stake in J.B. Hunt Transport Services by 10.0% during the first quarter. HighTower Advisors LLC now owns 5,673 shares of the transportation company’s stock valued at $1,139,000 after buying an additional 518 shares in the last quarter. Private Advisor Group LLC raised its stake in J.B. Hunt Transport Services by 15.8% during the first quarter. Private Advisor Group LLC now owns 1,562 shares of the transportation company’s stock valued at $313,000 after buying an additional 213 shares in the last quarter. Panagora Asset Management Inc. raised its stake in J.B. Hunt Transport Services by 16.2% during the first quarter. Panagora Asset Management Inc. now owns 2,428 shares of the transportation company’s stock valued at $488,000 after buying an additional 339 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in J.B. Hunt Transport Services by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,241 shares of the transportation company’s stock valued at $2,257,000 after buying an additional 696 shares in the last quarter. Finally, Yousif Capital Management LLC raised its stake in J.B. Hunt Transport Services by 0.5% during the first quarter. Yousif Capital Management LLC now owns 13,252 shares of the transportation company’s stock valued at $2,661,000 after buying an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

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.