Cowen Reiterates Market Perform Rating for J B Hunt Transport Services (JBHT)

J B Hunt Transport Services (NASDAQ:JBHT)‘s stock had its “market perform” rating restated by research analysts at Cowen in a research report issued to clients and investors on Friday. They currently have a $122.00 price target on the transportation company’s stock, down from their previous price target of $129.00. Cowen’s target price points to a potential upside of 14.98% from the company’s previous close.

Several other brokerages also recently weighed in on JBHT. Stephens set a $118.00 price target on J B Hunt Transport Services and gave the stock a “buy” rating in a report on Friday, December 14th. Cleveland Research initiated coverage on J B Hunt Transport Services in a report on Friday, October 5th. They set a “neutral” rating for the company. Credit Suisse Group decreased their target price on J B Hunt Transport Services from $148.00 to $121.00 and set an “outperform” rating for the company in a report on Tuesday, January 15th. Zacks Investment Research downgraded J B Hunt Transport Services from a “buy” rating to a “hold” rating in a report on Friday, September 28th. Finally, Loop Capital decreased their target price on J B Hunt Transport Services to $143.00 and set a “buy” rating for the company in a report on Wednesday, October 10th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the stock. J B Hunt Transport Services presently has an average rating of “Hold” and a consensus target price of $126.21.

Shares of J B Hunt Transport Services stock opened at $106.11 on Friday. The firm has a market cap of $10.86 billion, a PE ratio of 18.71, a PEG ratio of 1.32 and a beta of 1.01. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.11 and a current ratio of 1.11. J B Hunt Transport Services has a 12 month low of $88.38 and a 12 month high of $131.74.

J B Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Thursday, January 17th. The transportation company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.67). The company had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.29 billion. J B Hunt Transport Services had a net margin of 5.68% and a return on equity of 31.03%. J B Hunt Transport Services’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.87 EPS. Sell-side analysts predict that J B Hunt Transport Services will post 6.29 earnings per share for the current year.

A number of large investors have recently made changes to their positions in the business. Contravisory Investment Management Inc. increased its position in shares of J B Hunt Transport Services by 6.1% during the fourth quarter. Contravisory Investment Management Inc. now owns 3,087 shares of the transportation company’s stock worth $287,000 after purchasing an additional 178 shares in the last quarter. Shell Asset Management Co. increased its position in shares of J B Hunt Transport Services by 8.2% during the third quarter. Shell Asset Management Co. now owns 6,869 shares of the transportation company’s stock worth $817,000 after purchasing an additional 519 shares in the last quarter. AMP Capital Investors Ltd increased its position in shares of J B Hunt Transport Services by 1.2% during the third quarter. AMP Capital Investors Ltd now owns 47,606 shares of the transportation company’s stock worth $5,640,000 after purchasing an additional 544 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of J B Hunt Transport Services by 110.1% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,040 shares of the transportation company’s stock worth $124,000 after purchasing an additional 545 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of J B Hunt Transport Services by 186.8% during the second quarter. Tower Research Capital LLC TRC now owns 915 shares of the transportation company’s stock worth $111,000 after purchasing an additional 596 shares in the last quarter. 73.41% of the stock is 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 through four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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