UBS Group Issues Pessimistic Forecast for J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Price

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target decreased by equities research analysts at UBS Group from $211.00 to $196.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. UBS Group’s price target indicates a potential upside of 12.48% from the company’s previous close.

A number of other analysts have also weighed in on the stock. Raymond James upped their target price on shares of J.B. Hunt Transport Services from $195.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Citigroup reduced their price objective on shares of J.B. Hunt Transport Services from $204.00 to $193.00 and set a “buy” rating on the stock in a report on Friday. TD Cowen dropped their target price on J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating on the stock in a report on Friday. The Goldman Sachs Group cut their price objective on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Finally, Susquehanna raised J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 target price for the company in a report on Friday, January 3rd. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and a consensus target price of $191.67.

J.B. Hunt Transport Services Stock Down 6.4 %

JBHT stock traded down $11.95 during midday trading on Friday, hitting $174.25. The company’s stock had a trading volume of 2,311,707 shares, compared to its average volume of 952,873. The firm has a 50-day simple moving average of $180.47 and a 200-day simple moving average of $173.76. The firm has a market capitalization of $17.57 billion, a P/E ratio of 31.69, a PEG ratio of 2.94 and a beta of 1.16. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26. J.B. Hunt Transport Services has a 52-week low of $153.12 and a 52-week high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. The company had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter last year, the business posted $1.47 earnings per share. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. As a group, equities analysts forecast that J.B. Hunt Transport Services will post 5.67 EPS for the current year.

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP Eric Mcgee sold 145 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $182.72, for a total value of $26,494.40. Following the sale, the executive vice president now owns 700 shares in the company, valued at $127,904. This represents a 17.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Spencer Frazier sold 2,200 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $194.21, for a total value of $427,262.00. Following the completion of the sale, the executive vice president now owns 4,050 shares in the company, valued at approximately $786,550.50. This represents a 35.20 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 11,459 shares of company stock valued at $2,136,277. Corporate insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On J.B. Hunt Transport Services

Large investors have recently bought and sold shares of the stock. True Wealth Design LLC grew its holdings in J.B. Hunt Transport Services by 2,028.6% during the 3rd quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock valued at $26,000 after buying an additional 142 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in J.B. Hunt Transport Services during the 3rd quarter valued at $26,000. Cromwell Holdings LLC grew its holdings in J.B. Hunt Transport Services by 47.2% during the 3rd quarter. Cromwell Holdings LLC now owns 237 shares of the transportation company’s stock valued at $41,000 after buying an additional 76 shares during the last quarter. Versant Capital Management Inc grew its holdings in J.B. Hunt Transport Services by 102.2% during the 4th quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock valued at $48,000 after buying an additional 142 shares during the last quarter. Finally, Huntington National Bank grew its holdings in J.B. Hunt Transport Services by 21.8% during the 3rd quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock valued at $59,000 after buying an additional 61 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Company Profile

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.