Wells Fargo & Company Lowers J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $305.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price reduced by stock analysts at Wells Fargo & Company from $335.00 to $305.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the transportation company’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 11.70% from the company’s current price.

A number of other research analysts also recently issued reports on JBHT. JPMorgan Chase & Co. boosted their price objective on shares of J.B. Hunt Transport Services from $280.00 to $313.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Citigroup reissued a “market perform” rating on shares of J.B. Hunt Transport Services in a research report on Monday, July 20th. BMO Capital Markets reaffirmed an “outperform” rating on shares of J.B. Hunt Transport Services in a research note on Thursday, July 16th. Citizens Jmp started coverage on shares of J.B. Hunt Transport Services in a research report on Wednesday, July 15th. They issued a “market perform” rating on the stock. Finally, Stifel Nicolaus upped their price objective on shares of J.B. Hunt Transport Services from $225.00 to $261.00 and gave the stock a “hold” rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $284.35.

J.B. Hunt Transport Services Price Performance

Shares of J.B. Hunt Transport Services stock opened at $273.05 on Wednesday. The company’s fifty day simple moving average is $274.65 and its two-hundred day simple moving average is $256.46. J.B. Hunt Transport Services has a 12-month low of $130.12 and a 12-month high of $299.76. The firm has a market cap of $25.64 billion, a PE ratio of 38.68, a price-to-earnings-growth ratio of 2.08 and a beta of 1.29. 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 (NASDAQ:JBHT) last posted 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 analysts’ expectations 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 last year, the firm earned $1.31 earnings per share. As a group, equities analysts expect that J.B. Hunt Transport Services will post 7.75 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in J.B. Hunt Transport Services during the 2nd quarter valued at $1,833,602,000. Janus Henderson Group PLC grew its holdings in shares of J.B. Hunt Transport Services by 1.1% in the first 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. Jupiter Topco LLC bought a new stake in shares of J.B. Hunt Transport Services in the second quarter worth $891,349,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in J.B. Hunt Transport Services by 64.7% during 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 during the last quarter. Finally, Norges Bank purchased a new stake in J.B. Hunt Transport Services during the fourth quarter valued at $200,587,000. Institutional investors own 74.95% of the company’s stock.

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.