J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Price Target Cut by TD Cowen

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target cut by equities research analysts at TD Cowen from $297.00 to $283.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “hold” rating on the transportation company’s stock. TD Cowen’s price objective points to a potential upside of 25.26% from the company’s previous close.

Several other research analysts also recently commented on JBHT. BMO Capital Markets restated an “outperform” rating on shares of J.B. Hunt Transport Services in a research report on Wednesday, September 16th. Citigroup raised J.B. Hunt Transport Services from a “market perform” rating to an “outperform” rating in a report on Thursday, September 17th. Wall Street Zen lowered J.B. Hunt Transport Services from a “buy” rating to a “hold” rating in a research note on Monday, September 21st. Stifel Nicolaus boosted their price target on 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. Finally, Susquehanna dropped their price objective on J.B. Hunt Transport Services from $345.00 to $305.00 and set a “positive” rating for the company in a research report on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $280.83.

J.B. Hunt Transport Services Price Performance

JBHT stock opened at $225.93 on Monday. The company’s 50-day moving average price is $258.37 and its two-hundred day moving average price is $258.03. The firm has a market cap of $21.22 billion, a P/E ratio of 32.00, a P/E/G ratio of 1.85 and a beta of 1.31. 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 has a 12 month low of $136.46 and a 12 month high of $299.76.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in J.B. Hunt Transport Services during the 2nd quarter worth $1,833,602,000. Bank of America Corp DE increased its holdings in J.B. Hunt Transport Services by 2.4% in the 1st quarter. Bank of America Corp DE now owns 454,610 shares of the transportation company’s stock worth $96,332,000 after purchasing an additional 10,664 shares in the last quarter. Impact Partnership Wealth LLC bought a new position in J.B. Hunt Transport Services in the first quarter valued at about $1,054,000. OP Asset Management Ltd bought a new position in J.B. Hunt Transport Services in the first quarter valued at about $1,681,000. Finally, Bank of Nova Scotia raised its position in J.B. Hunt Transport Services by 45.7% in the first quarter. Bank of Nova Scotia now owns 39,514 shares of the transportation company’s stock valued at $8,373,000 after purchasing an additional 12,386 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting J.B. Hunt Transport Services

Here are the key news stories impacting J.B. Hunt Transport Services this week:

• Positive Sentiment: JPMorgan maintained an “overweight” rating despite lowering its price target to $287 from $313. The revised target remains substantially above the reference price of $225.93, suggesting the firm still sees meaningful recovery potential. JPMorgan Adjusts Price Target on J.B. Hunt
• Neutral Sentiment: TD Cowen cut its price target to $283 from $297 and retained a “hold” rating. Although the target implies upside, the reduction reflects more cautious expectations for J.B. Hunt’s earnings or freight-market outlook. TD Cowen Issues Forecast for J.B. Hunt
• Negative Sentiment: Rosen Law Firm said it is investigating potential securities claims alleging that J.B. Hunt may have issued materially misleading business information. Such announcements can weigh on investor confidence and raise the possibility of litigation-related costs or additional disclosures, although the investigation does not establish wrongdoing. Rosen Law Firm J.B. Hunt Investor News
• Negative Sentiment: Pomerantz separately announced an investigation on behalf of J.B. Hunt investors. The second law-firm notice reinforces near-term legal uncertainty and may add selling pressure, though it provides no finding against the company. Pomerantz J.B. Hunt Investor Alert

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.