Cowen Set Hold Rating for J. B. Hunt (NASDAQ:JBHT)

Cowen Set Hold Rating for J. B. Hunt (NASDAQ:JBHT)

A number of other analysts have also recently commented on the company. KeyCorp restated an “equal weight” rating on shares of J. B. Hunt in a research report on Sunday, April 15th. Goldman Sachs assumed coverage on J. B. Hunt in a research note on Tuesday, April 10th. They issued a “sell” rating and a $102.00 price target on the stock. BidaskClub lowered J. B. Hunt from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 7th. Zacks Investment Research lowered J. B. Hunt from a “buy” rating to a “hold” rating in a research note on Friday, April 6th. Finally, Stifel Nicolaus began coverage on J. B. Hunt in a research note on Friday, April 6th. They set a “hold” rating and a $119.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and ten have given a buy rating to the company’s stock. J. B. Hunt currently has an average rating of “Hold” and an average price target of $124.50.

J. B. Hunt (NASDAQ:JBHT)‘s stock had its “hold” rating reissued by stock analysts at Cowen in a research note issued to investors on Monday, April 16th. They currently have a $123.00 target price on the transportation company’s stock. Cowen’s target price indicates a potential upside of 3.53% from the stock’s current price.

Shares of NASDAQ:JBHT opened at $118.81 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $12.89 billion, a PE ratio of 31.77, a PEG ratio of 1.75 and a beta of 0.94. J. B. Hunt has a 52-week low of $83.35 and a 52-week high of $126.49.

J. B. Hunt (NASDAQ:JBHT) last announced its quarterly earnings results on Monday, April 16th. The transportation company reported $1.07 earnings per share for the quarter, meeting the consensus estimate of $1.07. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.88 billion. J. B. Hunt had a return on equity of 25.90% and a net margin of 9.35%. J. B. Hunt’s quarterly revenue was up 19.6% on a year-over-year basis. During the same period last year, the business earned $0.92 earnings per share. equities analysts predict that J. B. Hunt will post 5.29 earnings per share for the current fiscal year.

In other J. B. Hunt news, Director Johnnie B. Hunt, Jr. sold 2,328 shares of the company’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $121.00, for a total transaction of $281,688.00. Following the sale, the director now owns 70,697 shares in the company, valued at approximately $8,554,337. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 4.20% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of J. B. Hunt by 1.5% during the 4th quarter. BlackRock Inc. now owns 6,090,548 shares of the transportation company’s stock worth $700,293,000 after acquiring an additional 92,004 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of J. B. Hunt by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 1,043,510 shares of the transportation company’s stock worth $119,760,000 after acquiring an additional 30,100 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of J. B. Hunt by 13.0% during the 4th quarter. Franklin Resources Inc. now owns 828,349 shares of the transportation company’s stock worth $95,244,000 after acquiring an additional 95,505 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of J. B. Hunt by 61.6% in the 4th quarter. TIAA CREF Investment Management LLC now owns 817,711 shares of the transportation company’s stock valued at $94,020,000 after purchasing an additional 311,590 shares during the period. Finally, Congress Asset Management Co. MA boosted its position in shares of J. B. Hunt by 2.8% in the 4th quarter. Congress Asset Management Co. MA now owns 790,953 shares of the transportation company’s stock valued at $90,944,000 after purchasing an additional 21,502 shares during the period. 72.31% of the stock is owned by institutional investors and hedge funds.

J. B. Hunt Company Profile

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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