The Deutsche Bank AG Begins Coverage on JB Hunt Transport Services Inc. (JBHT)

The Deutsche Bank AG Begins Coverage on JB Hunt Transport Services Inc. (JBHT)

Stock analysts at Deutsche Bank AG assumed coverage on shares of JB Hunt Transport Services Inc. (NASDAQ:JBHT) in a research note issued on Wednesday. The firm set a “hold” rating and a $85.00 price target on the stock. Deutsche Bank AG’s price target suggests a potential downside of 9.52% from the stock’s previous close.

Several other research analysts have also recently issued reports on JBHT. BB&T Corp. reaffirmed a “buy” rating and set a $93.00 price objective on shares of JB Hunt Transport Services in a research report on Thursday, July 7th. Wells Fargo & Co. reaffirmed a “buy” rating and set a $95.00 price objective on shares of JB Hunt Transport Services in a research report on Monday, July 18th. Royal Bank Of Canada lowered their price objective on JB Hunt Transport Services from $98.00 to $94.00 and set an “outperform” rating for the company in a research report on Tuesday, July 19th. RBC Capital Markets reissued an “outperform” rating and issued a $94.00 target price (down from $98.00) on shares of JB Hunt Transport Services in a report on Tuesday, July 19th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $84.00 target price (down from $88.00) on shares of JB Hunt Transport Services in a report on Tuesday, July 19th. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $92.06.

Shares of JB Hunt Transport Services (NASDAQ:JBHT) traded up 1.10% during mid-day trading on Wednesday, reaching $93.94. The company’s stock had a trading volume of 319,898 shares. The company has a market capitalization of $10.54 billion, a price-to-earnings ratio of 24.83 and a beta of 0.79. JB Hunt Transport Services has a 1-year low of $63.58 and a 1-year high of $94.11. The company’s 50 day moving average price is $83.99 and its 200-day moving average price is $82.05.

JB Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Monday, October 17th. The company reported $0.97 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by $0.06. The business had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.68 billion. JB Hunt Transport Services had a return on equity of 32.24% and a net margin of 6.68%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.99 earnings per share. Analysts predict that JB Hunt Transport Services will post $3.77 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 18th. Investors of record on Friday, November 4th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend was Wednesday, November 2nd. JB Hunt Transport Services’s dividend payout ratio is currently 23.28%.

In related news, Chairman James K. Thompson sold 5,400 shares of the company’s stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $79.52, for a total value of $429,408.00. Following the sale, the chairman now owns 60,346 shares in the company, valued at approximately $4,798,713.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 4.50% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in JBHT. Societe Generale purchased a new stake in JB Hunt Transport Services during the second quarter worth $111,000. Global X Management Co. LLC boosted its stake in JB Hunt Transport Services by 89.9% in the third quarter. Global X Management Co. LLC now owns 1,390 shares of the company’s stock worth $113,000 after buying an additional 658 shares in the last quarter. MSI Financial Services Inc boosted its stake in JB Hunt Transport Services by 19.1% in the third quarter. MSI Financial Services Inc now owns 1,447 shares of the company’s stock worth $117,000 after buying an additional 232 shares in the last quarter. Pacer Advisors Inc. boosted its stake in JB Hunt Transport Services by 16.9% in the second quarter. Pacer Advisors Inc. now owns 1,685 shares of the company’s stock worth $136,000 after buying an additional 243 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in JB Hunt Transport Services by 137.5% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,900 shares of the company’s stock worth $154,000 after buying an additional 1,100 shares in the last quarter. Institutional investors and hedge funds own 73.12% of the company’s stock.

JB Hunt Transport Services Company Profile

Related posts

Leave a Comment