Today BMO Capital Reconfirms a Market Perform Rating on JB Hunt Transport (NASDAQ:JBHT) and a $130 Target Price

June 21, 2018 - By Robert Sims

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Logo

Investors sentiment decreased to 0.94 in 2018 Q1. Its down 0.25, from 1.19 in 2017Q4. It turned negative, as 33 investors sold J.B. Hunt Transport Services, Inc. shares while 141 reduced holdings. 59 funds opened positions while 105 raised stakes. 79.92 million shares or 4.29% more from 76.63 million shares in 2017Q4 were reported.

Chevy Chase Inc holds 72,740 shares or 0.04% of its portfolio. Portolan Capital Mgmt Limited Co holds 0.22% of its portfolio in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) for 17,419 shares. Rafferty Asset Mgmt reported 17,511 shares. Elk Creek Partners Lc stated it has 4,074 shares. Parametric Port Ltd Liability Com owns 229,110 shares for 0.03% of their portfolio. Ontario Teachers Pension Plan Board stated it has 8,594 shares. Nicholas Invest Prtnrs Ltd Partnership owns 42,633 shares or 0.36% of their US portfolio. Liberty Mutual Grp Asset reported 3,402 shares. Ruggie Capital Grp reported 50 shares stake. Janney Montgomery Scott Llc has 0% invested in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) for 2,514 shares. Nelson Van Denburg & Campbell Wealth Gru Lc holds 2,160 shares or 0.06% of its portfolio. British Columbia Inv Mngmt accumulated 33,000 shares. Ibm Retirement Fund invested 0.04% of its portfolio in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT). Stephens Inc Ar has invested 0.14% in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT). Franklin Incorporated holds 0.05% of its portfolio in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) for 828,576 shares.

Since January 24, 2018, it had 0 insider buys, and 7 insider sales for $33.69 million activity. $281,688 worth of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) was sold by HUNT JOHNNIE B JR. Hicks Bradley W. had sold 1,300 shares worth $156,901 on Wednesday, May 9. Field Darren P. sold 500 shares worth $63,060.

JB Hunt Transport (NASDAQ:JBHT) Rating Reaffirmed

In an analyst report published this morning, BMO Capital restate their Market Perform rating on JB Hunt Transport (NASDAQ:JBHT) shares. The target price per share would suggest a possible upside of 1.18 % from firm’s last stock close.

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Ratings Coverage

Among 16 analysts covering JB Hunt (NASDAQ:JBHT), 6 have Buy rating, 1 Sell and 9 Hold. Therefore 38% are positive. JB Hunt has $150 highest and $10200 lowest target. $126.13’s average target is -1.83% below currents $128.48 stock price. JB Hunt had 32 analyst reports since December 28, 2017 according to SRatingsIntel. The firm earned “Sell” rating on Tuesday, April 10 by Goldman Sachs. Credit Suisse upgraded J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) on Friday, April 13 to “Buy” rating. The rating was downgraded by KeyBanc Capital Markets on Thursday, April 12 to “Sector Weight”. The firm has “Buy” rating given on Tuesday, April 17 by Bank of America. The company was maintained on Thursday, December 28 by Stephens. The rating was maintained by BMO Capital Markets on Monday, April 16 with “Hold”. Robert W. Baird maintained the shares of JBHT in report on Thursday, December 28 with “Hold” rating. The rating was maintained by Stephens on Friday, January 19 with “Buy”. Susquehanna maintained the stock with “Buy” rating in Monday, January 29 report. The rating was upgraded by Bank of America on Thursday, December 28 to “Buy”.

The stock increased 0.93% or $1.18 during the last trading session, reaching $128.48. About 442,474 shares traded. J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) has risen 51.06% since June 21, 2017 and is uptrending. It has outperformed by 38.49% the S&P500.

Analysts await J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) to report earnings on July, 16. They expect $1.27 earnings per share, up 44.32 % or $0.39 from last year’s $0.88 per share. JBHT’s profit will be $139.39M for 25.29 P/E if the $1.27 EPS becomes a reality. After $1.07 actual earnings per share reported by J.B. Hunt Transport Services, Inc. for the previous quarter, Wall Street now forecasts 18.69 % EPS growth.

J.B. Hunt Transport Services, Inc., together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. The company has market cap of $14.10 billion. It operates through four divisions: Intermodal , Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truck (JBT). It has a 20.27 P/E ratio. The JBI segment offers intermodal freight solutions, such as origin and destination pickup, and delivery services.

Another recent and important J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) news was published by Nasdaq.com which published an article titled: “Report: Developing Opportunities within ConocoPhillips, Teleflex, Enterprise Products Partners, Tandem Diabetes …” on June 12, 2018.

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Institutional Positions Chart

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