The stock of J B Hunt Transport Services Inc (NASDAQ:JBHT) reached all time high today, Nov, 25 and still has $102.39 target or 9.00% above today’s $93.94 share price. This indicates more upside for the $10.74 billion company. This technical setup was reported by Barchart.com. If the $102.39 PT is reached, the company will be worth $966.60M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 1.10% or $1.02 during the last trading session, hitting $93.94. About 319,898 shares traded hands. J B Hunt Transport Services Inc (NASDAQ:JBHT) has risen 8.03% since April 22, 2016 and is uptrending. It has outperformed by 2.62% the S&P500.
Analysts await J B Hunt Transport Services Inc (NASDAQ:JBHT) to report earnings on January, 19. They expect $1.00 EPS, down 0.99% or $0.01 from last year’s $1.01 per share. JBHT’s profit will be $114.33 million for 23.49 P/E if the $1.00 EPS becomes a reality. After $0.97 actual EPS reported by J B Hunt Transport Services Inc for the previous quarter, Wall Street now forecasts 3.09% EPS growth.
J B Hunt Transport Services Inc (NASDAQ:JBHT) Ratings Coverage
Out of 15 analysts covering JB Hunt Trans (NASDAQ:JBHT), 11 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 73% are positive. JB Hunt Trans has been the topic of 27 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Vetr downgraded the shares of JBHT in a report on Wednesday, August 12 to “Strong-Buy” rating. As per Tuesday, January 12, the company rating was upgraded by Wolfe Research. The firm earned “Buy” rating on Wednesday, November 16 by Loop Capital. The firm earned “Buy” rating on Friday, August 21 by Vetr. The stock of J B Hunt Transport Services Inc (NASDAQ:JBHT) earned “Overweight” rating by Barclays Capital on Monday, October 5. The stock has “Outperform” rating given by RBC Capital Markets on Friday, January 22. Bank of America upgraded it to “Buy” rating and $90 target price in Friday, September 11 report. The rating was maintained by Credit Suisse with “Outperform” on Tuesday, April 19. Deutsche Bank maintained J B Hunt Transport Services Inc (NASDAQ:JBHT) rating on Monday, October 12. Deutsche Bank has “Hold” rating and $87 price target. The firm earned “Outperform” rating on Friday, March 18 by Credit Suisse.
According to Zacks Investment Research, “J.B. Hunt Transport Services, Inc., together with its wholly-owned subsidiaries, is a diversified transportation services and logistics company. Through its subsidiaries the company transports primarily full-load containerizable freight throughout the continental United States and portions of Canada and Mexico. The company also manages or provides logistics and transportation-related services which may utilize the company’s own equipment and employees, or may employ equipment and services provided by unrelated third parties.”
Insitutional Activity: The institutional sentiment decreased to 1.09 in 2016 Q2. Its down 0.18, from 1.27 in 2016Q1. The ratio fall, as 31 funds sold all J B Hunt Transport Services Inc shares owned while 118 reduced positions. 47 funds bought stakes while 142 increased positions. They now own 79.03 million shares or 2.77% less from 81.28 million shares in 2016Q1.
Ameriprise Fincl Incorporated has 291,274 shares for 0.01% of their US portfolio. Ing Groep Nv owns 3,163 shares or 0% of their US portfolio. Janney Montgomery Scott accumulated 0.1% or 80,208 shares. Keybank Natl Association Oh last reported 0% of its portfolio in the stock. Jefferies Grp Inc Llc has invested 0% of its portfolio in J B Hunt Transport Services Inc (NASDAQ:JBHT). Brown Capital Mngmt Ltd Com holds 0.08% or 59,805 shares in its portfolio. Amp Cap Invsts Limited has 0.01% invested in the company for 24,815 shares. Magnetar Fincl Lc, a Illinois-based fund reported 4,398 shares. Sg Americas Limited Liability Com owns 1,377 shares or 0% of their US portfolio. Moreover, Retail Bank Of New York Mellon has 0.04% invested in J B Hunt Transport Services Inc (NASDAQ:JBHT) for 1.64 million shares. Twin Tree Mgmt Lp last reported 3,015 shares in the company. Victory Mngmt has 28,837 shares for 0.01% of their US portfolio. Hartford Investment Mngmt has 0.04% invested in the company for 21,231 shares. Reliant Management Ltd Com accumulated 0.25% or 3,400 shares. Mutual Of America Mngmt Llc, a New York-based fund reported 10,589 shares.
Insider Transactions: Since June 6, 2016, the stock had 0 buys, and 13 sales for $27.50 million net activity. Hobbs Nicholas also sold $50,073 worth of J B Hunt Transport Services Inc (NASDAQ:JBHT) shares. $494,460 worth of J B Hunt Transport Services Inc (NASDAQ:JBHT) was sold by HARPER ALFRED C. $4.71 million worth of J B Hunt Transport Services Inc (NASDAQ:JBHT) shares were sold by JOHNELLE HUNT LLC. THOMPSON JAMES K sold $429,424 worth of stock. $525,007 worth of J B Hunt Transport Services Inc (NASDAQ:JBHT) was sold by MEE DAVID G. GARRISON EARL WAYNE sold 50,000 shares worth $4.24M. On Monday, June 6 the insider ROBERTS JOHN N sold $4.95M.
More notable recent J B Hunt Transport Services Inc (NASDAQ:JBHT) news were published by: Nasdaq.com which released: “J.B. Hunt Transport Services Reaches Analyst Target Price” on November 15, 2016, also Businesswire.com with their article: “EPA Recognizes J.B. Hunt Transport Services, Inc. with 2016 Environmental …” published on November 11, 2016, 247Wallst.com published: “JB Hunt Posts Disappointing Earnings” on October 17, 2016. More interesting news about J B Hunt Transport Services Inc (NASDAQ:JBHT) were released by: Wsj.com and their article: “Trucker JB Hunt Will Add to Fleet in 2017” published on November 08, 2016 as well as Businesswire.com‘s news article titled: “J.B. Hunt Transport Services, Inc. Named to the Fortune 500 List Again in 2016” with publication date: June 06, 2016.
JBHT Company Profile
J.B. Hunt Transport Services, Inc., incorporated on August 10, 1961, is a holding company. The Firm is a surface transportation, delivery, and logistics firm in North America. The Company, through its subsidiaries, provides transportation and delivery services to various clients and clients throughout the continental United States, Canada and Mexico. The Firm operates through four divisions: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company’s service offerings include transportation of full truckload containerized freight, customized freight movement, revenue equipment, labor, systems and delivery services.
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