The stock of J B Hunt Transport Services Inc (NASDAQ:JBHT) hit a new 52-week high and has $99.73 target or 7.00% above today’s $93.21 share price. The 9 months bullish chart indicates low risk for the $10.57 billion company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $99.73 price target is reached, the company will be worth $739.90M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 313,693 shares traded hands. J B Hunt Transport Services Inc (NASDAQ:JBHT) has risen 10.57% since April 25, 2016 and is uptrending. It has outperformed by 4.56% the S&P500.
Analysts await J B Hunt Transport Services Inc (NASDAQ:JBHT) to report earnings on January, 19. They expect $1.00 earnings per share, down 0.99% or $0.01 from last year’s $1.01 per share. JBHT’s profit will be $113.40 million for 23.30 P/E if the $1.00 EPS becomes a reality. After $0.97 actual earnings per share 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. Buckingham Research upgraded the stock to “Buy” rating in Tuesday, July 26 report. Bernstein maintained the shares of JBHT in a report on Tuesday, April 19 with “Outperform” rating. The firm has “Neutral” rating by Buckingham Research given on Friday, April 15. Bank of America maintained J B Hunt Transport Services Inc (NASDAQ:JBHT) rating on Monday, February 22. Bank of America has “Buy” rating and $86 price target. On Friday, August 21 the stock rating was upgraded by Vetr to “Buy”. Bank of America upgraded the shares of JBHT in a report on Friday, September 11 to “Buy” rating. As per Thursday, October 15, the company rating was maintained by Cowen & Co. On Friday, October 9 the stock rating was initiated by UBS with “Neutral”. The company was upgraded on Tuesday, January 12 by Wolfe Research. Credit Suisse maintained J B Hunt Transport Services Inc (NASDAQ:JBHT) rating on Tuesday, April 19. Credit Suisse has “Outperform” rating and $96 price target.
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 dropped, 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.
Moreover, Nuance Invs Limited Liability Com has 0.15% invested in J B Hunt Transport Services Inc (NASDAQ:JBHT) for 18,394 shares. Ruggie Cap Gp accumulated 0% or 50 shares. Blackrock Lc holds 0.01% of its portfolio in J B Hunt Transport Services Inc (NASDAQ:JBHT) for 106,403 shares. Suntrust Banks last reported 25,678 shares in the company. Moreover, Kbc Grp Nv has 0.01% invested in J B Hunt Transport Services Inc (NASDAQ:JBHT) for 11,838 shares. U S Glob holds 6,700 shares or 0.3% of its portfolio. Parametric Port Associate Ltd Llc has 0.03% invested in the company for 263,380 shares. Numeric Invsts Ltd Liability holds 0.01% of its portfolio in J B Hunt Transport Services Inc (NASDAQ:JBHT) for 13,300 shares. Trillium Asset Mngmt holds 0.91% or 170,672 shares in its portfolio. Ny State Teachers Retirement Sys accumulated 156,808 shares or 0.03% of the stock. Mycio Wealth Ptnrs last reported 46 shares in the company. Paloma Prtnrs accumulated 12,371 shares or 0.01% of the stock. Lazard Asset Mgmt Ltd Liability Corporation accumulated 0% or 13,579 shares. Van Eck Assocs, a New York-based fund reported 949 shares. Cg Asset Mgmt Limited Liability Corporation holds 5,700 shares or 0.18% of its portfolio.
Insider Transactions: Since June 6, 2016, the stock had 0 buys, and 13 sales for $27.50 million net activity. On Wednesday, October 26 the insider THOMPSON JAMES K sold $429,424. $494,460 worth of J B Hunt Transport Services Inc (NASDAQ:JBHT) was sold by HARPER ALFRED C on Monday, August 1. Another trade for 50,000 shares valued at $4.24 million was made by GARRISON EARL WAYNE on Tuesday, November 8. The insider ROBERTS JOHN N sold $4.95M. $50,073 worth of J B Hunt Transport Services Inc (NASDAQ:JBHT) shares were sold by Hobbs Nicholas. $525,007 worth of J B Hunt Transport Services Inc (NASDAQ:JBHT) was sold by MEE DAVID G on Monday, August 8. MATTHEWS TERRENCE D sold 10,000 shares worth $825,000.
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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