Buckingham Research Upgrades J B Hunt Transport Services Inc to Buy

Brokerage firm Buckingham Research Upgrades its rating on J B Hunt Transport Services Inc(NASDAQ:JBHT). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by Buckingham Research was issued on Jul 26, 2016.

In a different note, On Jul 19, 2016, Morgan Stanley said it Maintains its rating on J B Hunt Transport Services Inc. In the research note, the firm Lowers the price-target to $88.00 per share. The shares have been rated ‘Equalweight’ by the firm. On Jul 19, 2016, UBS said it Maintains its rating on J B Hunt Transport Services Inc. In the research note, the firm Lowers the price-target to $90.00 per share. The shares have been rated ‘Neutral’ by the firm.

J B Hunt Transport Services Inc (JBHT) shares turned negative on Fridays trading session with the shares closing down -0.04 points or -0.05% at a volume of 5,87,802. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $83.64. The peak price level was also seen at $83.64 while the days lowest was $82.36. Finally the shares closed at $83.13. The 52-week high of the shares is $89.43 while the 52-week low is $63.58. According to the latest information available, the market cap of the company is $9,365 M.

J B Hunt Transport Services Inc has also declared a cash dividend of $0.2200 on Jul 21, 2016. The shares will quote ex-dividend on Aug 3, 2016 and the record date has been fixed on Aug 5, 2016. The dividend payable date has been fixed on Aug 19, 2016.

J B Hunt Transport Services Inc(JBHT) last announced its earnings results on Jul 18, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.61B. Analysts had an estimated revenue of $1.62B. Earnings per share were $0.92. Analysts had estimated an EPS of $0.98.

Several Insider Transactions has been reported to the SEC. On Jun 8, 2016, John N Roberts (President and CEO) sold 60,000 shares at $82.49 per share price.Also, On Jun 3, 2016, James K Thompson (Chairman of the Board) sold 5,000 shares at $82.14 per share price.On Mar 18, 2016, Nicholas Hobbs (EVP, President DCS) sold 3,640 shares at $82.43 per share price, according to the Form-4 filing with the securities and exchange commission.

J.B. Hunt Transport Services Inc. is a holding company that together with its wholly owned subsidiaries is engaged in providing surface transportation delivery and logistics services. The Company operates in four segments: Intermodal (JBI) Dedicated Contract Services (DCS) Integrated Capacity Solutions (ICS) and Truck (JBT). The JBI segment includes freight that is transported by rail and certain repositioning truck freight moved by JBI equipment or third-party carriers. DCS segment includes company-owned and customer-owned DCS-operated revenue equipment and employee drivers assigned to a specific customer traffic lane or service. ICS provides non-asset and asset-light transportation solutions. ICS services include flatbed refrigerated and less-than-truckload (LTL) as well as a variety of dry-van and intermodal solutions. JBT business includes full-load dry-van freight that is typically transported utilizing company-owned or company-controlled revenue equipment.

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