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JP Morgan announced JB Hunt Transport Services (NDAQ:JBHT), boosting its stock price target to $107.00 today

Just yesterday JB Hunt Transport Services (NDAQ:JBHT) traded 1.22% higher at $85.10. JB Hunt Transport Services’s 50-day moving average is $104.46 and its 200-day moving average is $94.03. The last stock price is down 14.72% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.01% over the same time period. 26,532 shares of JBHT traded hands, down from an average trading volume of 931,683

In a report released on 05/23/2017 JP Morgan increased the stock price target of JB Hunt Transport Services (NDAQ:JBHT) to $107.00 reporting a possible upside of 0.26%.

Previously on 04/20/2017, Cowen released a statement about JB Hunt Transport Services (NDAQ:JBHT) reduced the target price from $102.00 to $101.00. At the time, this indicated a possible upside of 0.13%.

Recent Performance Chart

JB Hunt Transport Services (NDAQ:JBHT)

JB Hunt Transport Services has 52 week low of $76.89 and a 52 week high of $111.98 with a PE ratio of 28.75 and has a market capitalization of $0.

In addition to JP Morgan reporting its stock price target, a total of 23 brokerages have issued a ratings update on the company. The average stock price target is $85.83 with 0 brokerages rating the stock a strong buy, 0 brokerages rating the stock a buy, 0 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On JB Hunt Transport Services (NDAQ:JBHT)

J.B. Hunt Transport Services, Inc. is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico. The JBI segment draws on the intermodal services of rail carriers for the underlying linehaul movement of its equipment between rail ramps. Its DCS segment focuses on private fleet conversion and creation in replenishment, specialized equipment and final-mile delivery services. Its ICS segment provides traditional freight brokerage and transportation logistics solutions to customers through relationships with third-party carriers and integration. Its JBT segment offers full-load, dry-van freight, utilizing tractors operating over roads and highways.

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