The shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) has been pegged with a rating of Market Perform by Cowen in its latest research note that was published on April 16th, 2019. The research company has also assigned a $112 price target. Cowen wasn’t the only research firm that published a report of J.B. Hunt Transport Services, Inc., with other equities research analysts also giving their opinion on the stock. Cowen advised investors in its research note published on January 18th, 2019, to Market Perform the JBHT stock while also putting a $122 price target. The stock had earned Market Perform rating from Cowen when it published its report on July 17th, 2018. That day the Cowen set price target on the stock to $132. The stock was given Sector Weight rating by KeyBanc Capital Mkts in its report released on April 12th, 2018. Goldman was of a view that JBHT is Sell in its latest report on April 10th, 2018 while giving it a price target of $102. Argus thinks that JBHT is worth Buy rating. This was contained in the firm’s report on March 20th, 2018 in which the stock’s price target was also moved to $150.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 11 believe it has the potential for further growth, thus rating it as Hold while 10 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $119.67. The price of the stock the last time has raised by 13.46% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 39.88.
The shares of the company dipped by -4.95% during the trading session on Tuesday, reaching a low of $99.28 while ending the day at $100.28. During the trading session, a total of 3.61 million shares were traded which represents a -368560.49% decline from the average session volume which is 978.94K shares. JBHT had ended its last session trading at 105.50. J.B. Hunt Transport Services, Inc. currently has a market cap of $10.86B, while its P/E ratio stands at 22.47, while its P/E earnings growth sits at 1.26, with a beta of 1.13. J.B. Hunt Transport Services, Inc. debt-to-equity ratio currently stands at 0.55, while its quick ratio hovers at 1.10. JBHT 52-week low price stands at $88.38 while its 52-week high price is $131.74.
The company in its last quarterly report recorded $1.09 earnings per share which is below the $1.26 predicted by most analysts. The J.B. Hunt Transport Services, Inc. generated $2,089.63 million in revenue during the last quarter, which is slightly lower than the $2,208.13 million predicted by analysts. In the second quarter last year, the firm recorded $1.78 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -63.3%. J.B. Hunt Transport Services, Inc. has the potential to record 4.46 EPS for the current fiscal year, according to equities analysts.
Investment analysts at JP Morgan published a research note on January 12th, 2018 where it informed investors and clients that The Blackstone Group L.P. (NYSE:BX) is now rated as Overweight. Cowen also rated BX as Reiterated on January 18th, 2019, with its price target of $122 suggesting that BX could surge by 12.21% from its current share price. Even though the stock has been trading at $35.54/share, analysts expect it to surge higher by 0.70% to reach $40.77/share. It started the day trading at $36.25 and traded between $35.53 and $35.79 throughout the trading session.
A look at its technical shows that BX’s 50-day SMA is 34.28 while its 200-day SMA stands at 34.23. The stock has a high of $40.60 for the year while the low is $26.88. The company’s P/E ratio currently sits at 15.94, while the P/B ratio is 3.80. At the moment, only of The Blackstone Group L.P. shares were sold short. The company’s average trading volume currently stands at 2.87M shares, which means that the short-interest ratio is just 10.23 days. Over the past seven days, the company moved, with its shift of 3.89%. Looking further, the stock has raised 11.05% over the past 90 days while it gained 2.70% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Capital Research Management Co bought more BX shares, increasing its portfolio by +56.84% during the last quarter. This move now sees Capital Research Management Co purchasing 10,541,120 shares in the last quarter, thus it now holds 29,086,199 shares of BX, with a total valuation of $1,017,144,379. Merrill Lynch Pierce Fenner S meanwhile bought more BX shares in the recently filed quarter, changing its stake to $774,700,341 worth of shares. Morgan Stanley Smith Barney LLC followed the path by decreasing its BX portfolio by -12.78% in the quarter. This means that Morgan Stanley Smith Barney LLC sold -2,317,565 shares in the last quarter and now controls 15,813,799 shares of the BX stock, with the valuation hitting $553,008,551.
Similarly, JPMorgan Securities LLC increased its The Blackstone Group L.P. shares by +204.67% during the recently filed quarter. After buying 9,757,835 shares in the last quarter, the firm now controls 14,525,410 shares of The Blackstone Group L.P. which are valued at $507,953,588. In the same vein, BMO Asset Management Corp increased its The Blackstone Group L.P. shares by during the most recent reported quarter. The firm bought 5,348,408 shares during the quarter which increased its stakes to 13,779,429 shares and is now valued at $481,866,632. Following these latest developments, around 0.10% of The Blackstone Group L.P. stocks are owned by institutional investors and hedge funds.