In a report released today, David Ross from Stifel Nicolaus maintained a Hold rating on JB Hunt (NASDAQ: JBHT), with a price target of $123. The company’s shares closed yesterday at $121.13.
According to TipRanks.com, Ross is a 4-star analyst with an average return of 8.9% and a 65.3% success rate. Ross covers the Services sector, focusing on stocks such as Covenant Transportation Group, Expeditors International, and Air Transport Services.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for JB Hunt with a $138.20 average price target, a 14.1% upside from current levels. In a report released today, Cowen & Co. also maintained a Hold rating on the stock with a $132 price target.
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Based on JB Hunt’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $152 million. In comparison, last year the company had a net profit of $97.87 million.
Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is negative on the stock.
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J.B. Hunt Transport Services, Inc. engages in the provision of logistics solutions. It operates through the following segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT). The JBI segment offers intermodal freight operations for rail carriers.
