In a report released today, Jason Seidl from Cowen & Co. maintained a Hold rating on JB Hunt (NASDAQ: JBHT), with a price target of $132. The company’s shares closed yesterday at $121.13.
According to TipRanks.com, Seidl is a top 100 analyst with an average return of 18.8% and a 73.7% success rate. Seidl covers the Services sector, focusing on stocks such as Covenant Transportation Group, Expeditors International, and Echo Global Logistics.
JB Hunt has an analyst consensus of Moderate Buy, with a price target consensus of $134.14.
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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.
