Cowen & Co. Maintains a Hold Rating on JB Hunt (JBHT)


Cowen & Co. analyst Jason Seidl maintained a Hold rating on JB Hunt (JBHT) today and set a price target of $103.00. The company’s shares closed last Tuesday at $97.89.

According to TipRanks.com, Seidl is a 5-star analyst with an average return of 9.2% and a 60.9% 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 Hold, with a price target consensus of $103.73, implying a 7.1% upside from current levels. In a report issued on April 8, Morgan Stanley also maintained a Hold rating on the stock with a $87.00 price target.

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Based on JB Hunt’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.45 billion and net profit of $145 million. In comparison, last year the company earned revenue of $2.32 billion and had a net profit of $88.68 million.

Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of JBHT in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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. The DCS segment includes private fleet conversion and final-mile delivery services. The ICS segment provides a single-source logistics management for clients who intends to outsource their transportation activities. It offers flatbed, refrigerated, expedited, less-than-truckload, dry-van, and intermodal freight services. The JBT segment is responsible for full-load, dry-van freight that is transported via roads and highways. The company was founded by Johnnie Bryan Hunt, Sr. and Johnelle D. Hunt on August 10, 1961 and is headquartered in Lowell, AR.

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