On Oct 17, major Wall Street analysts update their ratings for $JB Hunt Transport Services (JBHT.US)$, with price targets ranging from $151 to $196.
Goldman Sachs analyst Jordan Alliger maintains with a buy rating, and adjusts the target price from $189 to $194.
BofA Securities analyst Ken Hoexter maintains with a buy rating, and sets the target price at $196.
Barclays analyst Brandon Oglenski maintains with a hold rating, and adjusts the target price from $170 to $175.
Evercore analyst Jonathan Chappell maintains with a buy rating, and adjusts the target price from $183 to $185.
TD Cowen analyst Jason Seidl maintains with a hold rating, and adjusts the target price from $199 to $182.
Furthermore, according to the comprehensive report, the opinions of $JB Hunt Transport Services (JBHT.US)$'s main analysts recently are as follows:
J.B. Hunt's third-quarter earnings per share (EPS) of $1.49 declined by 9% compared to the same period last year, yet surpassed the anticipated $1.35 and the consensus estimate of $1.39. This outperformance was driven by higher-than-expected Intermodal Load growth, as shippers accelerated their shipments in preparation for a potential East Coast Port strike. In light of these results, the EPS estimate for 2024 has been revised upward marginally to $5.70, while the 2025 EPS forecast remains at $7.80, notably above the consensus average of $7.27.
Expectations were moderate, but improved intermodal volume and yield trends have contributed to a slightly more positive outlook as 2024 approaches. This is despite apprehensions that recent activity may be spurred by temporary 'pull forward' measures.
The firm's analysis following J.B. Hunt's Q3 results indicates that while earnings exceeded expectations, the performance closely mirrored that of previous quarters, with the observation that demand was consistently weak.
J.B. Hunt's Q3 earnings per share surpassed the general expectations, supported by intermodal volumes that contributed to the positive outcome. Although not specified in detail, inventory strategies played a significant role in the results. Despite the positive aspects observed during the quarter, there remain challenges regarding pricing, volume, and cost savings that will require attention in the upcoming year.
Here are the latest investment ratings and price targets for $JB Hunt Transport Services (JBHT.US)$ from 8 analysts:
Note:
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