Loop Capital analyst Rick Paterson maintains $JB Hunt Transport Services (JBHT.US)$ with a hold rating, and adjusts the target price from $173 to $187.
According to TipRanks data, the analyst has a success rate of 67.6% and a total average return of 6.7% over the past year.
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 EPS of $1.49 represented a 9% decline from the same quarter the previous year, yet exceeded forecasts, driven by higher-than-expected Intermodal Load growth as shippers anticipated a potential East Coast Port strike. Following the earnings report, estimates for the company's 2024 EPS were modestly increased, while projections for 2025 remain significantly above average market expectations.
Expectations were modest, yet improved intermodal volume and yield trends suggest a somewhat more optimistic outlook for the conclusion of 2024. This comes despite worries that recent activity may have been spurred by a temporary 'pull forward'.
The firm's analysis on J.B. Hunt reflects an update to their model following the company's Q3 results, which surpassed earnings estimates. Despite this, the commentary suggests that the results closely mirrored those of previous quarters, with a noted overall lackluster demand.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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