BofA Securities analyst Ken Hoexter maintains $JB Hunt Transport Services (JBHT.US)$ with a buy rating.
According to TipRanks data, the analyst has a success rate of 53.3% and a total average return of 5.1% 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:
Transportation equities are poised to potentially benefit from the reduction in U.S. corporate tax rates following the election results. With the anticipation of higher market multiples and a more positive outlook for cyclical U.S. industrial exposure, there has been an adjustment in price targets across the sector.
Sentiment for North America transports is noted to have 'rapidly improved', even in light of mixed Q3 earnings reports and generally cautious Q4 outlooks. The concern now lies in the possibility that investors may be pursuing stocks that have already experienced significant increases, with the expectation that companies will have to surpass estimates by a wide margin to justify their current market valuations. There is also a rising apprehension that earnings for the year 2025 might not meet expectations.
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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