J.B. Hunt Transport Services (JBHT) : Zacks Investment Research ranks J.B. Hunt Transport Services (JBHT) as 3, which is a Hold recommendation. 9 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 17 research analysts is 1.88, which indicates as a Buy.
J.B. Hunt Transport Services (JBHT) : The highest short term price target forecast on J.B. Hunt Transport Services (JBHT) is $96 and the lowest target price is $77. A total of 13 equity analysts are currently covering the company. The average price of all the analysts is $89.46 with a standard deviation of $5.65.
Also, In a research note released to the investors, Buckingham Research upgrades its rating on J.B. Hunt Transport Services (NASDAQ:JBHT).The analysts at the brokerage house have a current rating of Buy on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on July 26, 2016.
J.B. Hunt Transport Services (NASDAQ:JBHT): After opening at $80.46, the stock dipped to an intraday low of $80.01 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $82.02 and the buying power remained strong till the end. The stock closed at $81.54 for the day, a gain of 1.41% for the day session. The total traded volume was 688,929. The stocks close on the previous trading day was $80.41.
J.B. Hunt Transport Services, Inc. is a holding company that, together with its wholly owned subsidiaries, is engaged in providing surface transportation, delivery and logistics services. The Company operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The JBI segment includes freight that is transported by rail and certain repositioning truck freight moved by JBI equipment or third-party carriers. DCS segment includes company-owned and customer-owned DCS-operated revenue equipment and employee drivers assigned to a specific customer, traffic lane or service. ICS provides non-asset and asset-light transportation solutions. ICS services include flatbed, refrigerated, and less-than-truckload (LTL), as well as a variety of dry-van and intermodal solutions. JBT business includes full-load, dry-van freight that is typically transported utilizing company-owned or company-controlled revenue equipment.