J.B. Hunt Transport Services (JBHT) : The consensus price target for J.B. Hunt Transport Services (JBHT) is $90.92 for the short term with a standard deviation of $4.6. The most optimist securities analyst among the 12 who monitor the stock believes that the stock can reach $96, however, the pessimist price target for the company is $84.
J.B. Hunt Transport Services (JBHT) : 17 analysts are covering J.B. Hunt Transport Services (JBHT) and their average rating on the stock is 1.88, which is read as a Buy. 9 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. J.B. Hunt Transport Services (JBHT) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Also, Buckingham Research upgrades its view on J.B. Hunt Transport Services (NASDAQ:JBHT) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Earlier, the shares had a rating of Neutral. The rating by the firm was issued on July 26, 2016.
J.B. Hunt Transport Services (NASDAQ:JBHT): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $79.57 and $79.57 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $80.64. The buying momentum continued till the end and the stock did not give up its gains. It closed at $80.63, notching a gain of 1.56% for the day. The total traded volume was 714,975 . The stock had closed at $79.39 on the previous day.
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.