UPDATE: Benchmark Starts J.B. Hunt Transport Services (JBHT) at Buy

May 16, 2022 4:27 PM EDT
Get Alerts JBHT Hot Sheet
Price: $157.47 --0%

Rating Summary:
    22 Buy, 13 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 3 | Down: 11 | New: 10
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(Updated - May 17, 2022 9:11 AM EDT)

Benchmark analyst Chris Kunh initiates coverage on J.B. Hunt Transport Services (NASDAQ: JBHT) with a Buy rating and a price target of $215.00.

The analyst comments "We are initiating coverage of J.B. Hunt Transport Services, Inc. (JBHT) with a Buy rating and $215 price target. We think intermodal volume growth will turn positive in 2022 as rail congestion eases and JBHT onboards additional containers to its fleet. Intermodal pricing should stay strong for the first half of the year given a solid bid season. Dedicated Contract Services revenue will remain strong as the company adds additional new trucks to its platform. We think J.B. Hunt 360, its online multimodal platform in the ICS segment, gives JBHT a competitive advantage and provides visibility for their customers’ entire supply chains. Its innovative 360box program, which utilizes the J.B. Hunt 360 platform to offer drop trailer solutions to customers, is transforming its Truckload segment to an asset light model which will improve ROIC. Valuation is attractive at 17x our 2023 estimate which is below its 5- and 10-year averages of 23x and 20x respectively."

For an analyst ratings summary and ratings history on J.B. Hunt Transport Services click here. For more ratings news on J.B. Hunt Transport Services click here.

Shares of J.B. Hunt Transport Services closed at $176.44 yesterday.


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