J.B. Hunt Transport Services (JBHT) October 170 straddle priced into quarter results

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CFRA Downgrades J.B. Hunt Transport Services (JBHT) to Sell

October 16, 2024 4:19 PM EDT

CFRA analyst Emily Nasseff Mitsch downgraded J.B. Hunt Transport Services (NASDAQ: JBHT) from Hold to Sell with a price target of $151.00 (from $174.00).

The analyst comments "We lower our 12-month target $23 to $151 on a forward P/E of 20.4x our 2025 EPS estimate, in line with the five-year average. We cut our... More

Goldman Sachs Reiterates Buy Rating on J.B. Hunt Transport Services (JBHT)

October 16, 2024 6:04 AM EDT

Goldman Sachs analyst Jordan Alliger reiterated a Buy rating and $194.00 price target on J.B. Hunt Transport Services (NASDAQ: JBHT).

The analyst comments "Bottom Line: JBHT reported 3Q EPS at $1.49, which was ahead of GS/FactSet consensus of $1.36/$1.39. Importantly about 50% of the EBIT beat was tied to intermodal as margin came in at 7.2% relative to our... More

J.B. Hunt Transport Services (JBHT) PT Raised to $185 at Evercore ISI

October 16, 2024 5:58 AM EDT

Evercore ISI analyst Jonathan Chappell raised the price target on J.B. Hunt Transport Services (NASDAQ: JBHT) to $185.00 (from $183.00) while maintaining a Outperform rating.

The analyst comments "JBHT posted 3Q24 EPS of $1.49, beating our estimate of $1.38 and the average Street forecast of $1.39, on stronger-than-expected intermodal volumes and margins at the brokerage business (ICS). Indeed, the 5% year-over-year volume increase, helped by 7% growth on... More

J.B. Hunt Transport Services (JBHT) PT Raised to $204 at Citi

October 16, 2024 5:55 AM EDT

Citi analyst Ariel Rosa raised the price target on J.B. Hunt Transport Services (NASDAQ: JBHT) to $204.00 (from $201.00) while maintaining a Buy rating.

The analyst comments "JBHT outperformed low expectations, with the +8% after-hours move in the stock signaling a sigh of relief from... More

J.B. Hunt Transport Services (JBHT) PT Raised to $175 at Barclays

October 16, 2024 5:47 AM EDT

Barclays analyst Brandon Oglenski raised the price target on J.B. Hunt Transport Services (NASDAQ: JBHT) to $175.00 (from $160.00) while maintaining a Equalweight rating.

The analyst comments "Where we stand: For the first time in several quarters, J.B. Hunt delivered results ahead of expectations, perhaps a sign for better times ahead in the transport world. Nonetheless, we note consensus was materially reduced over the past several quarters, creating relatively low expectations for todays 3Q result. Relative to our model, core Intermodal segment revenue beat our expectations with both stronger volumes (up 5% versus our... More