Stephens analyst Daniel Imbro has revised the price target for J.B. Hunt Transport Services, Inc. (JBHT, Financial), bringing it down slightly from $170 to $165. Despite this adjustment, the analyst maintains an Overweight rating on the company's shares following the recent release of J.B. Hunt's first-quarter results. The earnings were largely consistent with the company's previous guidance, though expectations were modestly higher among some investors.
The analysis from Stephens reflects a cautious optimism, as the company's performance aligned with initial projections for the year. This alignment suggests a stable start to 2023 for J.B. Hunt, reinforcing the decision to uphold its current rating.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 22 analysts, the average target price for JB Hunt Transport Services Inc (JBHT, Financial) is $168.18 with a high estimate of $202.00 and a low estimate of $133.00. The average target implies an upside of 24.48% from the current price of $135.11. More detailed estimate data can be found on the JB Hunt Transport Services Inc (JBHT) Forecast page.
Based on the consensus recommendation from 26 brokerage firms, JB Hunt Transport Services Inc's (JBHT, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for JB Hunt Transport Services Inc (JBHT, Financial) in one year is $174.84, suggesting a upside of 29.41% from the current price of $135.11. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the JB Hunt Transport Services Inc (JBHT) Summary page.
