TD Cowen has revised its price target for J.B. Hunt Transport Services Inc. (JBHT, Financial), reducing it from $160 to $140. Despite this, the firm maintains a Hold rating on the company's shares. The adjustment follows J.B. Hunt's recent earnings report, where the company slightly exceeded expectations due to record intermodal (IM) volumes that contributed to a modest performance boost.
However, TD Cowen highlights concerns about the challenges J.B. Hunt faces moving forward. The intermodal bidding season has progressively worsened since the previous quarter, which, coupled with mix-related headwinds, is likely to exert additional pressure on the company's margins.
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.
