JP Morgan has announced a change in its price target for JB Hunt Transport Services (JBHT, Financial), raising it from $150.00 to $159.00. The revised target reflects a 6% increase from the previous evaluation. This adjustment indicates a positive outlook for JBHT and comes from the analysis conducted by Brian Ossenbeck from JP Morgan.
The financial services firm has decided to maintain its "Overweight" rating for JBHT, consistent with its previous assessment. This decision suggests that JP Morgan anticipates that JBHT will outperform its peers in the transport sector over the coming months.
The updated price target and sustained "Overweight" rating may influence investor sentiment and market dynamics for JBHT. Market participants will be watching closely to see if the company meets or exceeds these adjusted expectations in its financial performance.
As of the latest report, JB Hunt Transport Services (JBHT, Financial) continues to be a focus for investors and analysts alike, with JP Morgan's update adding to the discourse around the stock's potential movement.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 23 analysts, the average target price for JB Hunt Transport Services Inc (JBHT, Financial) is $154.53 with a high estimate of $175.00 and a low estimate of $130.00. The average target implies an upside of 0.49% from the current price of $153.77. More detailed estimate data can be found on the JB Hunt Transport Services Inc (JBHT) Forecast page.
Based on the consensus recommendation from 27 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 $171.01, suggesting a upside of 11.21% from the current price of $153.77. 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.
