Cowen & Co. Sticks to Their Hold Rating for JB Hunt

By Ryan Adsit

Cowen & Co. analyst Jason Seidl maintained a Hold rating on JB Hunt (NASDAQ: JBHT) today and set a price target of $123. The company’s shares opened today at $119.75, close to its 52-week high of $126.49.

According to TipRanks.com, Seidl is a 5-star analyst with an average return of 16.6% and a 66.3% success rate. Seidl covers the Services sector, focusing on stocks such as Covenant Transportation Group, Expeditors International, and Echo Global Logistics.

Currently, the analyst consensus on JB Hunt is Moderate Buy and the average price target is $130.27, representing an 8.8% upside.

In a report issued on April 11, KeyBanc also downgraded the stock to Hold.

The company has a one-year high of $126.49 and a one-year low of $83.35. Currently, JB Hunt has an average volume of 1.03M.

Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock.

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J.B. Hunt Transport Services, Inc. engages in the provision of logistics solutions. It operates through the following segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT). The JBI segment offers intermodal freight operations for rail carriers.