Stifel Nicolaus Keeps Their Hold Rating on JB Hunt

By Carrie Williams

In a report issued on June 19, Michael Baudendistel from Stifel Nicolaus reiterated a Hold rating on JB Hunt (NASDAQ: JBHT), with a price target of $88. The company’s shares closed yesterday at $86.78.

According to, Baudendistel is a 3-star analyst with an average return of 1.6% and a 60.0% success rate. Baudendistel covers the Industrial Goods sector, focusing on stocks such as Wabash National Corp, Freightcar America, and Trinity Industries.

Currently, the analyst consensus on JB Hunt is Moderate Buy and the average price target is $95.60, representing a 10.2% upside.

In a report issued on June 20, BMO Capital also reiterated a Hold rating on the stock with a $95 price target.

Based on JB Hunt’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.63 billion and quarterly net profit of $103 million. In comparison, last year the company earned revenue of $1.53 billion and had a net profit of $100 million.

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J.B. Hunt Transport Services, Inc. is a logistics company. The company provides transportation and delivery services to a diverse group of customers across United States, Canada and Mexico. Its offers transportation of full truckload containerized freight, revenue equipment, labor and systems and delivery services. The company operates its business through four segments: Intermodal, Dedicated Contract Services, Integrated Capacity Solutions and Truck. The Intermodal segment utilizes arrangements with most major North American rail carriers, in order to provide intermodal freight solutions to customers. The Dedicated Contract Services segment specializes in the design, development, and execution of supply chain solutions that support a variety of transportation networks. The Integrated Capacity Solutions provides traditional freight brokerage and transportation logistics solutions to customers through relationships with thousands of third-party carriers and integration with its owned equipment. The Trucks segment offers services such as full-load, dry-van freight, and the use of tractors on roads and highways. J.B. Hunt Transport Services was founded by Johnnie Bryan Hunt and Johnnie D. Hunt on August 10, 1961 and is headquartered in Lowell, AR.,000LVB-E