Susquehanna Believes JB Hunt (NASDAQ: JBHT) Won’t Stop Here

By Ryan Adsit

In a report released yesterday, Bascome Majors from Susquehanna reiterated a Buy rating on JB Hunt (NASDAQ: JBHT), with a price target of $143. The company’s shares closed yesterday at $119.75, close to its 52-week high of $126.49.

According to TipRanks.com, Majors is a 4-star analyst with an average return of 17.9% and a 76.9% success rate. Majors covers the Services sector, focusing on stocks such as Expeditors International, Echo Global Logistics, and Kansas City Southern.

Currently, the analyst consensus on JB Hunt is Moderate Buy and the average price target is $130.45, representing an 8.9% upside.

In a report issued on April 2, Deutsche Bank also upgraded the stock to Buy with a $141 price target.

JB Hunt’s market cap is currently $13.14B and has a P/E ratio of 19.35. The company has a book value ratio of 7.1455.

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

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.