JB Hunt (JBHT) Receives a Hold from Cowen & Co.

By Austin Angelo

Cowen & Co. analyst Jason Seidl maintained a Hold rating on JB Hunt (JBHTResearch Report) today and set a price target of $108.00. The company’s shares closed last Monday at $111.60, close to its 52-week high of $116.25.

According to TipRanks.com, Seidl is a top 100 analyst with an average return of 13.7% and a 69.7% 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 a Hold with an average price target of $115.71, representing a 6.2% upside. In a report issued on October 8, Susquehanna also downgraded the stock to Hold with a $119.00 price target.

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Based on JB Hunt’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $134 million. In comparison, last year the company had a net profit of $131 million.

Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of JBHT in relation to earlier this year.

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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.