#3 - J.B. Hunt (NASDAQ:JBHT)
J.B. Hunt (NASDAQ: JBHT) - If you’re looking for a transportation stock that’s not a railroad, it may be time to hit the road. The trucking industry as a whole has been stressed at keeping up with the demands of a growing economy. The American Trucking Association’s Tonnage Index is near record levels, but there is a lack of qualified truck drivers. And while shipping costs seem to be stabilizing, shippers will still be likely absorbing higher shipping costs for the majority of 2019. But while the industry as a whole is going through its share of turbulence, investors can still profit by investing in best-of-class companies. JBHT fits that mold. Shares of JBHT rose 15% in January and reported Q4 2018 earnings of $0.81 per share, which was a 20% decrease from the same period in 2017 but beat the consensus expectation of analysts. The company showed growth on the top line as well by reporting $2.32 billion in revenue that was a 16% year-over-year increase. And for the 14thconsecutive year, the company raised its quarterly dividend.
About J.B. Hunt Transport Services
J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.
Read More - Current Price
- $181.68
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 12 Buy Ratings, 6 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $190.11 (4.6% Upside)
