#6 - J.B. Hunt Transportation Services (NASDAQ:JBHT)
J.B. Hunt Transportation Services (NASDAQ: JBHT) - One of the largest trucking firms in the United States, J.B. Hunt has seen its stock ride a roller coaster in 2019. The stock started the year on a tear climbing over 20% in the first month and a half. Since then it has given up all those gains and then some. Off of a miss in their first-quarter earnings report, analysts have given the stock a consensus “hold” rating with a 12-month price target of $113.81. However, included within these recommendations are analysts (including Deutsche Bank and Zacks Investment Research) who have downgraded the stock. When it comes to insider buying, president and CEO John Roberts purchased nearly $200,000 of the company stock as recently as May 28th. Earlier in the month, a director of the company made a $700,000 investment in the company. At issue seems to be a tug of war between a camp that believes the trucking industry is in danger of a recession due to the ongoing trade dispute with China and other factions that see JBHT’s strength in intermodal shipping. The Dow Transports Index, of which JBHT is a part, is down by more than the Dow Industrials YTD.
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
- $182.40
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 12 Buy Ratings, 6 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $190.11 (4.2% Upside)
