#1 - J.B. Hunt (NASDAQ:JBHT)
J.B. Hunt (NASDAQ:JBHT) is the nation’s leading trucking company and is first on this list of trucking
stocks to buy. Ninety percent of the company’s driving positions are either local or regional. This may be
an important selling point when trying to recruit new drivers. The company offers trucking jobs “in
dedicated, intermodal, truckload, and final mile divisions.”
That last area, the
final mile, has been one of the areas that have made the company an essential business
during the Covid-19 pandemic.
Investors should also be aware that the company just released its
third-quarter earnings with top and
bottom-line numbers that showed strong year-over-year (YOY) gains. And the management was quick to
point out that revenue could have been stronger if not for the labor shortages.
In the lead-up to the company’s earnings report, the company has had its price target boosted by
seven analysts. Six of the seven are above the current consensus target price for JBHT stock. That’s
almost always a bullish signal. J.B. Hunt is number 13 on the MarketBeat list of
100 TransportationStocks.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
- $190.76
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 12 Buy Ratings, 6 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $187.56 (1.7% Downside)
