How Analysts View J.B. Hunt ahead of Q1 Results



Analysts’ recommendations

According to analysts’ ratings, J.B. Hunt Transport Service (JBHT) could be an intriguing choice for investors, as they see massive upside potential in the largest trucking stock. J.B. Hunt has received a consensus rating of ~2.17 and a consensus “buy” recommendation from analysts polled by Reuters.

Approximately 52% of analysts have provided a bullish recommendation on J.B. Hunt, and the remaining give the stock a “hold.” None of the analysts have given the stock a negative rating.

Seven of the 23 analysts had a “strong buy” recommendation, five analysts had a “buy” recommendation, and the remaining 11 analysts had a “hold” recommendation. Analysts’ target price of $119.06 represents a 16.3% increase from the current price of $102.38.

J.B. Hunt’s four consecutive quarters of strong top and bottom-line results drove the bullish sentiments. The company’s revenues and adjusted EPS surpassed the respective Wall Street’s estimates and marked significant year-over-year improvement in all the trailing four quarters. Going forward, analysts believe that the trucking company will continue to benefit from a healthy logistics market and a growing US economy.

Analysts seem to be bullish on the entire transportation sector (IYT). Analysts provided a “buy” rating for most of J.B. Hunt’s competitors. The one-year target prices for XPO Logistics (XPO), USA Truck (USAK), and Hub Group (HUBG) show potential upsides of 27.5%, 80.4%, and 23.2%, respectively, from their current prices.

Stock price performance

J.B. Hunt has gained 10% in the YTD period. J.B. Hunt’s stock has outperformed the returns of the majority of its peers. USA Truck’s YTD gains have remained flat, while XPO Logistics’ shares are up 7.3%. Hub Group stock has returned 14.3% during the same timeframe.

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