Benchmark has reduced its price target for J.B. Hunt Transport Services Inc. (JBHT, Financial), lowering it from $175 to $165, while maintaining a Buy rating on the stock. This adjustment follows the company's first-quarter earnings report.
The firm remains optimistic about J.B. Hunt's prospects over the long term, citing the company's robust service levels and its capacity to leverage previous investments effectively once the freight market rebounds. These factors are seen as supportive of sustained earnings per share (EPS) growth.
However, Benchmark cautions that investor patience might dwindle as the company experiences sluggishness in Intermodal price increases and sees delays in achieving mid-cycle earnings targets. This tempered outlook reflects concerns over the pace of recovery in J.B. Hunt's business segments.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 22 analysts, the average target price for JB Hunt Transport Services Inc (JBHT, Financial) is $157.05 with a high estimate of $200.00 and a low estimate of $133.00. The average target implies an upside of 25.91% from the current price of $124.73. More detailed estimate data can be found on the JB Hunt Transport Services Inc (JBHT) Forecast page.
Based on the consensus recommendation from 26 brokerage firms, JB Hunt Transport Services Inc's (JBHT, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for JB Hunt Transport Services Inc (JBHT, Financial) in one year is $174.71, suggesting a upside of 40.07% from the current price of $124.73. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the JB Hunt Transport Services Inc (JBHT) Summary page.
