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Headquartered in Lowell, Arkansas, J.B. Hunt Transport Services, Inc. (JBHT) is a major provider of supply chain solutions with a market cap of $17.78 billion. Known for its innovative approach to transportation and logistics, J.B. Hunt offers a comprehensive range of services, including intermodal, dedicated, truckload, and final mile delivery.
Shares of JBHT have significantly underperformed the broader market over the past year. The stock has declined 8.9% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 24.3%. In 2024, the stock is up 13.8%, while the SPX has gained 17.2% on a YTD basis.
Narrowing the focus, JBHT’s underperformance looks less pronounced when compared to the Industrial Select Sector SPDR Fund (XLI). The exchange-traded fund has gained 14.1% on a YTD basis.
On Jul. 16, J.B. Hunt Transport saw its shares fall by over 3% in pre-market trading following the release of weaker-than-expected Q2 results. The company reported earnings and revenue of $1.32 per share and $2.93 billion, missing the Wall Street expectations of $1.51 per share and 3.04 billion.
For the current fiscal year, ending in December, analysts expect JBHT’s EPS to decline 18.2% to $5.70 on a diluted basis. The company's earnings surprise history is disappointing. It missed the consensus estimate in each of the last four quarters.
Among the 19 analysts covering JBHT stock, the consensus rating is a “Moderate Buy.” That’s based on 11 “Strong Buy” ratings, one “Moderate Buy,” and seven “Holds.”
The mean price target is $180.84, representing a premium of 5% compared to JBHT’s current price levels. The Street-high price target of $211 suggests an upside potential of 22.5%.
On the date of publication, Rashmi Kumari did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
