Street Calls of the Week
Investing.com - TD Cowen has reiterated its Hold rating on J.B. Hunt Transport Services (NASDAQ:JBHT) with a price target of $152.00. The target aligns with InvestingPro’s Fair Value analysis, which suggests the stock is currently undervalued at its present price of $138.83.
The firm maintained its position on the transportation company following a comprehensive investor day held in New York City on October 15. The company, which has maintained dividend payments for 22 consecutive years and operates with a moderate debt level, currently shows a FAIR financial health score.
TD Cowen noted that the investor day highlighted accelerating growth and expanded 2028 key performance indicators, which include a $1.20+ adjusted net income target and several longer-term guideposts.
The research firm stated it generally views the update favorably, though it observed that the expanded 2028 adjusted net income guidance aligns with its recent forecast.
TD Cowen also mentioned adjustments to its 2025-2026 estimates and initiated its 2027 estimate at $1.00, while slightly increasing its 12-month price target by $0.50 to $13.00.
In other recent news, J.B. Hunt Transport Services reported an impressive third-quarter earnings performance, with earnings per share of $1.76, surpassing analyst expectations of $1.46. The company’s strong execution resulted in $20 million in quarterly cost savings, contributing to this earnings outperformance. Despite flat revenue, J.B. Hunt’s efficient cost management allowed for a significant improvement in margins, which was highlighted by several analysts. Following these results, BMO Capital raised its price target for J.B. Hunt to $180, citing the company’s progress toward its $100 million cost-saving goal. Evercore ISI also increased its price target to $168, maintaining an Outperform rating due to the company’s better-than-expected earnings. Truist Securities and Stifel both raised their price targets to $155 and $147, respectively, acknowledging the company’s strong execution and cost-saving measures. These developments reflect a positive outlook from analysts regarding J.B. Hunt’s financial performance and strategic initiatives.
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