Analyst Christian Wetherbee from Wells Fargo maintained a Buy rating on JB Hunt (JBHT – Research Report) and keeping the price target at $150.00.
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Christian Wetherbee has given his Buy rating due to a combination of factors including JB Hunt’s strategic focus on cost savings and productivity improvements. The company has identified potential savings of approximately $165 million, which could significantly enhance profitability across its various segments, particularly in Intermodal, DCS, and ICS.
Additionally, Wetherbee anticipates that if JB Hunt achieves a substantial portion of these savings, the company could experience double-digit EPS growth even without a market recovery. This growth potential, coupled with disciplined pricing expectations and a focus on cost efficiency, positions JB Hunt favorably in the market despite current challenges.
In another report released on June 26, BMO Capital also maintained a Buy rating on the stock with a $172.00 price target.
Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of JBHT in relation to earlier this year.