JB Hunt (JBHT) Receives a Rating Update from a Top Analyst

TD Cowen analyst Jason Seidl maintained a Hold rating on JB Hunt yesterday and set a price target of $209.00.

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Seidl covers the Industrials sector, focusing on stocks such as CSX, Hub Group, and RXO, Inc.. According to TipRanks, Seidl has an average return of 22.6% and a 68.74% success rate on recommended stocks.

In addition to TD Cowen, JB Hunt also received a Hold from Citi’s Ariel Rosa in a report issued on April 7. However, on April 8, Benchmark Co. maintained a Buy rating on JB Hunt (NASDAQ: JBHT).

Based on JB Hunt’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.1 billion and a net profit of $181.07 million. In comparison, last year the company earned a revenue of $3.15 billion and had a net profit of $155.45 million

Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of JBHT in relation to earlier this year. Last month, Spencer Frazier, the EVP of Sales and Marketing of JBHT bought 67.00 shares for a total of $8,923.73.