Wells Fargo Reaffirms Their Buy Rating on JB Hunt (JBHT)

Wells Fargo analyst Christian Wetherbee maintained a Buy rating on JB Hunt yesterday and set a price target of $250.00. The company’s shares closed yesterday at $272.52.

Memorial Day Sale – Claim 70% Off TipRanks

• Unlock trusted, data-backed investing tools with TipRanks Premium, from analyst ratings and forecasts to breaking news and portfolio analysis.
• Discover high-conviction stock picks and new investing opportunities with the TipRanks Smart Investor Newsletter

According to TipRanks, Wetherbee is a 5-star analyst with an average return of 15.5% and a 64.03% success rate. Wetherbee covers the Industrials sector, focusing on stocks such as FedEx, American Airlines, and Delta Air Lines.

Currently, the analyst consensus on JB Hunt is a Moderate Buy with an average price target of $238.45.

Based on JB Hunt’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.06 billion and a net profit of $141.55 million. In comparison, last year the company earned a revenue of $2.92 billion and had a net profit of $117.74 million

Based on the recent corporate insider activity of 62 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. Earlier this month, Spencer Frazier, the EVP of Sales and Marketing of JBHT sold 2,000.00 shares for a total of $516,400.00.