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Analysts Offer Insights on Industrial Goods Companies: JB Hunt (JBHT), EquipmentShare.com, Inc. (EQPT) and Ryder System (R)

Tipranks - Sat Jun 6, 8:28AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on JB Hunt (JBHT), EquipmentShare.com, Inc. (EQPT) and Ryder System (R) with bullish sentiments.

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JB Hunt (JBHT)

In a report released today, Christian Wetherbee from Wells Fargo assigned a Buy rating to JB Hunt, with a price target of $310.00. The company’s shares closed last Thursday at $283.31.

According to TipRanks.com, Wetherbee is a 5-star analyst with an average return of 15.5% and a 63.5% success rate. Wetherbee covers the Industrial Goods sector, focusing on stocks such as United Airlines Holdings, Knight Transportation, and Old Dominion Freight. ;'>

JB Hunt has an analyst consensus of Moderate Buy, with a price target consensus of $244.05, implying a -13.7% downside from current levels. In a report released today, BMO Capital also maintained a Buy rating on the stock with a $320.00 price target.

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EquipmentShare.com, Inc. (EQPT)

In a report released yesterday, Jerry Revich from Wells Fargo reiterated a Buy rating on EquipmentShare.com, Inc., with a price target of $32.00. The company’s shares closed last Thursday at $20.44, close to its 52-week low of $17.95.

According to TipRanks.com, Revich is a 5-star analyst with an average return of 9.2% and a 56.9% success rate. Revich covers the Industrial Goods sector, focusing on stocks such as Westinghouse Air Brake Technologies, Republic Services, and Waste Connections. ;'>

Currently, the analyst consensus on EquipmentShare.com, Inc. is a Moderate Buy with an average price target of $36.71.

Ryder System (R)

In a report released today, Robert Salmon from Wells Fargo assigned a Buy rating to Ryder System, with a price target of $290.00. The company’s shares closed last Thursday at $264.96.

Salmon has an average return of 25.6% when recommending Ryder System. ;'>

According to TipRanks.com, Salmon is ranked #2841 out of 12301 analysts.

Currently, the analyst consensus on Ryder System is a Strong Buy with an average price target of $261.00.

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