J.B. Hunt: analysts cut price targets after third-quarter report
Several analysts lowered their price targets on J.B. Hunt after third-quarter results, citing higher costs and margin pressure despite strong revenue growth.
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what happened
J.B. Hunt shares drew investor attention on Friday as several analysts lowered their price targets after the third-quarter report. Revenue rose 20% year over year to $3.68 billion, beating the $3.58 billion estimate compiled by Fiscal AI. Operating income, however, grew only 2% to $247.1 million, and operating margin narrowed to 6.7% from 7.9% a year earlier. Source: stocktwits.com, citing The Fly.
Wells Fargo cut its target to $285 from $305 and kept an Overweight rating. Morgan Stanley lowered its target to $195 from $200 and kept an Underweight rating. JPMorgan trimmed its target to $283 from $287, saying most investors overestimate how quickly JBI margins can improve.
why it matters
Strong revenue alongside narrowing margins suggests growth is not yet translating into profit. Higher costs in Dedicated Contract Services and weaker Final Mile Services keep analysts cautious about a margin recovery driven by pricing.
market impact
JBHT shares: higher costs and margin pressure have prompted analysts to lower price targets
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prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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