Stephens Ticks Up Price Target On This Surface Transportation Company By 6%

January 4, 2022 3:07 PM | 1 min read | Make a Comment

Stephens analyst Justin Long raised J B Hunt Transport Services Inc JBHT price target to $225 (an upside of 8%) from $212 and maintained an Overweight rating on the shares.
The analyst increased his Q4, 2022, and 2023 EPS estimates and stated that he believes the "capacity-constrained, disruptive environment in 2021" helped emphasize the value of the company's strong competitive position across a variety of modes.
He also believes J B Hunt's ability to gain share in large addressable markets should result in an attractive long-term growth story.
Price Action: JBHT shares are trading higher by 3% at $207.90 on the last check Tuesday.