J.B. Hunt Transport Analysts Boost Their Forecasts Following Q2 Results

J.B. Hunt Transport Services, Inc. JBHT reported downbeat results for the second quarter.

JB Hunt Transport posted quarterly earnings of $1.81 per share, missing market expectations of $1.92 per share. The company’s quarterly sales came in at $3.13 billion, missing estimates of $3.31 billion.

JB Hunt Transport shares gained 2.2% to $192.25 in pre-market trading.

These analysts made changes to their price targets on J.B. Hunt Transport following earnings announcement.

• Raymond James raised the price target on J.B. Hunt Transport from $195 to $200. Raymond James analyst Patrick Tyler Brown maintained an Outperform rating.
• Barclays increased the price target on J.B. Hunt Transport from $200 to $210. Barclays analyst Brandon Oglenski maintained an Overweight rating.
• Wells Fargo raised the price target on the stock from $200 to $210. Wells Fargo analyst Allison Poliniak Cusic maintained JB Hunt Transport with an Overweight

Read This Next: Over $27M Bet On This Consumer Cyclical Stock? Check Out These 3 Penny Stocks Insiders Are Aggressively Buying