These Analysts Revise Their Forecasts On J.B. Hunt After Q3 Results

J.B. Hunt Transport Services, Inc. JBHT posted weaker-than-expected sales for the third quarter.

J.B. Hunt Transport reported quarterly earnings of $1.80 per share, a 29.96% decrease over earnings of $2.57 per share from the same period last year. The company reported quarterly sales of $3.16 billion which missed the analyst consensus estimate of $3.20 billion, a 17.59% decrease over sales of $3.84 billion from the same period last year.

J.B. Hunt shares fell 8% to trade at $180.26 on Wednesday.

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

• BMO Capital increased the price target on J.B. Hunt from $190 to $200. BMO Capital analyst Fadi Chamoun maintained a Market Perform rating.
• Raymond James cut the price target on J.B. Hunt from $205 to $200. Raymond James analyst Patrick Tyler Brown maintained an Outperform rating.
• Susquehanna slashed the price target on J.B. Hunt from $190 to $175. Susquehanna analyst Bascome Majors maintained a Neutral rating.

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