JB Hunt Maintains Hold Rating from Bernstein Analyst

Bernstein analyst David Vernon maintains a Hold rating on JB Hunt with a price target of $148.00, citing the company's recent earnings release for the quarter ending June 30. The analyst consensus is Moderate Buy with a price target consensus of $160.59, a 12.67% upside from current levels. Vernon has an average return of 8.4% and a 57.76% success rate on recommended stocks.

J.B. Hunt Transport Services (JBHT) has seen a mixed response from analysts following its recent earnings release for the quarter ending June 30. Bernstein analyst David Vernon maintains a Hold rating on JBHT with a price target of $148.00, citing the company's recent performance [1]. Meanwhile, the overall analyst consensus is a Moderate Buy with a price target consensus of $160.59, indicating a 12.67% upside from current levels [1].

Vernon, known for his average return of 8.4% and a 57.76% success rate on recommended stocks, has expressed caution about the company's recent earnings. He believes that the current price reflects the market's expectations for the company's future performance, and thus, a Hold rating is justified [1].

On the other hand, the consensus rating of Moderate Buy suggests that analysts generally view JBHT as a good investment opportunity. The average price target of $160.59 reflects a bullish sentiment, with analysts expecting the stock to appreciate by 12.67% from its current price of $176.87 [1].

Investors should consider both perspectives when evaluating JBHT. While Vernon's Hold rating suggests caution, the overall consensus indicates a positive outlook. It is essential to conduct thorough research and consider both the short-term and long-term prospects of the company before making any investment decisions.

References:
[1] https://www.marketbeat.com/stocks/NASDAQ/JBHT/forecast/