#4 - J.B. Hunt Transport Services (NASDAQ:JBHT)
Turning our attention to the trucking sector, we start with J.B. Hunt Transportation Services (NASDAQ:JBHT). As expected, the JBHT stock price has had a positive correlation with the price of oil. In mid-March when oil prices reached their peak, shares of JBHT were 28% higher than the previous year.
The company has been posting record revenue in each of the last two quarters. And if you take the lead from the analyst community, they may be likely to do it again. J.B. Hunt has been receiving bullish upgrades in March. Analysts tend to be cautious so when they start boosting a company’s price target a month prior to earnings, it’s always a bullish sign.
And that’s where this comes back to the supply chain. With summer approaching, fuel prices are only going to go higher but cargo has to reach its destination. Almost certain revenue growth along with a dividend that the company has been increasing for 20 years makes JBHT stock a solid choice.
About J.B. Hunt Transport Services
J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.
Read More - Current Price
- $167.00
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 10 Buy Ratings, 6 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $194.24 (16.3% Upside)
