JBHT: BUY - 166, TP - 185, SL - 158
JB Hunt Transport Services Inc (JBHT)
Report on 18/04/2022 transportation services
BUY - 166
TP - 185
SL - 158
The fall from the peak of 218$ in the middle of March is mainly due to overall market trends and pricing in the potential recession in transportation which can be caused by FED rate hike and subsequent overalll economic activity slowdown. Similar downtrends can be seen in XPO, FDX, UPS charts.
What concerns JBHT itself, no major negative signs were observed. Vice verse recently analysts' expectations on 1Q2022 results were raised, which could be a signal of forecast beat once again. During last 2 years all quartetly reports have come exceeding expectations. Company has strongly diversified client base, rather small long-term debts as of balance sheet, good profitability margins.
In general the market gives an opportunity to enter LONG position on attractive price. Average analyst price target is 212$, which I myself see as appropriate today's value of the company.
Report on 18/04/2022 transportation services
BUY - 166
TP - 185
SL - 158
The fall from the peak of 218$ in the middle of March is mainly due to overall market trends and pricing in the potential recession in transportation which can be caused by FED rate hike and subsequent overalll economic activity slowdown. Similar downtrends can be seen in XPO, FDX, UPS charts.
What concerns JBHT itself, no major negative signs were observed. Vice verse recently analysts' expectations on 1Q2022 results were raised, which could be a signal of forecast beat once again. During last 2 years all quartetly reports have come exceeding expectations. Company has strongly diversified client base, rather small long-term debts as of balance sheet, good profitability margins.
In general the market gives an opportunity to enter LONG position on attractive price. Average analyst price target is 212$, which I myself see as appropriate today's value of the company.
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