Stephens raises J.B. Hunt stock price target on

Stephens raises J.B. Hunt stock price target on intermodal growth

Chipmakers weigh on stocks, oil edges higher Investing.com - Stephens raised its price target on J.B. Hunt Transport Services (NASDAQ:JBHT) to $370 from $360 while maintaining an Overweight rating. The stock currently trades at $276.28, though InvestingPro analysis suggests the shares are overvalued relative to its Fair Value estimate. The firm cited the company’s second-quarter results and intermodal business performance as reasons for the adjustment.

J.B. Hunt reported double-digit volume growth in intermodal for the first time since 2016. The strong performance has contributed to an impressive 84% return over the past year, with 16 analysts recently revising their earnings estimates upward, according to InvestingPro data. For deeper insights, investors can access JBHT’s comprehensive Pro Research Report, one of 1,400+ available on the platform.

Pricing in the truck-competitive eastern network moved faster than expected, with revenue per load excluding fuel remaining positive despite mix headwinds from the East outgrowing the West by approximately 3:1. Management indicated the company left intermodal volume on the table during the quarter. The dedicated segment delivered solid results and margins despite a roughly 100 basis point year-over-year fuel headwind and modest net truck count.

Stephens sees a path back to double-digit profit growth in the dedicated business in 2027. The analyst noted management’s multiple

Source and reference

references to revenue quality and return restoration, suggesting an extended period where J.B. Hunt can grow volume, price, and margin in its largest business. The new price target reflects estimate increases offset by one-turn target price-to-earnings contraction. In other recent news, J.B. Hunt Transport Services reported second-quarter 2026 earnings that exceeded Wall Street expectations. The company achieved adjusted earnings of $1.91 per share, surpassing the average analyst estimate of $1.73, alongside revenue of $3.5 billion, which was higher than the forecasted $3.23 billion. The company’s Intermodal business significantly contributed to this performance, with a 10% increase in volume and an 11% rise in revenue per load. Additionally, the operating margin expanded by 190 basis points compared to the previous year. Evercore ISI responded to these strong earnings by raising its...

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