J.B. Hunt Transport Services Inc., an American transportation and logistics company, has been the focus of extensive news coverage. Key updates include stock purchases by Lecap Asset Management Ltd and Heritage Oak Wealth Advisors LLC, indicating investor confidence in the company. The firm's Q3 2024 earnings call highlighted revenue navigation and raised its price target to $204 at Citi. Nevertheless, CFRA downgraded the company to "Sell" despite beating Q3 2024 earnings expectations. Concerns remain about weaker demand and higher costs, which have dragged J.B. Hunt. The company’s stock slipped about 19% in Q2, while still outperforming competitors. Insiders sold US$7.6m of stock possibly signalling caution. The company's sustainability efforts were given a boost with the addition of 20 Nikola FCEVs. Its earnings per share for Q2, Q3, and Q4 2024 were reported according to U.S. GAAP. Wall Street forecasters have revamped their expectations ahead of Q2 earnings, and the company was named to the Fortune 500 list for the 12th consecutive year.
Jb Hunt Transport Services JBHT News Analytics from Sat, 24 Feb 2024 08:00:00 GMT to Sat, 26 Oct 2024 05:05:41 GMT -
Rating 4
- Innovation -2
- Information 8
- Rumor -6
