J.B. Hunt hits record high after profit rise, eyes best day in 6 months

J B Hunt Transport Services

16/04/2026 16:09

Corrects bullet 5 to say J.P. Morgan raised its price target on stock to $227, not joint Street-high of $250

** Shares of U.S. trucking firm J.B. Hunt Transport Services JBHT.O rise as much as 7.5% to record $240.92

** JBHT set for best day since mid-October, if gains hold

** Co on Wednesday reported higher Q1 profit and its first revenue gain in 15 quarters, helped by cost-cutting and stronger volumes in key segments

** Co's management also told investors that it was seeing signs of freight trucking demand revival as capacity drops

** J.P. Morgan ("overweight") lifts stock's PT to $227 ($213 earlier); notes volume growth at co's biggest segment should offset competition concerns

** BofA ("buy") raises JBHT's PT to joint Street-high of $250 ($225 earlier), likes co's market share gains and cost cut-driven margin improvement

** Twelve of 25 analysts tracking JBHT raised their PT on the stock, lifting the median target to $226 from $217.5 last month - data compiled by LSEG

** As of last close, stock up 15.3% YTD

 (Reporting by Kanishka Ajmera and Nandan Mandayam in Bengaluru)

 ((mail to: Kanishka.Ajmera@thomsonreuters.com))