Analysts Have Conflicting Sentiments on These Industrial Goods Companies: JB Hunt (JBHT), Parker Hannifin (PH) and Montrose Environmental Group (MEG)

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on JB Hunt (JBHT – Research Report), Parker Hannifin (PH – Research Report) and Montrose Environmental Group (MEG – Research Report).

JB Hunt (JBHT)

Morgan Stanley analyst Ravi Shanker maintained a Hold rating on JB Hunt on January 19 and set a price target of $170.00. The company’s shares closed last Monday at $205.98, close to its 52-week high of $209.21.

According to TipRanks.com, Shanker is a 1-star analyst with an average return of -2.5% and a 48.9% success rate. Shanker covers the Industrial Goods sector, focusing on stocks such as Expeditors International, Frontier Group Holdings, and Old Dominion Freight.

Currently, the analyst consensus on JB Hunt is a Moderate Buy with an average price target of $205.20, implying a 1.5% upside from current levels. In a report issued on January 10, Stifel Nicolaus also maintained a Hold rating on the stock with a $188.00 price target.

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Parker Hannifin (PH)

Stifel Nicolaus analyst Nathan Jones maintained a Buy rating on Parker Hannifin on January 19 and set a price target of $500.00. The company’s shares closed last Monday at $473.26.

According to TipRanks.com, Jones is a 5-star analyst with an average return of 14.5% and a 63.3% success rate. Jones covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Watts Water Technologies, and A. O. Smith Corporation.

Currently, the analyst consensus on Parker Hannifin is a Moderate Buy with an average price target of $493.42, representing a 4.5% upside. In a report issued on January 5, Barclays also maintained a Buy rating on the stock with a $500.00 price target.

Montrose Environmental Group (MEG)

In a report issued on January 19, James Ricchiuti from Needham reiterated a Buy rating on Montrose Environmental Group, with a price target of $54.00. The company’s shares closed last Monday at $30.18.

According to TipRanks.com, Ricchiuti is a 5-star analyst with an average return of 15.6% and a 57.7% success rate. Ricchiuti covers the Technology sector, focusing on stocks such as Teledyne Technologies, Universal Display, and TTM Technologies.

Montrose Environmental Group has an analyst consensus of Moderate Buy, with a price target consensus of $47.50.

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Read More on JBHT:

• Analyst Boost Gives JB Hunt (NASDAQ:JBHT) New Life
• J.B. Hunt price target raised to $216 from $212 at BofA
• J.B. Hunt price target raised to $199 from $178 at TD Cowen
• J.B. Hunt price target lowered to $209 from $212 at JPMorgan
• J.B. Hunt price target raised to $215 from $210 at Barclays