North American Airfreight and Ground: Barclays Adjusts Estimates, Cites Modest Trucking Demand

June 18, 2012 5:05 PM EDT Send to a Friend
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Price: $24.90 --0%

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Barclays on North American Airfreight and Ground: Modest Trucking Demand

Analyst, Brandon R. Oglenski, met with several trucking companies and the overall message he got was 'Things are good, but not great'. There was probably more enthusiasm at the beginning of the year, however, pricing remains favorable for TL carriers. Oglenski sees favorable earnings dynamics for more TL, with Werner (Nasdaq: WERN) being a top pick.

Barclays maintains and Equalweight rating on Swift Transportation (Nasdaq: SWFT) and $14 price target, but lowers FY12 EPS estimate from $1.04 to $1.00 and FY13 from $1.25 to $1.15.

EW-rated Knight Transportation (NYSE: KNX) maintains PT of $19, but FY12 EPS estimate cut from $0.92 to $0.90 and FY13 from $1.10 to $1.06.

Overweight rated JB Hunt Transport (Nasdaq: JBHT) maintains PT of $61, but FY12 EPS estimate lowered from $2.70 to $2.67 and FY13 from $3.20 to $3.15.

EW-rated Heartland Express (Nasdaq: HTLD) maintains PT of $17, but lowers FY12 EPS estimate from $0.80 to $0.78 and FY13 from $0.95 to $0.90.

OW-rated Werner (Nasdaq: WERN) maintains PT of $32, but lowers FY12 EPS estimate from $1.65 to $1.62 and FY13 from $1.95 to $1.90.




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Analyst Comments, Analyst EPS Change, Analyst EPS View

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Barclays, Earnings

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