Goldman Sachs Resumes J.B. Hunt Transport Services (JBHT) at Neutral
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Price: $74.88 +0.58%
Rating Summary:
5 Buy, 15 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
5 Buy, 15 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade JBHT Now!
Earlier, Goldman Sachs resumed coverage on J.B. Hunt Transport Services (NASDAQ: JBHT) with a Neutral. PT $58.00.
"We view JBHT as an attractive growth stock at the epicenter of the secular trend toward conversion of freight from the road to the rails via intermodal container traffic," the analyst comments. "Hunt is well positioned to post solid high-single-digit unit growth in its industry-leading intermodal division over the next 2-3 years. Nevertheless, valuations look elevated for what we believe will be decelerating earnings and operating income growth in 2013-2014 vs. the above-trend rates of growth reported following the recession (three-year EPS CAGR of 33%)."
For an analyst ratings summary and ratings history on J.B. Hunt Transport Services click here. For more ratings news on J.B. Hunt Transport Services click here.
Shares of J.B. Hunt Transport Services closed at $57.16 yesterday, with a 52 week range of $40.78-$61.18.
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"We view JBHT as an attractive growth stock at the epicenter of the secular trend toward conversion of freight from the road to the rails via intermodal container traffic," the analyst comments. "Hunt is well positioned to post solid high-single-digit unit growth in its industry-leading intermodal division over the next 2-3 years. Nevertheless, valuations look elevated for what we believe will be decelerating earnings and operating income growth in 2013-2014 vs. the above-trend rates of growth reported following the recession (three-year EPS CAGR of 33%)."
For an analyst ratings summary and ratings history on J.B. Hunt Transport Services click here. For more ratings news on J.B. Hunt Transport Services click here.
Shares of J.B. Hunt Transport Services closed at $57.16 yesterday, with a 52 week range of $40.78-$61.18.
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