UBS Maintains a 'Buy' on J.B. Hunt Transport Services (JBHT); Death, Taxes, and Intermodal Market Share
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Price: $279.71 -0.92%
Rating Summary:
21 Buy, 17 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 4 | New: 7
Rating Summary:
21 Buy, 17 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 4 | New: 7
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UBS maintains a 'Buy' on J.B. Hunt Transport Services (NASDAQ: JBHT) price target raised from $55 to $58.
UBS analyst says, "Every quarter we wait to see if Hunt’s market share gains in intermodal will finally decelerate (9 consecutive quarters of double-digit growth) and virtually every quarter the answer is a resounding no. Hunt grew IM loads at nearly 2x the average rate of its two primary rail partners Norfolk Southern (NYSE: NSC) (+12%) and BN (+7.2%), as local East (+35%) continued to power volumes higher. For investors seeking resilient growth in a tepid economy, here it is."
"We've had a Buy rating on JBHT for longer than any other stock in our US transportation coverage universe and Q4 is a good example why. Consistent execution, dependable market share accumulation, structural improvements in ROIC and, in our view, reasonable valuation."
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 $49.30 yesterday.
UBS analyst says, "Every quarter we wait to see if Hunt’s market share gains in intermodal will finally decelerate (9 consecutive quarters of double-digit growth) and virtually every quarter the answer is a resounding no. Hunt grew IM loads at nearly 2x the average rate of its two primary rail partners Norfolk Southern (NYSE: NSC) (+12%) and BN (+7.2%), as local East (+35%) continued to power volumes higher. For investors seeking resilient growth in a tepid economy, here it is."
"We've had a Buy rating on JBHT for longer than any other stock in our US transportation coverage universe and Q4 is a good example why. Consistent execution, dependable market share accumulation, structural improvements in ROIC and, in our view, reasonable valuation."
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 $49.30 yesterday.
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