Jefferies Maintains a 'Hold' on J.B. Hunt Transport Services (JBHT); Raising Numbers on Top Line Beat

Jefferies maintains a 'Hold' on J.B. Hunt Transport Services (NASDAQ: JBHT) price target raised from $53 to $56.

Analyst, Peter Nesvold said, "We like the JBHT story, execution, and the company’s continued opportunity in the intermodal market. We believe the company's variable cost model will remain attractive during a rising interest rate and inflationary TL operating cost environment. Trading at a fully-valued 20.9x forward consensus estimates and with decelerating growth vs. difficult comps in 2012, we remain on the sidelines." (FY12 EPS estimate raised from $2.47 to $2.62 and FY13 from $2.85 to $3.01)

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 $55.84 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Cummins (CMI) PT Lowered to $675 at Jefferies
• Intchains Group Ltd (ICG) PT Lowered to $2 at Benchmark Following 1H Results
• Walmart (WMT) PT Lowered to $125 at JPMorgan, Overweight Rating Maintained as 'Short Case Feels Greedy'