Jefferies Sidelined on J.B. Hunt Transport Services (JBHT); Slowing Growth vs. Tough Comps
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Price: $275.45 +0.36%
Rating Summary:
21 Buy, 17 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
21 Buy, 17 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Jefferies maintains a 'Hold' on J.B. Hunt Transport Services (NASDAQ: JBHT) price target of $57.00 (from $56.00).
Analyst, Peter Nesvold, said, "We continue to like the JBHT story, history of execution, and the company’s continued opportunity in the intermodal market. We believe JBHT’s broad product offering will provide solid growth in a slow growth freight economy, and the variable-cost model will remain attractive during a rising interest rate and inflationary TL operating cost environment. That said, trading at a fully-valued 20.3x forward consensus estimates and with the prospect of decelerating growth in 2012 and 2013, we remain on the sidelines."
FY12 EPS estimate raised from $2.62 to $2.65 and FY13 from $3.01 to $3.10.
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 $58.33 yesterday.
Analyst, Peter Nesvold, said, "We continue to like the JBHT story, history of execution, and the company’s continued opportunity in the intermodal market. We believe JBHT’s broad product offering will provide solid growth in a slow growth freight economy, and the variable-cost model will remain attractive during a rising interest rate and inflationary TL operating cost environment. That said, trading at a fully-valued 20.3x forward consensus estimates and with the prospect of decelerating growth in 2012 and 2013, we remain on the sidelines."
FY12 EPS estimate raised from $2.62 to $2.65 and FY13 from $3.01 to $3.10.
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 $58.33 yesterday.
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