Barclays Maintains an 'Overweight' on J.B. Hunt Transport Services (JBHT); Solid Q2, But Valuation A Hurdle
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Price: $163.74 -0.54%
Rating Summary:
22 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
22 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Barclays maintains an 'Overweight' on J.B. Hunt Transport Services (NASDAQ: JBHT) price target of $61.00.
Analyst, Brandon R. Oglenski, said, "Q2 demonstrated volume growth and increased network density can drive margin upside within the intermodal segment. We remain encouraged on JBHT's long-term prospects but admit upside to current estimates is more challenging over the near term. Fuel tailwind did help profitability during the quarter, but the real issue for the market will be softer intermodal pricing gains..."
FY12 EPS estimate lowered from $2.67 to $2.63 and FY13 from $3.15 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, Brandon R. Oglenski, said, "Q2 demonstrated volume growth and increased network density can drive margin upside within the intermodal segment. We remain encouraged on JBHT's long-term prospects but admit upside to current estimates is more challenging over the near term. Fuel tailwind did help profitability during the quarter, but the real issue for the market will be softer intermodal pricing gains..."
FY12 EPS estimate lowered from $2.67 to $2.63 and FY13 from $3.15 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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