Market Overview

UPDATE: Dahlman Rose PT to $63 on JB Hunt Transport Services On Dissapointing Revenues

Share:
Related JBHT
Stocks Hitting 52-Week Highs
JB Hunt Posts Upbeat Q1 Earnings, But Sales Miss Views
Patriot Transportation: Another Massively Underfollowed Spin-off (GuruFocus)

Dahlman Rose reiterated its Buy rating on JB Hunt Transport Servies (NASDAQ: JBHT) but trimmed its price target from $64 to $63 on disappointing revenue numbers for the latest quarter.

Dahlman Rose commented, "JBHT delivered another solid quarter, as segment margin improvement overshadowed modestly disappointing revenues. However, the revenue miss and somewhat tempered intermodal pricing could put some pressure on the shares. … Despite the largely in-line results, we are modestly trimming our 2012 and 2013 EPS estimates to $2.63 and $3.00 from $2.65 and $3.05, respectively. Our price target drops $1, to $63, which is based on a 21x multiple applied to our 2013E EPS. We maintain our Buy rating on JBHT and note that, in the long term, the secular intermodal growth story remains intact as the railroads pump more money into intermodal investments, and the US government continues to under-invest in highway infrastructure."

JB Hunt Transportation Services closed at $58.33 on Monday.

Latest Ratings for JBHT

DateFirmActionFromTo
Apr 2015Bank of AmericaUpgradesUnderperformBuy
Apr 2015BarclaysMaintainsOverweight
Apr 2015CitigroupMaintainsNeutral

View More Analyst Ratings for JBHT
View the Latest Analyst Ratings

Posted-In: Dahlman RoseAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (JBHT)

Around the Web, We're Loving...