fbpx
QQQ
+ 0.17
347.40
+ 0.05%
DIA
-0.73
340.18
-0.22%
SPY
-0.39
423.50
-0.09%
TLT
-0.37
144.01
-0.26%
GLD
-0.08
166.33
-0.05%

Wells Fargo Adjusts JBHT 2011/2012 EPS Estimate

by
January 31, 2011 10:24 am
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More

Wells Fargo is increasing its 2011 EPS estimate on shares of J.B. Hunt Transport Services (NASDAQ: JBHT) to $2.07 from $2.05 “on higher revenue expectations partially offset by higher interest expense (near term), wage inflation and depreciation.”

“Our 2012 forecast moves to $2.51 from $2.48 on diminishing interest expense and a slightly higher revenue target,” Wells Fargo writes. “We believe our margin forecast may prove to be quite conservative over the intermediate term as lane balance improves within Intermodal, and Dedicated and Truckload reap the benefits of market conditions and improved positioning.

“We reiterate our Outperform rating with an unchanged 6-12 month Valuation Range of $46-50 (9.25x EV/EBITDA on 2011 or 20.0x P/E on 2012 EPS).”

J.B. Hunt Transport Services currently trades at $41.07.

For the latest in financial news, exclusive stories, memes follow Benzinga on Twitter, Facebook & Instagram. For the best interviews, stock market talk & videos, subscribe to our YouTube channel.

Posted-In:

Analyst Ratings

Related Articles

Benzinga's Top Upgrades, Downgrades For October 2, 2020

Upgrades read more

Benzinga's Top Upgrades, Downgrades For September 24, 2020

Upgrades read more

10 Biggest Price Target Changes For Monday

Benzinga's Top Upgrades, Downgrades For January 6, 2020