Goldman Sachs Increases Price Target On J.B. Hunt To $52

According to Goldman Sachs, J.B. Hunt Transport Services JBHT reported 2Q11 EPS of $0.53, in line with GS and the consensus estimate. Goldman Sachs said that revenues were 5% above its estimates due to higher intermodal volumes and fuel surcharges. “The operating margin was 50 bp below our estimates primarily on higher fuel/purchased transportation expense. Given the higher estimates, our 12-month price target increases to $52 from $50.” J.B. Hunt Transport Services closed yesterday at $47.71.