Deutsche Bank Has Buy On J.B. Hunt After Earnings

Deutsche Bank has a Buy rating on shares of J. B. Hunt JBHT following the company's earnings report yesterday. It has a $55 price target on shares. In a note to clients, Deutsche Bank writes, "Yesterday after the close, JBHT reported Q2 EPS of $0.53 in line with our estimate and Consensus. Intermodal and DCS performance exceeded our expectations, while Truck & ICS disappointed as cost overruns constrained more meaningful earnings improvement. We continue to be impressed with JBHT's Intermodal segment which drove 18% y/y load growth (12% y/y TransCon growth and 32% y/y East Coast growth) while improving pricing (net of fuel) 4.4% y/y. BUY." Shares of JBHT lost 26 cents yesterday to close at $47.71.