Goldman Sachs Reports Strong 1Q For J.B. Hunt Transport Services

According to Goldman Sachs, J.B. Hunt Transport Services JBHT saw a strong 1Q and remains positive on truck pricing. Goldman Sachs reported that JBHT reported 1Q10 EPS of $0.40 versus GS $0.39 and consensus $0.38. “The beat was driven by strong intermodal volumes/margins and lower insurance claims. Given positive volume and pricing trends, we are raising our 2011E/2012E/2013E EPS to $2.16/$2.60/$2.94 from $2.13/$2.53/$2.84. Given the higher estimates, our price target moves to $50 from $47.” J.B. Hunt Transport Services closed yesterday at $61.41.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorAnalyst RatingsGoldman SachsIndustrialsJ.B. Hunt Transport ServicesTrucking
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!