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Friday, March 29, 2024

UPDATE: Credit Suisse Raises Price Target On J B Hunt Transport Services On EPS Revisions

Courtesy of Benzinga.

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In a report published Friday, Credit Suisse analyst Allison M. Landry reiterated an Outperform rating on J B Hunt Transport Services Inc (NASDAQ: JBHT), and raised the price target from $83.00 to $88.00.

In the report, Credit Suisse noted, “Our FY15 and FY16 estimates increase to $3.66 and $4.23, respectively, from $3.62 and $4.22. We are also introducing our FY17 EPS forecast of $4.76. Our DCF-derived target price rises to $88 (from $83) due to higher base year (2016) EBIT and a slightly lower discount rate.”

J B Hunt Transport Services closed on Thursday at $84.23.

Latest Ratings for JBHT

Date Firm Action From To
Jan 2015 Deutsche Bank Maintains Buy
Jan 2015 Barclays Maintains Overweight
Dec 2014 Nomura Initiates Coverage on Buy

View More Analyst Ratings for JBHT
View the Latest Analyst Ratings

Posted-In: Allison M. Landry Credit SuisseAnalyst Color Price Target Analyst Ratings

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