"JBHT remains one of the premier transport providers in the US," Bank of America Merrill Lynch analysts wrote in a May 21 report. "It has reduced its exposure to the volatile over the road business (to 2,585 trucks from more than 5,200 in Mar. 2007) while growing its Intermodal focus (>60% of revs), which provides a 30%+ ROIC, and continues to grow. Valuation is attractive given its mid-20% growth rate, providing upside potential as Intermodal volumes continue to grow at mid-teens, pricing firms, and its truck division improves profitability."Shares of J.B. Hunt hit a 52-week high on Tuesday of $57.92. The stock's 52-week low of $34.42 was set on Sept. 22. J.B. Hunt's forward P/E is 18.81; the average for trucking companies is 13.96. For comparison, Old Dominion (ODFL) has a lower forward P/E of 13.66. Fifteen of the 29 analysts rated J.B. Hunt buy; 14 analysts gave the stock a hold rating. The stock has risen 27.07% year to date. -- Written by Alexandra Zendrian
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