J.B. Hunt Removed from “Priority Stock” List at Wells Fargo (JBH
Posted on December 30, 2011 at 08:27 AM EST
Shipping company J.B. Hunt Transport Services, Inc. (JBHT) on Friday caught some negative commentary from analysts at Wells Fargo. The firm said it cut JBHT from its “Priority Stock” list, noting the stock lacks any sort of near-term catalysts. J.B. Hunt provides surface transportation and delivery services in the U.S., Canada, and Mexico. J.B. Hunt [...]

Shipping company J.B. Hunt Transport Services, Inc. (JBHT) on Friday caught some negative commentary from analysts at Wells Fargo.

The firm said it cut JBHT from its “Priority Stock” list, noting the stock lacks any sort of near-term catalysts. J.B. Hunt provides surface transportation and delivery services in the U.S., Canada, and Mexico.

J.B. Hunt shares, which have risen nearly 12% year-to-date, were unchanged in premarket trading Friday.

The Bottom Line
Shares of J.B. Hunt (JBHT) have a 1.14% dividend yield, based on last night’s closing stock price of $45.53. The stock has technical support in the $40-$42 price area. The stock is approaching all-time highs of $48-$49 a share.

J.B. Hunt Transport Services, Inc. (JBHT) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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