The stock of J.B. Hunt Transport Services Inc. (NASDAQ:JBHT) decreased by -$4.85 on Wednesday to $194.69, down -2.43 percent. The last five days have seen an average of 597,800 shares of common stock traded. 17 times new highs were reached in the current year, with a gain of $20.77. The average number of shares traded over the last 20 days was 757,240, while the average volume over the last 50 days totaled 764,016.
JBHT stock appreciated 3.46% since last month. On 07/17/23, the company’s shares reached a one-month low of $180.37. The stock touched a high of $209.21 on 08/04/23, after rallying from a low of $156.28 in 52 weeks. The price of JBHT stock has risen by 11.66% or $20.77 this year, reaching a new high 17 times. Still, the stock price is down -6.94% from the 52-week high.
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Insider Transactions
JBHT stock investors should be aware that J.B. Hunt Transport Services Inc. (JBHT) stock had its last reported insider trading activity 14 days ago on Aug 02. On Aug 02, EVP and President Intermodal Field Darren P. sold 2,500 shares at $204.35 each. This transaction resulted in the insider making $510,886. On Jul 31, Keefauver David sold 488 shares at a price of US$205.25. After the transaction, the insider now owns 699 shares. EVP Highway Services McGee Eric had earlier sold 310 shares on Jul 26 for $202.52 a share. The transaction was completed for $62,780.
Valuation Metrics
J.B. Hunt Transport Services Inc. (JBHT) has a trailing price-to-earnings (P/E) ratio of 23.77. Beta for the stock is 1.15. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.45, the price-to-book (PB) ratio of 5.15, and the price-to-cash flow ratio of 127.20.
Company paid $0.42 per share in dividends, remained unchanged from $0.42 last year. A $0.02 dividend increase was reported on Thursday January 19 2023.
Financial Health
For the three months ended June 29, J.B. Hunt Transport Services Inc.’s current ratio was 1.20. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.31, and the total debt to equity ratio is 0.37. As far as profitability goes, gross margin for the trailing twelve months is 18.50% percent. J.B. Hunt Transport Services Inc.’s EBITDA margin for the year ended June 29 was 13.73%, whereas its operating margin stood at 8.60% for the same period. Based on annual data, it had gross profit of $5.99 billion and revenue of $14.81 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. JBHT’s return on assets (ROA) during the last 12 months has been 11.00%. There was a 20.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 23.10%.
Earnings Surprise
According to J.B. Hunt Transport Services Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $3.13 billion, while revenues fell by -22.5% to $3.23 billion. It was predicted that J.B. Hunt Transport Services Inc.’s quarterly earnings would be $1.81, but it ended up being $1.92, beating the consensus by -5.70%. EBITDA was $450.68 million for the quarter. At the end of J.B. Hunt Transport Services Inc.’s most recent quarter ended June 29, its liabilities totaled 4.34 billion, while its total debt was $1.81 billion. Equity owned by shareholders amounts to $103.34 million.
Technical Picture
Here’s a quick look at J.B. Hunt Transport Services Inc.’s (JBHT) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 34.83%, suggesting the stock is Neutral, with a 10.53% historical volatility rate.
The stochastic %K and %D were 16.51% and 29.58% respectively, while the average true range (ATR) was 4.18. Based on the 14-day stochastic reading of 14.51%, the RSI (14) reading is 45.97%. On the 9-day MACD Oscillator, the stock is at -3.75, and the 14-day reading is at -4.66.
Analyst Ratings
In its most recent analyst report, JP Morgan raised its rating on J.B. Hunt Transport Services Inc. (NASDAQ: JBHT) to an Overweight. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned J.B. Hunt Transport Services Inc. (JBHT) an Overweight rating. JBHT is a stock that is recommended for selling by 1 brokerage firm, while 9 companies recommend holding. The stock is underweighted by 2 analysts. Among the analysts who rate the stock, 3 rates it overweight and 12 others recommend it as a buy.
What is JBHT’s price target for the next 12 months?
The current consensus forecast for the stock is between $170.00 and $225.00, with a median target price of $201.00. In analyzing these forecasts, the average price target given by analysts for J.B. Hunt Transport Services Inc. (JBHT) is $199.96.
