As of Friday close, J.B. Hunt Transport Services Inc.’s (NASDAQ:JBHT) stock was up $0.96, moving up 0.51 percent to $191.01. The average number of shares traded per day over the past five days has been 841,060 shares. 1 time new highs have been achieved over the past 5 days, with a -$12.15 fall in that time frame. In the last twenty days, the average volume was 770,955, while in the previous 50 days, it was 785,074.
Since last month, JBHT stock retreated -0.54%. Shares of the company fell to $187.48 on 08/18/23, the lowest level in the past month. A 52-week high of $209.21 was reached on 08/04/23 after having rallying from a 52-week low of $156.28. Since the beginning of this year, JBHT’s stock price has risen by 9.55% or $16.65, and marked a new high 17 times. However, the stock has declined by -8.70% since its 52-week high.
JBHT stock investors should be aware that J.B. Hunt Transport Services Inc. (JBHT) stock had its last reported insider trading activity 17 days ago on Aug 02. Field Darren P., the EVP and President Intermodal of the company, disposed of 2,500 shares for $204.35 on Aug 02. It resulted in a $510,886 divestment by the insider. Keefauver David sold 488 shares at an average price of $205.25 on Jul 31. The insider now owns 699 shares following the transaction. On Jul 26, EVP Highway Services McGee Eric sold 310 shares at $202.52 apiece. The transaction was valued at $62,780.
Valuation Metrics
Right now, J.B. Hunt Transport Services Inc. (JBHT) has a P/E ratio of about 23.32. The stock’s beta is 1.16. Besides these, the trailing price-to-sales (P/S) ratio of 1.42, the price-to-book (PB) ratio of 5.06, and the price-to-cash flow ratio of 124.80 may also be considered.
The latest dividend of $0.42 per share was paid out, remained unchanged from last year’s $0.42. On Thursday January 19 2023, a $0.02 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.31, and the total debt-to-equity ratio was 0.37. On the profitability front, the trailing twelve-month gross margin is 18.50% percent. In the year ended June 29, EBITDA margin amounted to 13.73%, whereas operating margins totaled 8.60%. Based on annual data, JBHT earned $5.99 billion in gross profit and brought in $14.81 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 20.70%. Return on equity (ROE) for the past 12 months was 23.10%.
In J.B. Hunt Transport Services Inc.’s quarter-end financial report for June 29, it reported total debt of $1.2 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. JBHT’s revenue fell -22.5% to $3.23 billion during the quarter, while net income inched up to $3.13 billion. While analysts expected J.B. Hunt Transport Services Inc. to report $1.92 quarterly earnings, the actual figure was $1.81 per share, beating the consensus estimate by -5.70%. During the quarter, the company generated $450.68 million in EBITDA. The liabilities of J.B. Hunt Transport Services Inc. were 4.34 billion at the end of its most recent quarter ended June 29, and its total debt was $1.81 billion. The value of shareholders’ equity is $103.34 million.
Technical Picture
This quick technical analysis looks at J.B. Hunt Transport Services Inc.’s (JBHT) price momentum. With a historical volatility rate of 16.08%, the RSI 9-day stood at 30.57% on 18 August.
With respect to its five-day moving average, the current J.B. Hunt Transport Services Inc. price is down by -5.98% percent or -$12.15. At present, JBHT shares trade -2.34% below its 20-day simple moving average and +12.84% percent above its 100-day simple moving average. However, the stock is currently trading approximately +8.93% above its SMA50 and +11.66% above its SMA200.
Stochastic coefficient K was 8.30% and Stochastic coefficient D was 8.79%, while ATR was 4.23. Given the Stochastic reading of 16.24% for the 14-day period, the RSI (14) reading has been calculated as 40.91%. As of today, the MACD Oscillator reading stands at -7.61, while the 14-day reading stands at -10.20.
Analyst Ratings
JP Morgan upgraded its rating on J.B. Hunt Transport Services Inc. (NASDAQ: JBHT) to an Overweight in a note to investors on May 11, 2023. The analysts firm previously had a Neutral rating on the stock.J.B. Hunt Transport Services Inc. (JBHT) has been rated Overweight by analysts. According to 1 brokerage firm, JBHT is a sell, and 9 firms recommend it is a Hold. There are 2 analysts who say the stock is underweight. A total of 3 analysts rate J.B. Hunt Transport Services Inc. stock as buy, with 12 recommending it as overweight.
With a median target price of $201.00, the current consensus forecast for the stock is $170.00 – $225.00. Based on these forecasts, analysts predict J.B. Hunt Transport Services Inc. (JBHT) will achieve an average price target of $199.96.
