While J.B. Hunt Transport Services, Inc. has underperformed by -1.09%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, JBHT fell by -8.88%, with highs and lows ranging from $219.51 to $153.12, whereas the simple moving average fell by -5.09% in the last 200 days.
On July 17, 2024, TD Cowen Reiterated J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) to Hold. A report published by Wells Fargo on June 07, 2024, Initiated its previous ‘Overweight’ rating for JBHT. TD Cowen also reiterated JBHT shares as ‘Hold’, quoting a target price of $181 on the company’s shares in a report dated April 17, 2024. Barclays April 01, 2024d the rating to Equal Weight on April 01, 2024, and set its price target from $215 to $200. UBS January 22, 2024d its ‘Neutral’ rating to ‘Buy’ for JBHT, as published in its report on January 22, 2024. TD Cowen’s report from January 19, 2024 suggests a price prediction of $199 for JBHT shares, giving the stock a ‘Market Perform’ rating. BMO Capital Markets also rated the stock as ‘Outperform’.
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Analysis of J.B. Hunt Transport Services, Inc. (JBHT)
JBHT currently pays a dividend of $1.71 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter decrease in sales is -6.51%, showing a negative trend in the upcoming months.
In order to gain a clear picture of J.B. Hunt Transport Services, Inc.’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 15.13% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.21, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 891.95K can be a very valuable indicator of volatility for JBHT stock. On a monthly basis, the volatility of the stock is set at 2.88%, whereas on a weekly basis, it is put at 2.50%, with a loss of -0.64% over the past seven days. Furthermore, long-term investors anticipate a median target price of $181.40, showing growth from the present price of $172.27, which can serve as yet another indication of whether JBHT is worth investing in or should be passed over.
How Do You Analyze J.B. Hunt Transport Services, Inc. Shares?
The USA based company J.B. Hunt Transport Services, Inc. (JBHT) is one of the biggest names in Integrated Freight & Logistics. When comparing J.B. Hunt Transport Services, Inc. shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 29.64, there is a growth in quarterly earnings of -27.33%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 20.23%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 75.25% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
JBHT shares are owned by institutional investors to the tune of 75.25% at present.
