J.B. Hunt Transport Services, Inc. [NASDAQ: JBHT] closed the trading session at $168.13.
The stocks have a year to date performance of -15.83 percent and weekly performance of -10.66 percent. The stock has been moved at -14.56 percent over the last six months. The stock has performed -12.07 percent around the most recent 30 days and changed -12.30 percent over the most recent 3-months.
If compared to the average trading volume of 799.68K shares, JBHT reached to a volume of 3720890 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about J.B. Hunt Transport Services, Inc. [JBHT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for JBHT shares is $194.62 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on JBHT stock is a recommendation set at 1.92. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
TD Cowen have made an estimate for J.B. Hunt Transport Services, Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on Apr-18-24. While these analysts kept the previous recommendation, Barclays dropped their target price from $215 to $200. The new note on the price target was released on April 01, 2024, representing the official price target for J.B. Hunt Transport Services, Inc. stock. Previously, the target price had yet another raise to $234, while UBS analysts kept a Buy rating on JBHT stock. On January 19, 2024, analysts increased their price target for JBHT shares from 178 to 199.
The Average True Range (ATR) for J.B. Hunt Transport Services, Inc. is set at 5.42, with the Price to Sales ratio for JBHT stock in the period of the last 12 months amounting to 1.35. The Price to Book ratio for the last quarter was 4.23, with the Price to Cash per share for the same quarter was set at 0.52.
JBHT stock trade performance evaluation
J.B. Hunt Transport Services, Inc. [JBHT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.66. With this latest performance, JBHT shares dropped by -12.07% in over the last four-week period, additionally sinking by -14.56% over the last 6 months – not to mention a drop of -4.82% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for JBHT stock in for the last two-week period is set at 20.39, with the RSI for the last a single of trading hit 13.27, and the three-weeks RSI is set at 26.30 for J.B. Hunt Transport Services, Inc. [JBHT]. The present Moving Average for the last 50 days of trading for this stock 200.18, while it was recorded at 182.16 for the last single week of trading, and 192.69 for the last 200 days.
J.B. Hunt Transport Services, Inc. [JBHT]: An insightful look at the core fundamentals
J.B. Hunt Transport Services, Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.15 and a Current Ratio set at 1.17.
Earnings per share (EPS) analysis for J.B. Hunt Transport Services, Inc. [JBHT] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for JBHT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for J.B. Hunt Transport Services, Inc. go to 4.50%.
J.B. Hunt Transport Services, Inc. [JBHT]: Institutional Ownership
The top three institutional holders of JBHT stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in JBHT stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in JBHT stock with ownership which is approximately 5.8386%.
