The stock of J.B. Hunt Transport Services, Inc. (JBHT) has gone down by -0.19% for the week, with a -2.62% drop in the past month and a -0.51% drop in the past quarter. The volatility ratio for the week is 2.41%, and the volatility levels for the past 30 days are 2.15% for JBHT. The simple moving average for the past 20 days is -1.84% for JBHT’s stock, with a 3.52% simple moving average for the past 200 days.
Is It Worth Investing in J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) Right Now?
J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) has a price-to-earnings ratio of 28.38x that is above its average ratio. Additionally, the 36-month beta value for JBHT is 1.11. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 7 rating it as “overweight,” 9 rating it as “hold,” and 0 rating it as “sell.”
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The public float for JBHT is 82.76M and currently, short sellers hold a 2.59% ratio of that float. The average trading volume of JBHT on March 22, 2024 was 758.85K shares.
JBHT) stock’s latest price update
J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT)’s stock price has plunge by 1.43relation to previous closing price of 195.06. Nevertheless, the company has seen a -0.19% plunge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-14 that The Zacks Industry Rank for the Transportation-Truck industry paints a dull picture, mainly due to the slowdown in freight demand. We believe stocks like JBHT, ARCB and CVLG are better positioned to escape industry challenges.
Analysts’ Opinion of JBHT
Many brokerage firms have already submitted their reports for JBHT stocks, with UBS repeating the rating for JBHT by listing it as a “Buy.” The predicted price for JBHT in the upcoming period, according to UBS is $234 based on the research report published on January 22, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see JBHT reach a price target of $199, previously predicting the price at $178. The rating they have provided for JBHT stocks is “Market Perform” according to the report published on January 19th, 2024.
BMO Capital Markets gave a rating of “Outperform” to JBHT, setting the target price at $220 in the report published on December 11th of the previous year.
JBHT Trading at -2.76% from the 50-Day Moving Average
After a stumble in the market that brought JBHT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.87% of loss for the given period.
Volatility was left at 2.15%, however, over the last 30 days, the volatility rate increased by 2.41%, as shares sank -6.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.36% upper at present.
During the last 5 trading sessions, JBHT fell by -0.19%, which changed the moving average for the period of 200-days by +16.73% in comparison to the 20-day moving average, which settled at $200.90. In addition, J.B. Hunt Transport Services, Inc. saw -0.95% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at JBHT starting from Ottensmeyer Patrick J, who purchase 5,000 shares at the price of $202.99 back on Mar 04 ’24. After this action, Ottensmeyer Patrick J now owns 5,000 shares of J.B. Hunt Transport Services, Inc., valued at $1,014,950 using the latest closing price.
Webb Brian, the EVP- Final Mile Services of J.B. Hunt Transport Services, Inc., sale 900 shares at $208.54 during a trade that took place back on Feb 26 ’24, which means that Webb Brian is holding 15,032 shares at $187,689 based on the most recent closing price.
Stock Fundamentals for JBHT
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.15 for the gross margin
The net margin for J.B. Hunt Transport Services, Inc. stands at 0.06. The total capital return value is set at 0.12. Equity return is now at value 18.74, with 8.66 for asset returns.
Based on J.B. Hunt Transport Services, Inc. (JBHT), the company’s capital structure generated 0.29 points at debt to capital in total, while cash flow to debt ratio is standing at 1.04. The debt to equity ratio resting at 0.41. The interest coverage ratio of the stock is 14.02.
Currently, EBITDA for the company is 1.76 billion with net debt to EBITDA at 1.58. When we switch over and look at the enterprise to sales, we see a ratio of 1.74. The receivables turnover for the company is 7.59for trailing twelve months and the total asset turnover is 1.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.17.
Conclusion
In conclusion, J.B. Hunt Transport Services, Inc. (JBHT) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
