Citigroup took its JB Hunt Transport Services [JBHT] rating to the equivalent of Buy from Neutral, in a research note dated 2021-01-06. Some new analysts also started their coverage, with Wells Fargo’s analysts assigning the shares to “an Overweight” rating in a research note to investors issued in late September. Meanwhile, Evercore ISI had launched its coverage on JBHT with “an Outperform”, in a research note produced for clients August 10, 2020. In addition, there was an upgrade from Deutsche Bank on July 17, 2020. The rater changed JBHT from “a Sell” to “a Hold”.
Is J.B. Hunt Transport Services Inc. [NASDAQ:JBHT] a Good Buy Right Now?
It should be noted that JBHT technical indicators for short, intermediate as well as long term progress have placed an overall average of 88% as Buy. The average signal changed from 72% Buy in the last week and compares with 72% Buy in the past month. Data from J.B. Hunt Transport Services Inc.’s Trend Spotter indicated that the signals were Strongest. The stock current average is 0.58 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 0.7 million shares while the medium term average advocated for 50% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.77 million shares.
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JBHT Price Performance
On Wall Street, J.B. Hunt Transport Services Inc. [NASDAQ:JBHT] finished Tuesday’s session up 2.40% at $138.07. The stock went up to $138.94 at the same session while its lowest single day price was $134.38. In the last five days, it saw a rise of about 0.97%, J.B. Hunt Transport Services Inc. shares gained by almost 1.04% since the beginning of the year. However, the share price has dropped to as low as -4.35% below its one year high. On 01/05/21, the company shares recorded $138.94, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $133.98. The company’s shares have inclined by 20.06% in the past year. The 50-day SMA achieved is $133.09 while the 200-day SMA is $123.44. Volume dropped to 0.68 million from 0.83 million in the previous session.
J.B. Hunt Transport Services Inc. [JBHT] Valuation Measures
Notably, J.B. Hunt Transport Services Inc. [JBHT] stock cannot be classified as a good candidate in the listing of underestimated low-priced Integrated Freight & Logistics companies to purchase soonest possible with the prevailing 12-month PE ratio of 29.67. The measure means the stock is exchanging at a premium as compared to the 18.60x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 1.55 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 0.92 which means JBHT serve an unattractive investment opportunity compared to its competitors.
JBHT Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 135.32 level, and in case of violation of this particular level, it will cause more drop to 132.57 level. On the upper level, 141.69 is still the key resistance. The stock may increase to the subsequent resistance at 139.88. The Relative Strength Index (RSI) pinned on the 14-day chart is 54.59, implying a neutral technical stance while the MACD stands at -1.14, meaning price will decrease in the next trading period. Percent R indicator moved to 42.88%, implying low price movement. Stochastic %K at 37.23% suggest selling the stock.
What is the short interest in J.B. Hunt Transport Services Inc.?
Short interest in the J.B. Hunt Transport Services Inc. stock has plunged, decreasing by -0.38 million shares to total 1.76 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 1.38 million, data from Yahoo Finance shows. The increase of 21.59% suggests the stock saw some increased bearish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 2.64% of the overall float for the stock.
J.B. Hunt Transport Services Inc.’s Biggest Shareholders: Who Owns J.B. Hunt Transport Services Inc. [JBHT]?
Filings by T. Rowe Price Associates, Inc. showed that the firm now holds a total of 10,738,499 shares or roughly 10.16% of the outstanding JBHT shares. This means their shares have reduced by -4,213,566 from the 10,738,499 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, The Vanguard Group, Inc. updated stake is worth $1,296,365,513. Details in the latest 13F filings reveal that BlackRock Fund Advisors acquired their 4.50% stake valued at $614,491,678 while Wellington Management Co. LLP cut theirs at $532,481,290. During the last quarter, BlackRock Fund Advisors raised 195,488 of its shares in J.B. Hunt Transport Services Inc. while Wellington Management Co. LLP sold -1,035,524 shares. The SSgA Funds Management, Inc.’s holdings currently number 3,657,183 shares at $504947256.81. According to the firm’s last 13F report, Atlanta Capital Management Co. LL shares in the company at filing stood at 3,197,321 shares, roughly $432,533,585.
JBHT Earnings Forecast For The Current Quarter
J.B. Hunt Transport Services Inc. [JBHT] is expected to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $2.56B and an earnings per share of $1.3 for Dec 2020. Looking further ahead, the company is expected to report revenue of $2.4B at an EPS of $1.25 for Mar 2021. The estimates represent upside of 9.50% and 31.13% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
JBHT Earnings Estimates For The Current Year
For the financial year, J.B. Hunt Transport Services Inc. [NASDAQ:JBHT] is expected to bring in revenue of $9.44B. The returns are nearly $270.0 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 4.59, lower than that of FY19 by -$0.62. Estimates put this year’s earnings growth at -11.90%, 31.20% for the next, and at an annual 11.65% over the next 5-year period. As for sales, forecasts are for an increase of 3.00% in the current fiscal year and a further 9.50% over the following year.