J.B. Hunt (JBHT, $135.88) shares get price target hikes
JB Hunt Transport Services got price target hikes from at least two analysts .
Amit Mehrotra of Deutsche Bank upgraded rating on the trucking company’s stock to hold from sell. The analyst raised his price target to $140 from $98. In a commentary cited by Bloomberg, Mehrotra said that a substantial net decrease of truckload capacity is coming in coming quarters, and that will create an upward pressure on volume and pricing, along with (what he perceives to be) a clear cyclical rebound. He also mentioned that low interest rates, limited capital expenditures and an improving growth outlook provide a “potent backdrop for high multiples” .
Raymond James analyst Patrick Tyler Brown affirmed his outperform rating, and raised his price target to $145 from $140. Brown said JB Hunt should benefit from a “clearly tightening truck market,” according to Bloomberg.
According to Tickeron, JBHT in Uptrend: 50-day Moving Average crossed above 200-day Moving Average on June 24, 2020
A buy signal is indicated by this change in price, due to the trend repositioning higher. In 2 of 3 cases where JBHT's 50-day Moving Average crossed above its 200-day Moving Average, its price rose further within the subsequent month. The odds of a continued Uptrend are 67%.
Current price $135.88 is above $122.76 the highest resistance line found by A.I. Throughout the month of 06/15/20 - 07/16/20, the price experienced a +15% Uptrend. During the week of 07/09/20 - 07/16/20, the stock enjoyed a +6% Uptrend growth.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator exceeded the 0 level on July 06, 2020. Traders may consider buying the ticker or exploring call options. In 38 of 83 cases where the ticker's Momentum Indicator exceeded 0, its price rose further within the subsequent month. The odds of a continued Uptrend are 46%.
The Moving Average Convergence Divergence (MACD) just turned positive. Considering data from situations where JBHT's MACD histogram became positive, in 21 of 45 cases, the price rose further within the following month. The odds of a continued Uptrend are 47%.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where JBHT advanced for three days, in 172 of 308 cases, the price rose further within the following month. The odds of a continued Uptrend are 56%.
The Aroon Indicator entered an Uptrend today. In 131 of 244 similar cases where JBHT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 54%.
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Stochastic Indicator demonstrated that the ticker has stayed in the overbought zone for 7 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The higher Bollinger Band was broken -- a price fall is expected as the ticker heads toward the middle band, which invites the trader to consider selling or shorting the ticker, or exploring put options. In 27 of 38 cases where JBHT's price broke its higher Bollinger Band, its price dropped further during the following month. The odds of a continued Downtrend are 71%.
Fundamental Analysis (Ratings)
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 49%. During the last month, the daily ratio of advancing to declining volumes was 2.33 to 1.
The Tickeron Price Growth Rating for this company is 13 (best 1 - 100 worst), indicating outstanding price growth. JBHT’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 20 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 68, placing this stock better than average.
The Tickeron PE Growth Rating for this company is 27 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is 73 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 91 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: JBHT's P/B Ratio (6.54) is slightly higher than the industry average of (2.40). P/E Ratio (28.47) is within average values for comparable stocks, (33.17). Projected Growth (PEG Ratio) (4.63) is also within normal values, averaging (8.18). Dividend Yield (0.89) settles around the average of (1.21) among similar stocks. P/S Ratio (1.05) is also within normal values, averaging (0.90).
Momentum Indicator for JBHT turns negative, indicating new downward trend
JBHT saw its Momentum Indicator move below the 0 level on December 06, 2024. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 98 similar instances where the indicator turned negative. In of the 98 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for JBHT moved out of overbought territory on November 12, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 39 similar instances where the indicator moved out of overbought territory. In of the 39 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Moving Average Convergence Divergence Histogram (MACD) for JBHT turned negative on November 15, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 38 similar instances when the indicator turned negative. In of the 38 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where JBHT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
JBHT broke above its upper Bollinger Band on November 11, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
The 50-day moving average for JBHT moved above the 200-day moving average on November 19, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where JBHT advanced for three days, in of 311 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 282 cases where JBHT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 75, placing this stock better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. JBHT’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (4.946) is normal, around the industry mean (20.642). P/E Ratio (28.189) is within average values for comparable stocks, (22.262). Projected Growth (PEG Ratio) (2.160) is also within normal values, averaging (10.503). Dividend Yield (0.009) settles around the average of (0.037) among similar stocks. P/S Ratio (1.599) is also within normal values, averaging (1.303).
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General Information
an operater of surface transportation, delivery and logistics company
Industry AirFreightCouriers