J.B. Hunt Transport (JBHT, $115.00) gets a rating downgrade from Bernstein, on near-term challenges
On Monday, J.B. Hunt Transport got a rating downgrade from analysts at Bernstein.
Bernstein analysts lowered their rating on the freight transport company to market perform from outperform, citing expectations of near-term headwinds. Bernstein ‘s outlook factors in near-term intermodal growth expected to be tougher in the new year than it was in 2019, on what it perceives as softness of the freight market.
Bernstein has a price target of $124 on the shares, which represents 6% potential upside from the stock’s Friday closing price.
The Street’s consensus estimate of price target on JB Hunt shares is $113.
Trends in global transport are apparently getting affected by factors such as environmental concerns (e.g. climate change), and geopolitical uncertainties surrounding U.S.-China and U.S.-Iran relations.
JBHT's RSI Indicator recovers from oversold territory
The RSI Oscillator for JBHT moved out of oversold territory on December 24, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 22 similar instances when the indicator left oversold territory. In of the 22 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 12 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
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 309 cases, the price rose further within the following month. The odds of a continued upward trend are .
JBHT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 06, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on JBHT as a result. In of 97 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
JBHT moved below its 50-day moving average on December 13, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for JBHT crossed bearishly below the 50-day moving average on December 17, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
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 .
The Aroon Indicator for JBHT entered a downward trend on December 18, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is seriously 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 76, 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