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 in -10.27% downward trend, declining for three consecutive days on April 18, 2024
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where JBHT declined for three days, in of 281 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on April 10, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on JBHT as a result. In of 95 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for JBHT turned negative on April 10, 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 .
The Aroon Indicator for JBHT entered a downward trend on April 19, 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.
Bullish Trend Analysis
The RSI Indicator shows that the ticker has stayed in the oversold zone for 7 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 Uptrend is expected.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 9 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.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where JBHT advanced for three days, in of 313 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.
Fundamental Analysis (Ratings)
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 78, placing this stock better than average.
The Tickeron PE Growth Rating for this company is (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 (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 Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. JBHT’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
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 (19.997). P/E Ratio (28.189) is within average values for comparable stocks, (23.454). 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 (1.265).
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Fundamental Analysis Ratings
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General Information
an operater of surface transportation, delivery and logistics company
Industry AirFreightCouriers