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J.B. Hunt Transport Services, Inc. (JBHT), headquartered in Lowell, Arkansas, is a leading transportation and logistics company in the U.S. With a market cap of $18 billion, J.B. Hunt plays a crucial role in the logistics sector, offering a wide range of services, including intermodal, dedicated, and truckload transportation solutions, as well as supply chain management.
Companies valued at $10 billion or more are typically classified as "large-cap" stocks, and J.B. Hunt Transport Services is a prime example. The company focuses on innovation and customer-centric solutions as core elements of its strategy, offering tailored transportation and logistics services.
JBHT shares are trading 20.5% below their 52-week high of $219.51, which they hit on Feb. 15. Also, the stock has gained 10.5% over the past three months, outperforming the Dow Jones Industrial Average Index’s ($DOWI) 7.1% returns over the same time frame.
In the longer term, JBHT is down 12.6% on a YTD basis, and the shares have declined 8.3% over the past 52 weeks. The Dow has gained 12% in 2024 and 24.3% over the past year.
JBHT has been trading below its 200-day moving average since early April, which confirms its bearish trend. However, it is trading above the 50-day moving average since mid-September.
On Jul. 16, J.B. Hunt Transport saw its shares fall by over 3% in pre-market trading following the release of weaker-than-expected Q2 results. The company reported earnings and revenue of $1.32 per share and $2.93 billion, missing the Wall Street expectations of $1.51 per share and 3.04 billion.
Highlighting the contrast in performance, rival Knight-Swift Transportation Holdings Inc. (KNX) has outperformed JBHT, with a 6.1% gain over the 52 weeks.
Given JBHT's recent outperformance compared to the Dow, analysts are moderately optimistic about its prospects. The stock has a consensus rating of "Moderate Buy" from 19 analysts in coverage. The mean price target is $180.84, suggesting a premium of 3.6% to its current levels.
On the date of publication, Rashmi Kumari did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
