Trucking giant J.B. Hunt Transport saw its IBD Composite Rating roll up to a lofty 96 Tuesday, up from 92 the day before. The revised score means J.B. Hunt stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength.
Winning stocks often have a 95 or higher grade in the early stages of a new price run, so that's a good item to have on your checklist when looking for the best stocks to buy and watch.
J.B. Hunt Stock A Steady Eddie
J.B. Hunt stock is currently forming a consolidation, with a 218.28 entry. Its stock has been a steady Eddie over the years, continuing to grow at a good clip long-term.
Despite the market slump this year it's still risen more than 150% from a Covid crash low 75.30 in March 2020 to a 189.17 close Tuesday, up 1.6% for the day. It was the fourth day in a row it closed higher. See if J.B. Hunt stock can break out in volume at least 40% above average.
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Lowell, Ark.-based J.B. Hunt Transport reported a 37% earnings-per-share jump for Q3, to $2.57. Revenue grew 22% to $3.84 billion, a healthy gain though down from the prior quarter's 32% surge.
Institutions Buying Trucker's Stock
Among its other key ratings, J.B. Hunt stock has an also-outstanding 96 Earnings Per Share Rating, meaning its recent quarterly and longer-term annual earnings growth tops 96% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying of J.B. Hunt stock by institutional investors over the last 13 weeks.
J.B. Hunt stock earns the No. 5 rank among its peers in the Transportation-Truck industry group. Universal Logistics is the top-ranked stock within the group.
