Monthly Stock Report: J.B. Hunt Transport Services, Inc. (JBHT)
Publication Date: September 22, 2024
Company Overview
J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) is a leading provider of integrated freight and logistics solutions, based in Lowell, Arkansas. Established in 1961, the company operates within the industrials sector and offers a broad array of services through its five distinct segments: Intermodal, Dedicated Contract Services, Integrated Capacity Solutions, Final Mile Services, and Truckload. With a large fleet that includes thousands of company-owned trucks and trailers, JBHT caters to various industries with innovative supply chain and logistics management solutions. The company’s robust financial performance is highlighted by a revenue of approximately $12.34 billion, putting it in a strong position within the Integrated Freight & Logistics industry.
Stock Performance and Analyst Insights
At present, J.B. Hunt’s stock trades at $169.01, with analysts projecting a target high price of $211.00, affirming bullish sentiment regarding the company’s growth potential. The target mean price is estimated at $180.37, while the median target stands at $185.00, all suggesting an upward trajectory in the stock’s valuation. Notably, JBHT has a total of 101,987,000 shares outstanding, with only 1.75% of the float shorted, indicating a generally optimistic outlook among investors. With 19 analyst opinions contributing to the assessment, the stock holds a recommendation score of 2.1, reflecting a consensus “buy” rating, which conveys confidence in the company’s future performance.
Market Trends and Volatility
Over the past year, JBHT has experienced a wide price range, with a fifty-two week high of $219.51 and a low of $153.12, demonstrating market volatility. As of now, the current price slightly exceeds the fifty-day moving average of $168.98, indicating stable short-term performance. While the favorable revenue figures and analyst ratings suggest potential for significant gains, investors should be mindful of inherent risks, given the stock’s recent fluctuations. As the logistics and transportation landscape evolves, the position and strategic initiatives of J.B. Hunt will be crucial in leveraging growth opportunities amid market dynamics.
| Metric | Value |
|---|---|
| Market Cap | $17.2b |
| Total Debt | $1.9b |
| Total Cash | $53.5m |
| Shares Outstanding | 102.0m |
| Float Shares | 80.3m |
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