In recent trading session, J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) saw 1,576,396 shares changing hands with its beta currently measuring 1.01. Company’s recent per share price level of $129.89 trading at -$11.95 or -8.42% at recent trade assigns it a market valuation of $13.66 Billion. That current trading price of JBHT’s stock is at a discount of -11.13% from its 52-week high price of $144.35 and is indicating a premium of 42.04% from its 52-week low price of $75.29. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 710.42 Million shares which gives us an average trading volume of 822.63 Million if we extend that period to 3-months.
For J.B. Hunt Transport Services, Inc. (JBHT), analysts’ consensus is at an average recommendation of Overweight while assigning it a mean rating of 2.5. Splitting up the data highlights that, out of 24 analysts covering the stock, none rated the stock as a Sell while 2 recommended an Overweight rating for the stock. 14 suggested the stock as a Hold whereas 7 see the stock as a Buy. 1 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $1.27 in the current quarter.
J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) trade information
In the face of being in the red today for losing -8.42%, in the last five days JBHT remained trading in the green while hitting it’s week-highest on Thursday, Oct 15 when the stock touched $142.6 price level, adding 8.31% to its value on the day. J.B. Hunt Transport Services, Inc.’s shares saw a change of 11.96% in year-to-date performance and have moved -3.31% in past 5-day. J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) showed a performance of -0.6% in past 30-days. Number of shares sold short was 1.66 Million shares which calculate 0 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $142.5 to the stock, which implies a rise of 9.71% to its current value. Analysts have been projecting $115 as a low price target for the stock while placing it at a high target of $155. It follows that stock’s current price would jump +19.33% in reaching the projected high whereas dropping to the targeted low would mean a loss of -11.46% for stock’s current value.
J.B. Hunt Transport Services, Inc. (JBHT) estimates and forecasts
Statistics highlight that J.B. Hunt Transport Services, Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company added +31.85% of value to its shares in past 6 months, showing an annual growth rate of -1.43% while that of industry is 0.7. Apart from that, the company came lowering its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to decline by -9.3% in the current quarter and calculating 4.4% increase in the next quarter. This year revenue growth is estimated to rise 1.2% from the last financial year’s standing.
16 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $2.36 Billion for the same. And 16 analysts are in estimates of company making revenue of $2.49 Billion in the next quarter that will end in December 01, 2020. Company posted $2.36 Billion and $2.45 Billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to drop by -0.2% while estimating it to be 1.5% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 8.5% during past 5 years. In 2020, company’s earnings growth rate is likely to be around 6.8% while estimates for its earnings growth in next 5 years are of 10.85%
J.B. Hunt Transport Services, Inc. is more likely to be releasing its next quarterly report between October 16 and October 16, 2020, and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 0.76%, the share has a forward dividend of 1.08 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 0.94%.
J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)’s Major holders
Insiders are in possession of 20.67% of company’s total shares while institution are holding 77.55% percent of that, with stock having share float percentage of 97.75%. Investors also watch the number of corporate investors in a company very closely, which is 613 institutions for J.B. Hunt Transport Services, Inc. that are currently holding shares of the company. Price (T.Rowe) Associates Inc is the top institutional holder at JBHT for having 14.95 Million shares of worth $1.8 Billion. And as of June 29, 2020, it was holding 14.17% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 10.08 Million shares on June 29, 2020. The number of shares represents firm’s hold over 9.55% of outstanding shares, having a total worth of $1.21 Billion.
On the other hand, Price (T.Rowe) Mid Cap Growth Fund and Eaton Vance Atlanta Capital SMID-Cap Fd are the top two Mutual Funds which own company’s shares. As of June 29, 2020, the former fund manager was holding 3200000 shares of worth $385.09 Million or 3.03% of the total outstanding shares. The later fund manager was in possession of 2.93 Million shares on June 29, 2020, making its stake of worth around $352.39 Million in the company or a holder of 2.78% of company’s stock.