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Tuesday, March 21, 2023

What Are The Chances Of J.B. Hunt Transport Services Inc. (NASDAQ: JBHT) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for J.B. Hunt Transport Services Inc. (JBHT) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.76, or -0.44%, to $170.93. The J.B. Hunt Transport Services Inc. has recorded 13,724 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that J.B. Hunt’s People-Focused Culture Earns National Recognitions From Forbes and Newsweek for Workplace Excellence.


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Stocks Info

As a NASDAQ listed company, JBHT falls under the Industrials sector while operating within the Integrated Freight & Logistics industry segment. At the end of the last regular session, the stock closed at $171.69 and fluctuated between $172.71 as its day high and $167.77 as its day low. The current market capitalization of J.B. Hunt Transport Services Inc. is $18.24B. A total of 0.7 million shares were traded on the day, compared to an average of 718.08K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, JBHT has seen 37 BUY and 39 SELL insider trades, representing the acquisition of 103,768 and the disposition of 57,105 shares. Over the last 12 months, there were 93 BUYs and 84 SELLs from insiders. Insiders purchased 161,905 shares during that period but sold 193,472.

In the most recent transaction, HARPER ALFRED C sold 5,300 shares of JBHT for 190.33 per share on Feb 13. After the transaction, the EVP, CSO now owns 32,556 company shares. In a previous transaction on Nov 11, Simpson Shelley sold 7,000 shares at 186.02 per share. JBHT shares that EVP, CCO & People/HR owns now total 77,630.

Among the insiders who sold shares, Frazier Spencer disposed of 1,000 shares on Nov 07 at a per-share price of $177.16. This resulted in the EVP of Sales and Marketing holding 3,060 shares of JBHT after the transaction. In another insider transaction, McGee Eric bought 210 shares at $167.75 per share on Sep 07. Company shares held by the EVP Highway Services now total 611.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. J.B. Hunt Transport Services Inc. pays an annual dividend of $1.68, resulting in a dividend yield of 0.98%, and it has a price to earnings (P/E) ratio of 18.65. JBHT’s most recent ex-dividend date was 2/9/2023 when it declared a $0.42 quarterly dividend that was paid in cash on 2/24/2023. Previously, the company paid the dividend on 11/18/2022 with an ex-dividend date of 11/3/2022. The JBHT stock dividend was $0.40 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for JBHT in the last 3 months, the mean price target is $194.09 with high estimates of $215.00 and low estimates of $162.00. In terms of 52-week highs and lows, JBHT has a high of $218.18 and a low of $153.92.

As of this writing, JBHT has an earnings estimate of $2.09 per share for the current quarter. EPS was calculated based on a consensus of 21 estimates, with a high estimate of $2.29 per share and a lower estimate of $1.73. The company reported an EPS of $2.57 in the last quarter, which was 4.90% higher than expectations of $2.45.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 26 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for JBHT is Sell with a score of 4.00. A total of 11 analysts rated the stock as Buy while 3 rated it as Overweight while 9 rated it as Hold. Among the other participants, 2 thought the stock was Underweight and 1 thought it should be Sold.

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