Lowell, Arizona-based J.B. Hunt Transport Services, Inc. (JBHT) operates as a freight & logistics company. With a market cap of $15 billion, J.B. Hunt operates intermodal, dedicated contract services, integrated capacity solutions, final mile services, and truckload segments.
Companies worth $10 billion or more are generally described as "large-cap stocks," J.B. Hunt fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size and influence in the logistics industry.
Despite its strengths, JBHT has tanked 24.5% from its 52-week high of $200.40 touched on Nov. 11, 2024. Meanwhile, JBHT has plunged nearly 12% over the past three months, notably underperforming the ProShares Supply Chain Logistics ETF’s (SUPL) 2.9% dip during the same time frame.
J.B. Hunt’s performance has remained grim over the longer term as well. JBHT has plummeted 11.7% over the past six months and 21.9% over the past 52 weeks, compared to SUPL’s 11.3% decline over the past six months and 7.3% dip over the past year.
To confirm the downturn, JBHT has traded mostly below its 50-day moving average since mid-December 2024 and below its 200-day moving average since early February with some fluctuations.
J.B. Hunt Transport’s stock plunged 7.4% in the trading session after the release of its disappointing Q4 results on Jan. 16. Due to broader softness in demand, the company has continued to observe a decline in revenues. Although JBHT’s total revenues of $2.8 billion surpassed the Street’s estimates by a small margin, it was still down 4.8% compared to the year-ago quarter. Furthermore, its earnings of $1.53 per share missed the analysts’ bottom-line expectations by a notable 5.6% which unsettled investor confidence.
Although J.B. Hunt has performed slightly better than its peer Landstar System, Inc.’s (LSTR) 18.2% decline over the past six months, it has notably underperformed LSTR’s 18.2% drop over the past year.
However, analysts remain optimistic about the company’s longer-term prospects. Among the 23 analysts covering the JBHT stock, the consensus rating is a “Moderate Buy.” Its mean price target of $184.64 suggests a 22% upside potential from current price levels.
On the date of publication, Aditya Sarawgi 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.
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