J.B. Hunt Transport Services (JBHT) : Traders are bullish on J.B. Hunt Transport Services (JBHT) as it has outperformed the S&P 500 by a wide margin of 1.68% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.79%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.96% in the last 1 week, and is up 1.13% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 1.42% and the 50-Day Moving Average is 0.09%.The 200 Day SMA reached 2.34%
J.B. Hunt Transport Services (NASDAQ:JBHT): After opening at $80.73, the stock dipped to an intraday low of $80.43 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $81.38 and the buying power remained strong till the end. The stock closed at $81.14 for the day, a gain of 0.92% for the day session. The total traded volume was 708,395. The stocks close on the previous trading day was $81.14.
J.B. Hunt Transport Services (JBHT) : Currently there are 13 street experts covering J.B. Hunt Transport Services (JBHT) stock. The most bullish and bearish price target for the stock is $96 and $77 respectively for the short term. The average price target of all the analysts comes to $89.39. The estimated standard deviation from the target is $5.58.
J.B. Hunt Transport Services, Inc. is a holding company that, together with its wholly owned subsidiaries, is engaged in providing surface transportation, delivery and logistics services. The Company operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The JBI segment includes freight that is transported by rail and certain repositioning truck freight moved by JBI equipment or third-party carriers. DCS segment includes company-owned and customer-owned DCS-operated revenue equipment and employee drivers assigned to a specific customer, traffic lane or service. ICS provides non-asset and asset-light transportation solutions. ICS services include flatbed, refrigerated, and less-than-truckload (LTL), as well as a variety of dry-van and intermodal solutions. JBT business includes full-load, dry-van freight that is typically transported utilizing company-owned or company-controlled revenue equipment.