The global supply chain is clogged up because of the continuing pandemic. In the U.S. hundreds of ships are backed up at the biggest ports, which in turn impacts truckers and railroads. Still, shares of trucking giant J.B. Hunt Transport (JBHT) are trading near the all-time high, perhaps on expectations of stronger revenue and profits as goods begin to flow more smoothly through the system. On Monday, the Relative Strength (RS) Rating for J.B. Hunt stock climbed to 72, up from 68 the day before.
The 72 RS Rating puts the Lowell, Ark.-based company in the top 28% of all stocks in terms of stock price performance over the past year.
J.B. Hunt Stock’s Other Key Ratings Higher
Stocks that go on to make the biggest gains typically have an 80 or higher RS Rating in the early stages of their moves. See if J.B. Hunt can continue to rebound and hit that benchmark.
Among other key ratings, J.B. Hunt stock has an 88 Composite Rating.
IBD’s Composite Rating combines five separate proprietary ratings of fundamental and technical performance into one easy-to-use rating. The best growth stocks have a Composite Rating of 90 or better.
J.B. Hunt’s 81 EPS Rating, shows strong recent quarters and long-term profit growth. One yellow flag is its D- Accumulation/Distribution Rating, on an A+ to E scale with A+ tops. The D- rating indicates more selling by institutional investors than buying.
However, J.B. Hunt stock continues to perform well. It’s more than doubled from an intraday low of 75.29 in late March 2020, as the Covid market crash bottomed, to 175.48 Monday afternoon, up about 1% for the day. It hit a record high 184.38 at the end of August this year before consolidating. On Monday it was on track to rise for the fifth day in the past six days.
Taking a look at top and bottom line numbers, J.B. Hunt has posted rising EPS growth in each of the last four reports. Revenue gains have also increased over the same time frame. Last quarter, earnings shot up 41% to $1.61 on a 35% rise in revenue to $2.91 billion. The full truckload containerized load hauler is expected to report its next quarterly numbers on or around Oct. 16.
Peers In Transport Group
J.B. Hunt stock broke out earlier, but has fallen back below the prior 177.03 entry from a cup with handle. It should be noted that its most recent consolidation is a later-stage base. Later stage bases can yield strong gains but are riskier than first or second stage bases.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD’s proprietary Relative Strength Rating measures share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price movement over the trailing 52 weeks compares to all the other stocks in our database.
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