Opinions
Jim Cramer - Mad Money
J.B. Hunt Transport Servces
JBHT-Q
BUY
Jan 18, 2023
Had a negative quarter with profit falling short by 17% and revenue growth missed expectations. It peaked in March 2020 and thrived during Covid (all transports did), but then plunged after demand dried up suddenly after Covid ended. It's taken a long time to work off the inventory glut and inflation hasn't helped. Shares peaked before their business peaked. Therefore, shares will bottom before the actual business bottoms. The recent conference call said that this glut is ending. Good news. The call said that the second half of 2023 will be better.
$184.795
Stock price when the opinion was issued
Transportation
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
You might be interested:
TOP PICK
Stockchase Research Editor: Michael O'Reilly JBHT recently released results, which resulted in a retracement in the rapid rise in the share price it had enjoyed in since end-September. The shipping company is benefitting from the e-commerce sales rebound, but the company has been temporarily impacted by a shortage of drivers and rising wage costs. Metrics on shipping were all supportive in the lasted earnings. We would trade this with a $110 stop-loss, looking to retract back up to recent highs of $142 – 15% upside. Yield 0.87%. (Analysts’ price target is $141.09)
Transportation
PAST TOP PICK
(A Top Pick Oct 20/20, Up 38.8%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with JBHT is progressing well. We are now recommending to trail up the stop (from $124) to $165. If triggered, this would all but insure a total investment return over 27%, including the previous recommendation to cover 50% of the position,
Transportation
PAST TOP PICK
(A Top Pick Oct 20/20, Up 32.6%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with JBHT has triggered its $165 stop. We recommend covering the balance of the position at this time. Combined with the previous recommendation to cover 50%, this creates a total investment return over 26%
Transportation
Advertising