Trucking companies as growth stocks? The age of Covid has made it so. Once considered staid and old school, truckers like J.B. Hunt Transportation Services (JBHT) are showing renewed strength as America stretches its shipping muscles as the economy recovers. On Monday, the Relative Strength (RS) Rating for J.B. Hunt stock climbed to 72. The good news for investors interested in the company is that all of its other key ratings are even higher.
The 72 RS Rating means that trucking giant J.B. Hunt stock is outperforming 72% of all stocks, regardless of industry group. The best stocks often have an RS Rating north of 80 as they begin their biggest price moves. See if J.B. Hunt can continue to show renewed price strength and clear that threshold.
J.B. Hunt Stock Composite Rating Tops 91% Of Stocks
Among its other key ratings, Lowell, Ariz.-based J.B. Hunt has an 81 EPS Rating, putting it in the top 19% of all companies for recent and long-term profit growth. Its 91 Composite Rating further demonstrates renewed strength.
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.
In terms of top and bottom line numbers, the company has posted four quarters of increasing earnings growth. Sales gains have also risen over the same time frame. Last quarter, EPS jumped 41% to $1.61 on a 36% increase in revenue to $2.91 billion.
J.B. Hunt stock holds the No. 8 rank among its peers in the Transportation-Truck industry group. TFI International (TFII) and PAM Transportation Services (PTSI) are also among the group’s highest-rated stocks.
J.B. Hunt stock is within a buying range after moving past a 177.03 buy point in a cup-with-handle. The proper buying range is up to 5% above the initial entry. Once a stock hits that benchmark, it’s best to wait for it to set up another buying opportunity.
When you’re researching the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD’s proprietary Relative Strength Rating identifies market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock’s price action over the last 52 weeks compares to other publicly traded companies.
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