Knight Transportation (KNX) – Research Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for Knight Transportation (NYSE: KNX):

  • 7/12/2017 – Knight Transportation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. They now have a $40.00 price target on the stock. According to Zacks, “KNIGHT TRANSPORTATION INC. is a short to medium-haul, dry van truckload carrier operating in the western region of the United States. Co. transports general commodities, including consumer goods, packaged foodstuffs, paper products, beverage containers and imported and exported commodities. “
  • 7/12/2017 – Knight Transportation was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/10/2017 – Knight Transportation had its “buy” rating reaffirmed by analysts at Bank of America Corporation. They now have a $43.00 price target on the stock, up previously from $41.00.
  • 7/5/2017 – Knight Transportation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $41.00 price target on the stock. According to Zacks, “KNIGHT TRANSPORTATION INC. is a short to medium-haul, dry van truckload carrier operating in the western region of the United States. Co. transports general commodities, including consumer goods, packaged foodstuffs, paper products, beverage containers and imported and exported commodities. “
  • 6/30/2017 – Knight Transportation was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 6/27/2017 – Knight Transportation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “KNIGHT TRANSPORTATION INC. is a short to medium-haul, dry van truckload carrier operating in the western region of the United States. Co. transports general commodities, including consumer goods, packaged foodstuffs, paper products, beverage containers and imported and exported commodities. “
  • 6/14/2017 – Knight Transportation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/12/2017 – Knight Transportation was upgraded by analysts at Stephens from an “equal weight” rating to an “overweight” rating. They now have a $42.00 price target on the stock, up previously from $36.00.

Knight Transportation, Inc. (KNX) traded down 0.13% during trading on Wednesday, reaching $37.00. 1,495,110 shares of the company were exchanged. The firm has a market capitalization of $2.98 billion, a PE ratio of 34.91 and a beta of 0.87. Knight Transportation, Inc. has a 12 month low of $26.85 and a 12 month high of $38.80. The stock has a 50 day moving average price of $35.99 and a 200 day moving average price of $33.64.

Knight Transportation (NYSE:KNX) last issued its quarterly earnings data on Wednesday, April 26th. The transportation company reported $0.18 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.18. The firm had revenue of $271.18 million for the quarter, compared to analysts’ expectations of $276.27 million. Knight Transportation had a net margin of 7.61% and a return on equity of 11.16%. The firm’s revenue was down .3% on a year-over-year basis. During the same period in the prior year, the company earned $0.28 EPS. On average, analysts expect that Knight Transportation, Inc. will post $1.02 EPS for the current fiscal year.

In related news, VP James E. Jr. Updike sold 2,800 shares of the stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $35.75, for a total value of $100,100.00. Following the sale, the vice president now directly owns 16,096 shares of the company’s stock, valued at approximately $575,432. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Kevin P. Knight sold 17,575 shares of the stock in a transaction dated Friday, April 28th. The shares were sold at an average price of $34.34, for a total transaction of $603,525.50. Following the completion of the sale, the insider now directly owns 2,761,738 shares in the company, valued at $94,838,082.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 48,844 shares of company stock worth $1,626,502. 9.90% of the stock is owned by corporate insiders.

Knight Transportation, Inc is a provider of multiple truckload transportation and logistics services, which involve the movement of trailer or container loads of freight from origin to destination for a single customer. The Company operates through two segments: Trucking and Logistics. Its Trucking segment consists of three operating units: dry van truckload, temperature-controlled truckload and drayage services.




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