Knight Transportation (KNX) was Reiterated by Cowen to “Market Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 27 from a previous price target of $26 . Cowen advised their investors in a research report released on Apr 21, 2016.
Many Wall Street Analysts have commented on Knight Transportation. Barclays Downgraded Knight Transportation on Apr 7, 2016 to ” Equal Weight”, Price Target of the shares are set at $24.Cowen Downgraded Knight Transportation on Mar 21, 2016 to ” Market Perform”, Price Target of the shares are set at $26.Knight Transportation was Downgraded by Avondale to ” Mkt Perform” on Mar 14, 2016.
On the company’s financial health, Knight Transportation reported $0.28 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Apr 20, 2016. Analyst had a consensus of $0.29. The company had revenue of $272.10 million for the quarter, compared to analysts expectations of $279.41 million. The company’s revenue was down -6.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.36 EPS.
Knight Transportation opened for trading at $26.04 and hit $26.83 on the upside on Monday, eventually ending the session at $26.35, with a gain of 0.69% or 0.18 points. The heightened volatility saw the trading volume jump to 11,55,356 shares. Company has a market cap of $2,125 M.
In a different news, on Mar 15, 2016, Kathryn L Munro (director) sold 1,000 shares at $25.86 per share price. According to the SEC, on Mar 10, 2016, Richard J Lehmann (director) sold 768 shares at $25.64 per share price. On Mar 8, 2016, David A Jackson (President and CEO) sold 4,102 shares at $26.10 per share price, according to the Form-4 filing with the securities and exchange commission.
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 in two segments: Trucking and Logistics. Trucking segment is comprised of three operating units: dry van truckload (Dry Van); temperature-controlled truckload (Refrigerated) and drayage services (Drayage). Trucking segment provides truckload transportation including dedicated services of various products goods and materials. Logistics segment consists of two operating units: freight brokerage services (Brokerage) and rail intermodal (Intermodal). The Brokerage and Intermodal operating units of Logistics segment provide a multitude of shipment solutions including additional sources of truckload capacity and alternative transportation modes. As of 2014 Trucking segment operated an average of 4173 tractors.