Analyst Rating Update on Knight Transportation (KNX)

Knight Transportation (NYSE:KNX) has an average broker rating of 2.97, which is interpreted as a Hold, as rated by 18 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 13 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Knight Transportation (NYSE:KNX) : The highest short term price target forecast on Knight Transportation (NYSE:KNX) is $32 and the lowest target price is $21. A total of 12 equity analysts are currently covering the company. The average price of all the analysts is $26.33 with a standard deviation of $3.26.

Company shares have received an average consensus rating of Hold for the current week Also, Avondale Partners downgrades its rating on Knight Transportation (NYSE:KNX). The global brokerage major lowers the current price target from $27 per share to $21 per share. Analysts at the Avondale Partners have a current rating of Market Underperform on the shares. The shares were previously rated Market Perform. The rating by the firm was issued on June 23, 2016.

Knight Transportation (NYSE:KNX): stock turned positive on Tuesday. Though the stock opened at $25.25, the bulls momentum made the stock top out at $25.42 level for the day. The stock recorded a low of $24.81 and closed the trading day at $25.21, in the green by 1.33%. The total traded volume for the day was 902,350. The stock had closed at $24.88 in the previous days trading.

In an insider trading activity,The director of Knight Transportation Inc, Madden G D sold 1,000 shares at $26.67 on May 11, 2016. The Insider selling transaction had a total value worth of $26,670. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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 4,173 tractors.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.