Brokerage Firm Rating Update on Knight Transportation (KNX)

Knight Transportation (KNX) : The consensus on Knight Transportation (KNX) based on 14 analyst recommendation on the company stock is 3.04, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 12 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Knight Transportation (KNX) stock is expected to deviate a maximum of $2.69 from the average target price of $27.35 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $30 and the most muted being $21.


Company shares have received an average consensus rating of Hold for the current week Also, Deutsche Bank maintains its rating on Knight Transportation (NYSE:KNX). The global brokerage major raises the current price target from $27 per share to $29 per share. The rating by the firm was issued on July 29, 2016.

Knight Transportation (NYSE:KNX): The stock opened at $28.3 and touched an intraday high of $28.79 on Wednesday. During the day, the stock corrected to an intraday low of $28.2, however, the bulls stepped in and pushed the price higher to close in the green at $28.72 with a gain of 1.66% for the day. The total traded volume for the day was 1,379,204. The stock had closed at $28.25 in the previous trading session.

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.