Knight Transportation PT Raised to $17.00 (KNX)
Investment analysts at RBC Capital hoisted their price target on shares of Knight Transportation (NYSE:KNX) from $16.00 to $17.00 in a note issued to investors on Thursday, AnalystRatingsNetwork reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s target price would suggest a potential downside of 1.22% from the stock’s previous close.
Shares of Knight Transportation (NYSE:KNX) traded down 0.35% on Thursday, hitting $17.21. 603,706 shares of the company’s stock traded hands. Knight Transportation has a one year low of $13.74 and a one year high of $17.73. The stock’s 50-day moving average is $16.68 and its 200-day moving average is $16.47. The company has a market cap of $1.377 billion and a P/E ratio of 20.15.
Knight Transportation (NYSE:KNX) last announced its earnings results on Wednesday, October 23rd. The company reported $0.19 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.19. The company had revenue of $239.30 million for the quarter, compared to the consensus estimate of $241.96 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. On average, analysts predict that Knight Transportation will post $0.83 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Knight Transportation from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, October 10th. They now have a $15.60 price target on the stock. Analysts at Cowen and Company cut their price target on shares of Knight Transportation from $19.00 to $18.00 in a research note to investors on Wednesday, October 9th. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. Knight Transportation currently has an average rating of “Hold” and an average target price of $17.84.
Knight Transportation, Inc (NYSE:KNX) is a provider of multiple truckload transportation services, which generally involve the movement of full trailer or container loads of freight from origin to destination for a single customer.
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