Knight Transportation Inc. Sets New 1-Year High at $18.71 (KNX)
Knight Transportation (NYSE:KNX) set a new 52-week high during trading hours on Tuesday, American Banking & Market News reports. The company traded as high as $18.71 and last traded at $18.71, with a volume of 596,731 shares. The stock had previously closed at $18.29.
A number of research firms have recently commented on KNX. Analysts at Zacks upgraded shares of Knight Transportation from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 17th. They now have a $18.40 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Knight Transportation in a research note to investors on Monday, December 16th. They now have a $19.00 price target on the stock, up previously from $15.00. Finally, analysts at JPMorgan Chase & Co. upgraded shares of Knight Transportation from a “neutral” rating to an “overweight” rating in a research note to investors on Monday, December 2nd. They now have a $22.00 price target on the stock, up previously from $17.00. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $18.64.
Knight Transportation has a 1-year low of $14.94 and a 1-year high of $18.66. The stock has a 50-day moving average of $18.00 and a 200-day moving average of $17.09. The company has a market cap of $1.504 billion and a P/E ratio of 22.04.
Knight Transportation (NYSE:KNX) last released its earnings data 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.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.