Knight Transportation Stock Rating Lowered by Zacks (KNX)
Knight Transportation (NYSE:KNX) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Wednesday, American Banking & Market News reports. They currently have a $18.50 target price on the stock. Zacks‘ price target suggests a potential downside of 4.79% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. upgraded shares of Knight Transportation from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, January 9th. They now have a $22.00 price target on the stock, up previously from $17.00. 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. Knight Transportation presently has a consensus rating of “Hold” and an average price target of $19.15.
Knight Transportation (NYSE:KNX) traded up 0.05% on Wednesday, hitting $19.44. The stock had a trading volume of 242,167 shares. Knight Transportation has a 1-year low of $15.02 and a 1-year high of $19.74. The stock has a 50-day moving average of $18.29 and a 200-day moving average of $17.20. The company has a market cap of $1.557 billion and a price-to-earnings ratio of 23.41.
Knight Transportation (NYSE:KNX) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, meeting the 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 previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter 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.
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