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Stock analysts at KeyCorp hoisted their target price on shares of Knight Transportation (NYSE:KNX) from $20.00 to $22.00 in a report issued on Friday, American Banking and Market News reports. KeyCorp’s price target indicates a potential upside of 11.51% from the stock’s previous close.

Shares of Knight Transportation (NYSE:KNX) traded down 1.13% on Friday, hitting $19.507. 179,047 shares of the company’s stock traded hands. Knight Transportation has a one year low of $15.02 and a one year high of $19.74. The stock’s 50-day moving average is $18.35 and its 200-day moving average is $17.22. The company has a market cap of $1.562 billion and a P/E ratio of 23.77.

Knight Transportation (NYSE:KNX) last posted its quarterly 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.

A number of other analysts have also recently weighed in on KNX. Analysts at Zacks downgraded shares of Knight Transportation from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday. They now have a $18.50 price target on the stock. Separately, 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. Knight Transportation has a consensus rating of “Hold” and an average target price of $19.45.

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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