Knight Transportation Inc. Reaches New 12-Month High at $21.48 (KNX)
Knight Transportation (NYSE:KNX)’s share price reached a new 52-week high during trading on Thursday, Analyst Ratings News reports. The stock traded as high as $21.48 and last traded at $21.28, with a volume of 593,001 shares traded. The stock had previously closed at $20.79.
Several analysts have recently commented on the stock. Analysts at KeyCorp raised their price target on shares of Knight Transportation from $20.00 to $22.00 in a research note to investors on Friday, January 17th. Separately, analysts at Zacks downgraded shares of Knight Transportation from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, January 15th. They now have a $18.50 price target on the stock. Finally, 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 research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $19.61.
Knight Transportation has a 52 week low of $15.02 and a 52 week high of $21.47. The stock has a 50-day moving average of $19.05 and a 200-day moving average of $17.44. The company has a market cap of $1.729 billion and a P/E ratio of 25.05.
Knight Transportation (NYSE:KNX) last released its earnings data on Wednesday, January 29th. The company reported $0.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.21 by $0.04. The company had revenue of $249.70 million for the quarter, compared to the consensus estimate of $244.92 million. During the same quarter last year, the company posted $0.22 earnings per share. Knight Transportation’s revenue was up 3.1% compared to the same quarter last year. 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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