Knight Transportation Chairman L Randy Knight Unloads 4,800 Shares (KNX)
Knight Transportation (NYSE:KNX) Chairman L Randy Knight unloaded 4,800 shares of the stock on the open market in a transaction dated Monday, February 3rd. The stock was sold at an average price of $20.85, for a total value of $100,080.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
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, five have issued a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $19.61.
Shares of Knight Transportation (NYSE:KNX) traded up 0.43% on Tuesday, hitting $20.85. The stock had a trading volume of 651,168 shares. Knight Transportation has a 52 week low of $15.02 and a 52 week high of $21.62. The stock has a 50-day moving average of $19.38 and a 200-day moving average of $17.53. The company has a market cap of $1.671 billion and a price-to-earnings ratio of 24.14.
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 $0.98 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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