Knight Transportation Inc. Hits New 52-Week High at $21.65 (KNX)
Knight Transportation (NYSE:KNX)’s share price hit a new 52-week high during mid-day trading on Monday , Analyst Ratings Network reports. The stock traded as high as $21.65 and last traded at $21.60, with a volume of 608,495 shares traded. The stock had previously closed at $21.52.
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 investment analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $19.61.
The stock’s 50-day moving average is $19.73 and its 200-day moving average is $17.63. The company has a market cap of $1.728 billion and a price-to-earnings ratio of 25.02.
Knight Transportation (NYSE:KNX) last announced its earnings results on Wednesday, January 29th. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.22 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. Analysts expect that Knight Transportation will post $0.98 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 28th. Stockholders of record on Friday, March 7th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Wednesday, March 5th.
In other Knight Transportation news, Chairman L Randy Knight sold 4,800 shares of the stock 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.
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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