Knight Transportation Upgraded to Neutral at Zacks (KNX)
Knight Transportation (NYSE:KNX) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued on Thursday, Stock Ratings Network.com reports. The firm currently has a $22.30 price objective on the stock. Zacks‘ price objective suggests a potential upside of 4.43% from the stock’s previous close.
In other Knight Transportation news, VP James Jr. Updike unloaded 20,700 shares of Knight Transportation stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $21.35, for a total value of $441,945.00. Following the completion of the transaction, the vice president now directly owns 8,508 shares in the company, valued at approximately $181,646. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of other analysts have also recently weighed in on KNX. Analysts at KeyCorp raised their price target on shares of Knight Transportation from $20.00 to $22.00 in a research note on Friday, January 17th. Separately, analysts at Citigroup Inc. upgraded shares of Knight Transportation from a “neutral” rating to a “buy” rating in a research note on Thursday, January 9th. They now have a $22.00 price target on the stock, up previously from $17.00. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Knight Transportation in a research note on Monday, December 16th. They now have a $19.00 price target on the stock, up previously from $15.00. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $20.03.
Shares of Knight Transportation (NYSE:KNX) traded down 0.05% during mid-day trading on Thursday, hitting $21.78. 202,003 shares of the company’s stock traded hands. Knight Transportation has a 52 week low of $15.02 and a 52 week high of $21.82. The stock’s 50-day moving average is $20.09 and its 200-day moving average is $17.76. The company has a market cap of $1.745 billion and a price-to-earnings ratio of 25.34.
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. 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 1.12%. The ex-dividend date of this dividend is Wednesday, March 5th.
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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