Knight Transportation Lowered to “Hold” at Wunderlich (KNX)
Knight Transportation (NYSE:KNX) was downgraded by investment analysts at Wunderlich from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports.
In other Knight Transportation news, VP James Jr. Updike sold 20,700 shares of the stock on the open market in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $21.35, for a total transaction of $441,945.00. Following the completion of the sale, the vice president now directly owns 8,508 shares of the company’s stock, valued at approximately $181,646. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
KNX has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of Knight Transportation from an “underperform” rating to a “neutral” rating in a research note on Thursday, February 13th. They now have a $22.30 price target on the stock. Separately, 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. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Knight Transportation currently has an average rating of “Hold” and a consensus target price of $20.03.
Knight Transportation (NYSE:KNX) opened at 21.69 on Wednesday. Knight Transportation has a 52 week low of $15.02 and a 52 week high of $22.11. The stock has a 50-day moving average of $20.4 and a 200-day moving average of $17.88. The company has a market cap of $1.738 billion and a P/E ratio of 25.62.
Knight Transportation (NYSE:KNX) last posted its quarterly 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. On average, analysts predict that Knight Transportation will post $0.98 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 28th. Shareholders of record on Friday, March 7th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.11%. The ex-dividend date 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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