Knight Transportation Stock Rating Lowered by Zacks (KNX)
Knight Transportation (NYSE:KNX) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Monday. They currently have a $26.50 target price on the stock. Zacks‘s price target would suggest a potential upside of 12.05% from the stock’s previous close.
Knight Transportation (NYSE:KNX) traded up 0.68% on Monday, hitting $23.81. 82,594 shares of the company’s stock traded hands. Knight Transportation has a 52-week low of $15.88 and a 52-week high of $25.00. The stock’s 50-day moving average is $23.69 and its 200-day moving average is $21.99. The company has a market cap of $1.924 billion and a P/E ratio of 26.28.
Knight Transportation (NYSE:KNX) last released its earnings data on Wednesday, April 23rd. The company reported $0.23 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.23. The company had revenue of $249.20 million for the quarter, compared to the consensus estimate of $246.50 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis. Analysts expect that Knight Transportation will post $1.03 EPS for the current fiscal year.
A number of other firms have also recently commented on KNX. Analysts at Barclays raised their price target on shares of Knight Transportation from $19.00 to $23.00 in a research note on Monday. They now have an “equal weight” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Knight Transportation in a research note on Tuesday, April 22nd. They now have a $21.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Knight Transportation in a research note on Tuesday, April 15th. They now have a $27.00 price target on the stock. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Knight Transportation presently has a consensus rating of “Hold” and a consensus target price of $23.05.
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.
To view Zacks’ full report, visit Zacks’ official website.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.