Knight Transportation PT Raised to $26.00 at Robert W. Baird (KNX)
Analysts at Robert W. Baird raised their target price on shares of Knight Transportation (NYSE:KNX) from $25.00 to $26.00 in a research report issued to clients and investors on Tuesday. Robert W. Baird’s price target points to a potential upside of 7.04% from the company’s current price.
Knight Transportation (NYSE:KNX) traded up 1.00% on Tuesday, hitting $24.29. 555,506 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 has a 50-day moving average of $23.90 and a 200-day moving average of $22.33. The company has a market cap of $1.963 billion and a price-to-earnings ratio of 26.72.
Knight Transportation (NYSE:KNX) last posted its quarterly earnings results 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 $1.04 EPS for the current fiscal year.
KNX has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Knight Transportation from an “outperform” rating to a “neutral” rating in a research note on Monday, June 30th. They now have a $26.50 price target on the stock. Separately, analysts at Barclays raised their price target on shares of Knight Transportation from $19.00 to $23.00 in a research note on Monday, June 30th. They now have an “equal weight” rating on the stock. Finally, 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. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $23.23.
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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