Knight Transportation Receives Average Rating of “Buy” from Brokerages (NYSE:KNX)
Shares of Knight Transportation (NYSE:KNX) have received a consensus recommendation of “Buy” from the twelve ratings firms that are currently covering the company, Stock Ratings Network.com reports. Five equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $23.20.
Knight Transportation (NYSE:KNX) opened at 23.92 on Tuesday. Knight Transportation has a one year low of $15.88 and a one year high of $26.32. The stock’s 50-day moving average is $24.13 and its 200-day moving average is $23.16. The company has a market cap of $1.934 billion and a price-to-earnings ratio of 24.38.
Knight Transportation (NYSE:KNX) last released its earnings data on Wednesday, July 23rd. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.04. The company had revenue of $264.20 million for the quarter, compared to the consensus estimate of $266.02 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. Analysts expect that Knight Transportation will post $1.10 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 26th. Shareholders of record on Friday, September 5th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Wednesday, September 3rd.
A number of research firms have recently commented on KNX. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Knight Transportation in a research note on Thursday, July 24th. They now have a $24.00 price target on the stock, up previously from $22.00. Separately, analysts at Robert W. Baird raised their price target on shares of Knight Transportation from $25.00 to $26.00 in a research note on Tuesday, July 8th. Finally, 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.
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.
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.