Knight Transportation Given Consensus Rating of “Buy” by Brokerages (NYSE:KNX)
Knight Transportation (NYSE:KNX) has received an average rating of “Buy” from the twelve brokerages that are presently covering the company, American Banking & Market News reports. Five analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $23.20.
Knight Transportation (NYSE:KNX) opened at 23.68 on Tuesday. Knight Transportation has a 52 week low of $15.88 and a 52 week high of $26.32. The stock’s 50-day moving average is $24.19 and its 200-day moving average is $23.23. The company has a market cap of $1.919 billion and a price-to-earnings ratio of 24.53.
Knight Transportation (NYSE:KNX) last announced its earnings results on Wednesday, July 23rd. The company reported $0.31 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.24 earnings per share. Knight Transportation’s revenue was up 7.9% compared to the same quarter last year. 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. Investors 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 1.02%. The ex-dividend date of this dividend is Wednesday, September 3rd.
KNX has been the subject of a number of recent research reports. 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.
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