Knight Transportation Sets New 12-Month High at $26.36 (KNX)
Knight Transportation (NYSE:KNX) hit a new 52-week high during mid-day trading on Wednesday , Analyst Ratings.Net reports. The stock traded as high as $26.36 and last traded at $25.91, with a volume of 489,043 shares traded. The stock had previously closed at $25.81.
A number of research firms have recently commented on KNX. Analysts at Stephens upgraded shares of Knight Transportation from an “equal weight” rating to an “overweight” rating in a research note on Wednesday. They now have a $31.00 price target on the stock, up previously from $25.00. Separately, 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. Finally, 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. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $23.91.
The stock has a 50-day moving average of $24.44 and a 200-day moving average of $23.54. The company has a market cap of $2.088 billion and a P/E ratio of 26.25.
Knight Transportation (NYSE:KNX) last posted its quarterly earnings results 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. Stockholders 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 0.93%. The ex-dividend date of this dividend is Wednesday, September 3rd.
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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