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Knight Transportation (NYSE:KNX) was upgraded by investment analysts at Stephens from an “equal weight” rating to an “overweight” rating in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm currently has a $31.00 target price on the stock, up from their previous target price of $25.00. Stephens’ price target indicates a potential upside of 22.29% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. 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. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $23.91.

Knight Transportation (NYSE:KNX) opened at 25.75 on Wednesday. Knight Transportation has a 52-week low of $15.88 and a 52-week high of $26.32. 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 $2.086 billion and a P/E ratio of 25.84.

Knight Transportation (NYSE:KNX) last released its earnings data on Wednesday, July 23rd. The company reported $0.31 earnings per share 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. 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 0.95%. 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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