Knight Transportation Rating Increased to Neutral at Sterne Agee (KNX)
Knight Transportation (NYSE: KNX) was upgraded by Sterne Agee from an “underperform” rating to a “neutral” rating in a research note issued on Thursday. The firm currently has a $17.00 price target on the stock.
Several other analysts have also recently commented on the stock. Analysts at KeyBanc (NYSE: KEY) downgraded shares of Knight Transportation from a “buy” rating to a “hold” rating in a research note to investors on Tuesday. Separately, analysts at Wunderlich initiated coverage on shares of Knight Transportation in a research note to investors on Thursday, May 17th. They set a “buy” rating and a $20.00 price target on the stock. Finally, analysts at Avondale Partners upgraded shares of Knight Transportation from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, May 7th.
Knight Transportation opened at 17.01 on Thursday. Knight Transportation has a 1-year low of $12.63 and a 1-year high of $18.94. The company has a market cap of $1.355 billion and a price-to-earnings ratio of 22.59.
Knight Transportation last released its earnings data on Wednesday, April 25th. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.16 by $0.02. Knight Transportation’s revenue was up 17.7% compared to the same quarter last year. On average, analysts predict that Knight Transportation will post $0.24 earnings per share next quarter.
Knight Transportation, Inc. (Knight) is a provider of multiple truckload transportation services. The Company involves the movement of full trailer loads of freight from origin to destination for a single customer without intermediate stops or handling.