KeyBanc Cuts Knight Transportation to Hold (KNX)

By admin | 6 years ago

Knight Transportation (NYSE: KNX) was downgraded by equities researchers at KeyBanc (NYSE: KEY) from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Shares of Knight Transportation traded up 0.50% during mid-day trading on Tuesday, hitting $16.09. Knight Transportation has a one year low of $12.63 and a one year high of $18.94. The company has a market cap of $1.282 billion and a P/E ratio of 21.26.

Knight Transportation last issued its quarterly earnings data on Wednesday, April 25th. The company reported $0.18 earnings per share for the quarter, beating the analysts’ 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.

A number of other firms have also recently commented on KNX. 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. Separately, 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. Finally, analysts at Wells Fargo & Co. (NYSE: WFC) upgraded shares of Knight Transportation from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, April 26th.

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.

About the author