Knight Transportation (KNX) : Currently there are 10 street experts covering Knight Transportation (KNX) stock. The most bullish and bearish price target for the stock is $30 and $21 respectively for the short term. The average price target of all the analysts comes to $27.35. The estimated standard deviation from the target is $2.69.
Knight Transportation (KNX) : Zacks Investment Research ranks Knight Transportation (KNX) as 3, which is a Hold recommendation. 1 other analysts are mildly bullish on the stock and favor a Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 12 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 14 research analysts is 3.04, which indicates as a Hold.
Also, Deutsche Bank maintains their rating on the shares of Knight Transportation (NYSE:KNX). Equity Analysts at the Firm raises the price target to $29 per share from $27 per share. The rating by the firm was issued on July 29, 2016.
Knight Transportation (NYSE:KNX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.26 and $27.92 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.49. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.44, notching a gain of 1.21% for the day. The total traded volume was 587,145 . The stock had closed at $28.10 on the previous day.
Knight Transportation, Inc. is a provider of multiple truckload transportation and logistics services, which involve the movement of trailer or container loads of freight from origin to destination for a single customer. The Company operates in two segments: Trucking and Logistics. Trucking segment is comprised of three operating units: dry van truckload (Dry Van); temperature-controlled truckload (Refrigerated), and drayage services (Drayage). Trucking segment provides truckload transportation, including dedicated services of various products, goods and materials. Logistics segment consists of two operating units: freight brokerage services (Brokerage) and rail intermodal (Intermodal). The Brokerage and Intermodal operating units of Logistics segment provide a multitude of shipment solutions, including additional sources of truckload capacity and alternative transportation modes. As of 2014, Trucking segment operated an average of 4,173 tractors.