Knight Transportation (NYSE:KNX): 12 Analyst have given the stock of Knight Transportation (NYSE:KNX) a near short term price target of $26.92. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $2.84. The higher price target estimate is at $32 while the lower price estimates are fixed at $21.
Many analysts have stated their opinion on the company shares. Major Brokerage house, Barclays downgrades its ratings on Knight Transportation (NYSE:KNX). In the latest research report, Barclays maintains the target price to $24 per share. According to the latest information available, the shares are now rated Equal-weight by the analysts at the agency. Previously, the analysts had a Overweight rating on the shares. The rating by the firm was issued on April 7, 2016. Company shares have received an average consensus rating of Hold for the current week
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Madden G D, director of Knight Transportation Inc, had unloaded 1,000 shares at an average price of $26.67 in a transaction dated on May 11, 2016. The total value of the transaction was worth $26,670.
Knight Transportation (NYSE:KNX) : On Monday heightened volatility was witnessed in Knight Transportation (NYSE:KNX) which led to swings in the share price. The stock opened for trading at $26.39 and hit $26.95 on the upside , eventually ending the session at $26.71, with a gain of 0.6% or 0.16 points. The heightened volatility saw the trading volume jump to 969,607 shares. The 52-week high of the share price is $29 and the company has a market cap of $2,142 million. The 52-week low of the share price is at $20.56 .
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.