Analyst Rating Update on Knight Transportation (KNX)

Knight Transportation (KNX) : The consensus on Knight Transportation (KNX) based on 15 analyst recommendation on the company stock is 3.17, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 5 which endorses a Strong Sell on the stock. However, 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 12 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Knight Transportation (KNX) stock is expected to deviate a maximum of $3.29 from the average target price of $26.59 for the short term period. 11 Street Experts have initiated coverage on the stock with the most promising target being $30 and the most muted being $21.

Company shares have received an average consensus rating of Hold for the current week


Knight Transportation (NYSE:KNX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.55 and $28.40 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.91. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.62, notching a gain of 0.25% for the day. The total traded volume was 1,030,401 . The stock had closed at $28.55 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.

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