Barclays Maintains Knight Transportation to Equal-weight with Price Target $27.00

Brokerage firm Barclays Maintains its rating on Knight Transportation(NYSE:KNX). In a research note issued to the investors, the brokerage major Raises the price-target to $27.00 per share. The shares have been rated Equal-weight. The rating by Barclays was issued on Sep 12, 2016.

In a different note, On Jul 29, 2016, Deutsche Bank said it Maintains its rating on Knight Transportation. In the research note, the firm Raises the price-target to $27.00 per share. On Jul 29, 2016, Deutsche Bank said it Maintains its rating on Knight Transportation. In the research note, the firm Raises the price-target to $27.00 per share. The shares have been rated ‘Hold’ by the firm. On Jul 28, 2016, UBS said it Maintains its rating on Knight Transportation. In the research note, the firm Raises the price-target to $25.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 28, 2016, Macquarie said it Downgrades its rating on Knight Transportation. The shares have been rated ‘Neutral’ by the firm. On Jul 13, 2016, Citigroup said it Maintains its rating on Knight Transportation. In the research note, the firm Raises the price-target to $25.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 11, 2016, Citigroup said it Maintains its rating on Knight Transportation. In the research note, the firm Raises the price-target to $25.00 per share. The shares have been rated ‘Neutral’ by the firm.

Knight Transportation (KNX) shares turned negative on Tuesdays trading session with the shares closing down -0.51 points or -1.74% at a volume of 4,33,934. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $29.4. The peak price level was also seen at $29.4 while the days lowest was $28.73. Finally the shares closed at $28.74. The 52-week high of the shares is $30.38 while the 52-week low is $20.56. According to the latest information available, the market cap of the company is $2,300 M.

Knight Transportation(KNX) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $276.32M. Analysts had an estimated revenue of $282.31M. Earnings per share were $0.31. Analysts had estimated an EPS of $0.30.

Several Insider Transactions has been reported to the SEC. On Aug 31, 2016, Gary J Knight (Vice Chairman) sold 300,000 shares at $28.38 per share price.Also, On Aug 9, 2016, Wayne Yu (VP of Accounting & Finance) sold 3,200 shares at $29.59 per share price.On Aug 5, 2016, Kevin P Knight (Executive Chairman) sold 500,000 shares at $28.96 per share price, according to the Form-4 filing with the securities and exchange commission.

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 4173 tractors.

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