Knight Transportation (KNX) : Zacks Investment Research ranks Knight Transportation (KNX) as 5, which is a Strong Sell recommendation. 1 other analysts are mildly bullish on the stock and favor a Buy. 2 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 15 research analysts is 3.17, which indicates as a Hold.
Knight Transportation (KNX) : The consensus price target for Knight Transportation (KNX) is $26.77 for the short term with a standard deviation of $3.19. The most optimist securities analyst among the 11 who monitor the stock believes that the stock can reach $30, however, the pessimist price target for the company is $21.
Company shares have received an average consensus rating of Hold for the current week Knight Transportation (NYSE:KNX): The stock opened at $28.76 on Thursday but the bulls could not build on the opening and the stock topped out at $29.03 for the day. The stock traded down to $28.49 during the day, due to lack of any buying support eventually closed down at $28.49 with a loss of -0.25% for the day. The stock had closed at $28.56 on the previous day. The total traded volume was 1,083,187 shares.
In a related news,The director officer (Executive Chairman) of Knight Transportation Inc, Knight Kevin P sold 500,000 shares at $28.96 on August 3, 2016. The Insider selling transaction had a total value worth of $14,480,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.