Knight Transportation (KNX) Receives Analyst Rating

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.

Knight Transportation (KNX) : The highest level Knight Transportation (KNX) is projected to reach is $30 for the short term and the lowest estimate is at $21. The consolidated price target from 11 rating analysts who initiate coverage on the stock is $27.32 and the possibility the share price can swing is $2.55.


Also, Deutsche Bank maintains its view on Knight Transportation (NYSE:KNX) according to the research report released by the firm to its investors. Deutsche Bank raises the price target from $27 per share to $29 per share on Knight Transportation . The rating by the firm was issued on July 29, 2016.

Knight Transportation (NYSE:KNX): After opening at $28.68, the stock dipped to an intraday low of $28.59 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $29.25 and the buying power remained strong till the end. The stock closed at $29.1 for the day, a gain of 1.54% for the day session. The total traded volume was 874,599. The stocks close on the previous trading day was $28.66.

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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