Barclays analyst Brandon Oglenski maintained a Buy rating on Knight Transportation (KNX – Research Report) yesterday and set a price target of $65.00. The company’s shares closed yesterday at $56.98.
Oglenski covers the Industrials sector, focusing on stocks such as XPO, Hub Group, and Knight Transportation. According to TipRanks, Oglenski has an average return of 4.6% and a 52.65% success rate on recommended stocks.
In addition to Barclays, Knight Transportation also received a Buy from Bank of America Securities’s Ken Hoexter in a report issued on January 16. However, on the same day, Susquehanna maintained a Hold rating on Knight Transportation (NYSE: KNX).
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KNX market cap is currently $9.19B and has a P/E ratio of 24.49.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KNX in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Knight Transportation (KNX) Company Description:
Knight-Swift Transportation Holdings, Inc. engages in the provision of multiple truckload transportation and logistics services. It operates through the following business segments: Trucking, Logistics, and Intermodal. The Trucking segment comprises irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations. The Logistics segment include brokerage and other freight management services. The Intermodal segment consists revenue generated by moving freight over the rail in the containers and other trailing equipment, combined with the revenue for drayage to transport loads between the railheads and customer locations. The company was founded on September 8, 2017 and is headquartered in Phoenix, AZ.
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