Stifel Nicolaus analyst J. Bruce Chan maintained a Buy rating on Knight Transportation (KNX – Research Report) on January 26 and set a price target of $60.00. The company’s shares closed last Friday at $57.33.
Bruce Chan covers the Industrials sector, focusing on stocks such as Forward Air, Hub Group, and CH Robinson. According to TipRanks, Bruce Chan has an average return of 4.1% and a 59.17% success rate on recommended stocks.
In addition to Stifel Nicolaus, Knight Transportation also received a Buy from Wells Fargo’s Allison Poliniak in a report issued on January 25. However, on the same day, Evercore ISI maintained a Hold rating on Knight Transportation (NYSE: KNX).
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The company has a one-year high of $63.71 and a one-year low of $45.62. Currently, Knight Transportation has an average volume of 1.9M.
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.
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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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