Cowen & Co. Reaffirms Their Hold Rating on Knight Transportation (KNX)


In a report released yesterday, Jason Seidl from Cowen & Co. maintained a Hold rating on Knight Transportation (KNX), with a price target of $34. The company’s shares closed yesterday at $32.11.

According to TipRanks.com, Seidl is a 5-star analyst with an average return of 13.1% and a 67.0% success rate. Seidl covers the Services sector, focusing on stocks such as Covenant Transportation Group, Expeditors International, and Kansas City Southern.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Knight Transportation with a $41.40 average price target, a 28.9% upside from current levels. In a report issued on January 22, Wolfe Research also downgraded the stock to Hold.

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The company has a one-year high of $51.94 and a one-year low of $23.27. Currently, Knight Transportation has an average volume of 2.45M.

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Knight-Swift Transportation Holdings, Inc. is truckload carrier and also provides transportation solutions. The company operates through six segments: Knight Trucking, Knight Logistics, Swift Truckload, Swift Dedicated, Swift Refrigerated and Swift Intermodal. The Knight Trucking segment offers dry van, refrigerated and drayage services.

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