Cowen & Co. Sticks to Their Hold Rating for Knight Transportation (KNX)


In a report released today, 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 $36.15.

According to TipRanks.com, Seidl is a top 100 analyst with an average return of 17.6% and a 77.1% success rate. Seidl covers the Services sector, focusing on stocks such as Covenant Transportation Group, Expeditors International, and Echo Global Logistics.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Knight Transportation with a $38.50 average price target.

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Knight Transportation’s market cap is currently $6.25B and has a P/E ratio of 15.32. The company has a Price to Book ratio of 1.14.

Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is negative on the stock.

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-Swift Transportation Holdings, Inc. is truckload carrier and provides transportation solutions. It operates through the following business segments: Trucking, Logistics, and Intermodal. The Trucking segment offers dry van, refrigerated and drayage services. The Logistics segment provides logistics, freight management and other non-trucking services.

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