In a report released today, Jason Seidl from Cowen & Co. maintained a Hold rating on Knight Transportation (KNX), with a price target of $39.00. The company’s shares closed last Monday at $36.09.
According to TipRanks.com, Seidl is a top 100 analyst with an average return of 13.7% and a 69.7% success rate. Seidl covers the Services sector, focusing on stocks such as Covenant Transportation Group, Expeditors International, and Echo Global Logistics.
Currently, the analyst consensus on Knight Transportation is a Strong Buy with an average price target of $41.63.
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Based on Knight Transportation’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $79.21 million. In comparison, last year the company had a net profit of $106 million.
Based on the recent corporate insider activity of 50 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-Swift Transportation Holdings, Inc. engages as a 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.
