In a report released today, Garrett Holland from Robert W. Baird maintained a Buy rating on Knight Transportation (KNX). The company’s shares closed last Thursday at $46.23, close to its 52-week high of $47.44.
According to TipRanks.com, Holland is a 2-star analyst with an average return of 6.2% and a 71.4% success rate. Holland covers the Industrial Goods sector, focusing on stocks such as Expeditors International, Norfolk Southern, and Landstar System.
Knight Transportation has an analyst consensus of Moderate Buy, with a price target consensus of $52.83, a 14.0% upside from current levels. In a report released today, Merrill Lynch also upgraded the stock to Buy with a $52.00 price target.
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The company has a one-year high of $47.44 and a one-year low of $27.54. Currently, Knight Transportation has an average volume of 1.72M.
Based on the recent corporate insider activity of 59 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-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.
