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A report released today by JP Morgan about Knight Transportation (NYSE:KNX) ups the target price to $39.00

Yesterday Knight Transportation (NYSE:KNX) traded 1.06% higher at $40.85. The company’s 50-day moving average is $39.99 and its 200-day moving average is $35.98. The last stock close price is up 12.60% relative to the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the date range. Volume of trade was down over the average, with 535,700 shares of KNX changing hands under the typical 2,262,980

In a report released on 10/12/2017 JP Morgan increased the stock price target of Knight Transportation (NYSE:KNX) to $39.00 reporting a possible downside of -0.05%.

Previously on 10/02/2017, Barclays Capital released a statement about Knight Transportation (NYSE:KNX) increased the target price from $33.00 to $37.00. At the time, this indicated a possible downside of -0.10%.

Performance Chart

Knight Transportation (NYSE:KNX)

With a total market value of $0, Knight Transportation has price-earnings ratio of 41.77 with a one year low of $26.85 and a one year high of $44.45 .

A total of 17 equity analysts have released a ratings update on KNX. Two equity analysts rating the company a strong buy, four equity analysts rating the company a buy, sixteen equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $26.24.

Brief Synopsis About Knight Transportation (NYSE:KNX)

Knight Transportation, Inc. is a provider of multiple truckload transportation and logistics services, which involve the movement of trailer or container loads of freight from origin to destination for a single customer. The Company operates through two segments: Trucking and Logistics. Its Trucking segment consists of three operating units: dry van truckload, temperature-controlled truckload and drayage services. The Trucking segment provides truckload transportation, including services of various products, goods and materials. Its Logistics segment consists of two operating units: freight brokerage services and rail intermodal. It provides logistics, freight management and other non-trucking services to its customers, through its Logistics segment. It provides a range of truckload and logistics services through its nationwide network of service centers, truckload tractor fleets and its contractual access to third-party capacity providers. It operates primarily in the United States.

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