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Citigroup issued a report on Knight Transportation (NYSE:KNX), stepping up its price target to $32.00 earlier today

Only yesterday Knight Transportation (NYSE:KNX) traded 0.17% higher at $29.09. The company’s 50-day average is $28.65 and its two hundred day average is $26.95. With the last stock price up 8.18% from the two hundred day moving average, compared with the S&P 500 which has fallen -0.01% over the same time period. Trading volume was was down over the average, with 339,390 shares of KNX changing hands under the typical 986,389 shares..

Stating a possible upside of 0.10%, Citigroup raised the estimated target of Knight Transportation (NYSE:KNX) to $32

On 9/12/2016, Barclays Capital released a statement for Knight Transportation(NYSE:KNX) raised the target price from $26.00 to $27.00 that suggested a downside of -0.04%.

Performance Graph:

Knight Transportation (NYSE:KNX)

In addition to Citigroup reporting it’s price target, a total of 17 analysts have released a ratings update on the company. The 12-month target price is $26.24 with two analysts rating the stock a strong buy, four analysts rating the company a buy, 16 firms rating the stock a hold, one firm rating the company to underperform, and lastly 0 firms rating the stock as sell.

Knight Transportation has a one-year low of $20.56 and a 52 week high of $30.38 with a price-earnings ratio of 22. Knight Transportation’s market cap is presently $0.0.

More 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. The Company operates primarily in the United States with minor operations in Canada and Mexico. The Company’s Trucking segment consists of approximately three operating units: dry van truckload (Dry Van); temperature-controlled truckload (Refrigerated) and drayage services (Drayage). The Trucking segment provides truckload transportation, including services of various products, goods and materials. Its Logistics segment consists of approximately two operating units: freight brokerage services (Brokerage) and rail intermodal (Intermodal). The Company provides logistics, freight management and other non-trucking services to its customers, and through its Logistics segment.

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