Zacks Investment Research downgraded Knight Transportation (NYSE:KNX) to Sell in a report released today.
- Updated: October 3, 2016
Boasting a price of $29.00, Knight Transportation (NYSE:KNX) traded 1.08% higher on the day. With the last stock price close up 6.39% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Knight Transportation has recorded a 50-day average of $28.54 and a two hundred day average of $27.26. Volume of trade was down over the average, with 776,859 shares of KNX changing hands under the typical 958,794
Zacks Investment Research has downgraded Knight Transportation (NYSE:KNX) to Sell in a report released on 10/04/2016.
Previously on 9/16/2016, Citigroup reported on Knight Transportation (NYSE:KNX) increased the target price from $27.00 to $32.00. At the time, this indicated a possible upside of 0.10%.
With a total market value of $0, Knight Transportation has price-earnings ratio of 22.12 with a one year low of $20.56 and a one year high of $30.38 .
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. 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, through its Logistics segment.
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