Stock On the Run: Knight Transportation, Inc. (NYSE:KNX)

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Knight Transportation, Inc. (NYSE:KNX)

Loop Capital Initiates Coverage On Knight Transportation, Inc. (NYSE:KNX)’s stock to Buy with the price target of $45. This rating was issued on 10/02/18. The stock recently closed its previous session at $30.72 by showing a percentage change of -3.06% from its previous day closing price of $31.69.

Price Target is basically a projection of future price of a company’s stock by the expert analysis of investment analysts or investment firms. There may be various price targets for a stock. These analysts and investment firms use various valuation methods to decide a price target for a stock.

Several investment firms issued their expert ratings on Knight Transportation, Inc. (NYSE:KNX) in which Credit Suisse Maintains Knight Transportation, Inc. (NYSE:KNX) to Neutral by settling a price target of $37 on 7/26/18. UBS Maintains the stock to Buy on 7/26/18 by stationing a price target of $42. Morgan Stanley Maintains the company’s stock to Overweight on 7/26/18 by setting a price target of $55. Buckingham Maintains Knight Transportation, Inc. (NYSE:KNX) to Buy with a price target of $54.

Knight Transportation, Inc. (NYSE:KNX) currently has a consensus Price Target of $44.65. While some analysts have a High Price target for the stock of $60 and a Low Price Target of $35.

Several sell side analysts reviewed their recommendations on Knight Transportation, Inc. (NYSE:KNX) where 3 analyst have rated the stock as Strong Buy, 3 analysts said it’s a Buy, 6 rated the stock as Hold, 0 analysts reported Underperform and 0 analysts gave their recommendations as Sell. (Current Month Yahoo Finance Ratings)

Zacks Investment Research also rated the stock with a value of 1.43. This scale runs from 1 to 5 where 1 represents Strong Buy and 5 represents Sell.

In the last Quarter, Knight Transportation, Inc. (NYSE:KNX) reported its Actual EPS of $0.56/share. The analysts offering Earnings Estimates for the company were believing that Knight Transportation, Inc. (NYSE:KNX) could bring EPS of $0.57/share. The difference between Actual EPS and Estimated EPS was -0.01 Percent. Thus the company showed an Earnings Surprise of -1.8 Percent.

Knight Transportation, Inc. (NYSE:KNX) has a market capitalization of 5.47 Billion. The stock traded with the volume of 3.73 Million shares in the last trading session. The stock touched its high share price of $51.94 on 01/31/18 and the stock also touched its Lowest price in the last 52-weeks of trading on 07/26/18 as $29.00. The company has a 1 Year high price target of $45.35. The stock is currently trading with a distance of 20-Day Simple Moving Average (SMA20) of -10.91%. The Moving Average SMA50 is -9.63% while SMA200 is -24.79%.

Knight Transportation, Inc. (NYSE:KNX) is currently showing its ROA (Return on Assets) of 8%. The Return on Investment (ROI) is at 2.1% while it’s Return on Equity (ROE) value stands at 11.8%. The stock currently shows its YTD (Year to Date) performance of -29.73 percent while its Weekly performance value is -6.43%. The Monthly and Yearly performances are -14.83 percent and -23.37 percent respectively. The Relative Volume value measured for Knight Transportation, Inc. (NYSE:KNX) is 1.31. The Average Volume (3 months) is 2.84 Million.

The stock currently has its Annual Dividend of $0.24 and an annual Dividend Yield of 0.78 Percent. KNX has P/E (Price to Earnings ttm) value of 21.91, Forward P/E of 11.44, P/C (Price to cash per share) of 48.43 and Price to Free Cash Flow (P/FCF) value of 0. The stock is showing its Operating Margin of 8.2 percent.

Company Profile:

Knight-Swift Transportation Holdings Inc., is the largest provider of truckload services in North America. Through its Knight Transportation, Swift Transportation and Barr-Nunn branded subsidiaries, it operates truckload fleet primarily in North America as well as extensive rail intermodal and non-asset based freight brokerage and logistics management services. The Company offers dry van, cross border freight transportation, fleet solutions, consulting, brokerage, equipment leasing, temperature controlled transport, and engineering services. Knight-Swift Transportation Holdings serves customers in North America. Knight-Swift Transportation Holdings Inc., formerly known as Knight Transportation Inc., is headquartered in Phoenix, Arizona.