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Wells Fargo Sticks to Their Buy Rating for Knight Transportation (KNX)

Tipranks - Sat May 30, 4:44AM CDT

Wells Fargo analyst Christian Wetherbee maintained a Buy rating on Knight Transportation yesterday and set a price target of $65.00. The company’s shares closed yesterday at $75.02.

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Wetherbee covers the Industrials sector, focusing on stocks such as FedEx, American Airlines, and Delta Air Lines. According to TipRanks, Wetherbee has an average return of 15.5% and a 64.03% success rate on recommended stocks.

Knight Transportation has an analyst consensus of Strong Buy, with a price target consensus of $73.00, a -2.69% downside from current levels. In a report released on May 27, Bank of America Securities also reiterated a Buy rating on the stock with a $84.00 price target.

Based on Knight Transportation’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.85 billion and a GAAP net loss of $1.32 million. In comparison, last year the company earned a revenue of $1.82 billion and had a net profit of $30.64 million

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