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Analysts Offer Insights on Industrial Goods Companies: Knight Transportation (KNX), TriNet Group (TNET) and Trex Company (TREX)

Tipranks - Sat Jun 6, 1:16PM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on Knight Transportation (KNX), TriNet Group (TNET) and Trex Company (TREX) with bullish sentiments.

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Knight Transportation (KNX)

TD Cowen analyst Jason Seidl reiterated a Buy rating on Knight Transportation on June 1 and set a price target of $75.63. The company’s shares closed last Friday at $79.02.

According to TipRanks.com, Seidl is a top 100 analyst with an average return of 26.6% and a 70.7% success rate. Seidl covers the Industrial Goods sector, focusing on stocks such as Expeditors International, Covenant Logistics Group, and Old Dominion Freight. ;'>

Currently, the analyst consensus on Knight Transportation is a Strong Buy with an average price target of $76.04, representing a -1.7% downside. In a report issued on June 2, Susquehanna also upgraded the stock to Buy with a $90.00 price target.

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TriNet Group (TNET)

In a report released today, David Grossman from Stifel Nicolaus maintained a Buy rating on TriNet Group, with a price target of $70.00. The company’s shares closed last Friday at $46.84.

According to TipRanks.com, Grossman is a 3-star analyst with an average return of 0.8% and a 47.6% success rate. Grossman covers the Technology sector, focusing on stocks such as International Business Machines, Automatic Data Processing, and Exlservice Holdings. ;'>

TriNet Group has an analyst consensus of Hold, with a price target consensus of $51.80.

Trex Company (TREX)

In a report released today, Kurt Yinger from D.A. Davidson maintained a Buy rating on Trex Company. The company’s shares closed last Friday at $39.78.

According to TipRanks.com, Yinger is a 4-star analyst with an average return of 11.5% and a 52.9% success rate. Yinger covers the Industrial Goods sector, focusing on stocks such as Bluelinx Holdings, Louisiana-Pacific, and TopBuild. ;'>

Trex Company has an analyst consensus of Hold, with a price target consensus of $46.63, a 17.6% upside from current levels. In a report issued on June 2, Truist Financial also maintained a Buy rating on the stock.

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