Knight Transportation (KNX) Receives a Buy from Stifel Nicolaus
In a report released today, J. Bruce Chan from Stifel Nicolaus maintained a Buy rating on Knight Transportation, with a price target of $63.00.
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Bruce Chan covers the Industrials sector, focusing on stocks such as Hub Group, JB Hunt, and Knight Transportation. According to TipRanks, Bruce Chan has an average return of 5.4% and a 58.87% success rate on recommended stocks.
In addition to Stifel Nicolaus, Knight Transportation also received a Buy from Bank of America Securities’s Ken Hoexter in a report issued on January 9. However, on January 12, Evercore ISI maintained a Hold rating on Knight Transportation (NYSE: KNX).
Based on Knight Transportation’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.93 billion and a net profit of $7.86 million. In comparison, last year the company earned a revenue of $1.88 billion and had a net profit of $30.46 million
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KNX in relation to earlier this year. Last month, Kevin P. Knight, the EC of KNX sold 35,000.00 shares for a total of $1,785,350.00.
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