Barclays Remains a Buy on Knight Transportation (KNX)

In a report released today, Eric Morgan from Barclays maintained a Buy rating on Knight Transportation, with a price target of $65.00.

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Morgan covers the Industrials sector, focusing on stocks such as XPO, Old Dominion Freight, and Heartland Express. According to TipRanks, Morgan has an average return of 13.9% and a 55.07% success rate on recommended stocks.

In addition to Barclays, Knight Transportation also received a Buy from Stifel Nicolaus’s J. Bruce Chan in a report issued yesterday. 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.