Stifel Nicolaus Sticks to Its Buy Rating for Knight Transportation (KNX)
Stifel Nicolaus analyst J. Bruce Chan maintained a Buy rating on Knight Transportation today and set a price target of $61.00.
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According to TipRanks, Bruce Chan is a 4-star analyst with an average return of 5.4% and a 58.87% success rate. Bruce Chan covers the Industrials sector, focusing on stocks such as Knight Transportation, ArcBest, and TFI International.
In addition to Stifel Nicolaus, Knight Transportation also received a Buy from Barclays’s Eric Morgan in a report issued today. However, on the same day, Susquehanna 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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