Evercore ISI Reaffirms Their Hold Rating on Knight Transportation (KNX)

In a report released today, Jonathan Chappell from Evercore ISI maintained a Hold rating on Knight Transportation, with a price target of $61.00.

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According to TipRanks, Chappell is a 5-star analyst with an average return of 17.1% and a 63.93% success rate. Chappell covers the Industrials sector, focusing on stocks such as XPO, Knight Transportation, and Old Dominion Freight.

In addition to Evercore ISI, Knight Transportation also received a Hold from UBS’s Thomas Wadewitz in a report issued today. However, on the same day, Citi maintained a Buy 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.