Knight Transportation (NYSE: KNX) was downgraded by analysts at BB&T Corp. to a “hold” rating in a research report issued to clients and investors on Wednesday, Analyst Ratings Network.com reports.
Knight Transportation (NYSE: KNX) opened at 16.73 on Wednesday. Knight Transportation has a 1-year low of $13.74 and a 1-year high of $17.73. The stock’s 50-day moving average is currently $16.94. The company has a market cap of $1.337 billion and a price-to-earnings ratio of 19.45.
Knight Transportation (NYSE: KNX) last released its earnings data on Wednesday, April 24th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.18 by $0.01. The company had revenue of $235.40 million for the quarter, compared to the consensus estimate of $231.00 million. During the same quarter last year, the company posted $0.18 earnings per share. Knight Transportation’s revenue was up 7.2% compared to the same quarter last year. On average, analysts predict that Knight Transportation will post $0.93 earnings per share for the current fiscal year.
A number of other firms have also recently commented on KNX. Analysts at Longbow Research downgraded shares of Knight Transportation from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, June 6th. They now have a $18.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at TheStreet upgraded shares of Knight Transportation from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, June 5th. Finally, analysts at Wolfe Trahan upgraded shares of Knight Transportation to an “outperform” rating in a research note to investors on Tuesday, May 21st.
One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. Knight Transportation has a consensus rating of “Hold” and an average price target of $17.30.
Knight Transportation, Inc (NYSE: KNX) is a provider of multiple truckload transportation services.