Knight Transportation (KNX) Gets a Sell Rating from J.P. Morgan

In a report released yesterday, Brian Ossenbeck from J.P. Morgan maintained a Sell rating on Knight Transportation (KNXResearch Report), with a price target of $53.00. The company’s shares closed last Thursday at $52.08.

According to TipRanks.com, Ossenbeck is a 4-star analyst with an average return of 10.2% and a 47.8% success rate. Ossenbeck covers the Industrial Goods sector, focusing on stocks such as Canadian National Railway, Schneider National, and Werner Enterprises.

Knight Transportation has an analyst consensus of Strong Buy, with a price target consensus of $60.00.

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Based on Knight Transportation’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.83 billion and net profit of $208 million. In comparison, last year the company earned revenue of $1.32 billion and had a net profit of $153 million.

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Knight-Swift Transportation Holdings, Inc. engages in the provision of multiple truckload transportation and logistics services. It operates through the following business segments: Trucking, Logistics, and Intermodal. The Trucking segment comprises irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations. The Logistics segment include brokerage and other freight management services. The Intermodal segment consists revenue generated by moving freight over the rail in the containers and other trailing equipment, combined with the revenue for drayage to transport loads between the railheads and customer locations. The company was founded on September 8, 2017 and is headquartered in Phoenix, AZ.

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