TipRanksStock Market NewsKNX NewsRaymond James Maintains a Buy Rating on Knight Transportation (KNX)

Raymond James Maintains a Buy Rating on Knight Transportation (KNX)

Raymond James analyst Felix Boeschen maintained a Buy rating on Knight Transportation (KNXResearch Report) today and set a price target of $55.00. The company’s shares closed last Wednesday at $50.22.

According to TipRanks.com, Boeschen is a 3-star analyst with an average return of 2.6% and a 50.0% success rate. Boeschen covers the Industrial Goods sector, focusing on stocks such as Wabash National, Federal Signal, and Shyft Group.

Knight Transportation has an analyst consensus of Strong Buy, with a price target consensus of $60.75, implying a 20.4% upside from current levels. In a report issued on July 12, Evercore ISI also upgraded the stock to Buy with a $59.00 price target.

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Knight Transportation’s market cap is currently $8.23B and has a P/E ratio of 10.20.

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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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