In a report issued on July 20, Garrett Holland from Robert W. Baird maintained a Buy rating on Knight Transportation (KNX – Research Report), with a price target of $65.00. The company’s shares closed last Thursday at $52.08.
According to TipRanks.com, Holland is a 3-star analyst with an average return of 2.1% and a 52.7% success rate. Holland covers the Industrial Goods sector, focusing on stocks such as Expeditors International, Old Dominion Freight, and Schneider National.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Knight Transportation with a $60.25 average price target, a 16.6% 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.
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 $1.22 billion and had a net profit of $130 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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