Knight Transportation (NYSE:KNX) Had Its PT Decreased by 8.11% at Barclays Capital to $34.00 07/16/2015 BY JAMES DUNN IN TARGET CHANGES, US STOCK RATINGS

Knight Transportation (NYSE:KNX) Had Its PT Decreased by 8.11% at Barclays Capital to $34.00

Barclays Capital Analyst Rating Change Knight Transportation NYSE:KNX

Knight Transportation (NYSE:KNX) Stock Target Raised

In an analyst note sent to investors and clients by Barclays Capital on 16 July, Knight Transportation (NYSE:KNX) had its price target cut to $34.00. The firm currently has “Overweight” rating on the stock.

After (NYSE:KNX) target cut, the stock is currently trading 0.40% higher at $27.78 as of 12:55 New York time. Knight Transportation’s stock is up 2.63% in the last 200 days. It has underperformed the S&P 500, which has surged 6.28% in the same time.

According to data compiled by Thomson Reuters, Knight Transportation (NYSE:KNX)’s stock is covered by 17 equity analysts across the Street, with 2 analysts giving it a Sell rating, 11 a Buy rating, while 8 consider it a Hold. The 12-month consensus target price for the stock is $34.82, which reflects an upside potential of 25.34% over the current price.

NYSE:KNX Price Chart & Trend

The stock price of Knight Transportation has grown 2.63% over the last 200 days, and is in fragile up trend. In the last 50 and 100 days, Knight Transportation is down 6.42% and down 16.48%, respectively. Our stocks momentum model is shown on the price chart below.Knight Transportation (NYSE:KNX) Had Its PT Decreased by 8.11% at Barclays Capital to $34.00

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

Institutional Ownership

Sib Llc had the most significant stake with ownership of 360,082 shares as of q1 2015 for 7.91% of the fund portfolio. Dudley & Shanley Llc is another bull as the fund who is owning 887,850 shares of Knight Transportation or 5.77% of their fund portfolio. Further, Telemark Asset Management Llc have 4.05% of their fund portfolio invested in the company for 450,000 shares. The Us-based fund Grandeur Peak Global Advisors Llc revealed it had bought a stake worth about 3.29% of the fund’s stock portfolio in Knight Transportation. The Illinois-based fundSg Capital Management Llc is also positive about the stock, possessing 481,470 shares or 2.35% of their fund portfolio.

Insider Activity

Over the last six months, Knight Transportation NYSE:KNX has seen 0 insider buys, and 2 insider sales. The net result was for 2 transactions, worth $6.77M.

Knight Transportation (NYSE:KNX) Profile

Knight Transportation, Inc. is a provider of multiple truckload transportation and logistics services, which involve the movement of trailer or container loads of freight from origin to destination for a single customer. The Company operates in two segments: Trucking and Logistics. Trucking segment is comprised of three operating units: dry van truckload (Dry Van); temperature-controlled truckload (Refrigerated), and drayage services (Drayage).

Knight Transportation (NYSE:KNX) traded up 0.40% on 16 July, hitting $27.78. A total of 496,656 shares of the company’s stock traded hands. This is down from average of 1.00 million shares. Knight Transportation has a 52 week low of $23.19 and a 52 week high of $34.73. The company has a market cap of $2.29B and a P/E ratio of 20.21.

Get the latest Knight Transportation (NYSE:KNX) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

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