Media headlines about Knight Transportation (NYSE:KNX) have trended somewhat positive recently, according to Alpha One. The research group, a division of Accern, scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Knight Transportation earned a news impact score of 0.23 on Alpha One’s scale. Alpha One also assigned press coverage about the transportation company an impact score of 38 out of 100, indicating that recent news coverage is unlikely to have an effect on the company’s share price in the near future.
These are some of the news stories that may have effected Alpha One Sentiment Analysis’s analysis:
- Investigation for Investors in Shares of Swift Transportation Co (NYSE:SWFT) over Buyout Announced (busbyway.com)
- What are analysts saying about Knight Transportation Inc’s (KNX) future? (simplywall.st)
- Baird Ups Knight To Buy On Swift Merger, ‘New Era’ Of Trucking (blogs.barrons.com)
- The Knight Transportation (KNX) Stake Lowered by GW&K Investment Management LLC (graffiotech.com)
- $0.18 Earnings Per Share Expected for Knight Transportation (KNX) This Quarter (americanbankingnews.com)
A number of brokerages recently weighed in on KNX. Stifel Nicolaus reissued a “hold” rating and set a $27.00 price objective on shares of Knight Transportation in a report on Wednesday, April 12th. Vertical Group assumed coverage on Knight Transportation in a report on Thursday, April 13th. They set a “buy” rating and a $48.00 price objective on the stock. Robert W. Baird raised Knight Transportation from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $35.00 to $36.00 in a research note on Monday. Credit Suisse Group AG reaffirmed an “outperform” rating and issued a $35.00 price target (up from $32.00) on shares of Knight Transportation in a research note on Friday, April 14th. Finally, Vertical Research assumed coverage on Knight Transportation in a research note on Thursday, April 13th. They issued a “buy” rating and a $48.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $33.94.
Knight Transportation (NYSE:KNX) traded up 0.821% during midday trading on Friday, hitting $33.775. The company had a trading volume of 1,391,452 shares. The company has a market capitalization of $2.71 billion, a P/E ratio of 29.116 and a beta of 0.74. Knight Transportation has a 52 week low of $24.50 and a 52 week high of $38.80. The stock has a 50 day moving average price of $32.09 and a 200 day moving average price of $32.40.
Knight Transportation (NYSE:KNX) last announced its earnings results on Wednesday, January 25th. The transportation company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.31 by $0.02. Knight Transportation had a return on equity of 12.58% and a net margin of 8.30%. The business had revenue of $289.10 million for the quarter, compared to analyst estimates of $285.76 million. During the same quarter last year, the company posted $0.36 EPS. Knight Transportation’s quarterly revenue was down .6% on a year-over-year basis. Equities analysts forecast that Knight Transportation will post $1.06 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 27th. Stockholders of record on Friday, March 3rd were paid a dividend of $0.06 per share. The ex-dividend date was Wednesday, March 1st. This represents a $0.24 annualized dividend and a dividend yield of 0.72%. Knight Transportation’s dividend payout ratio (DPR) is 20.87%.
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About Knight Transportation
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 through two segments: Trucking and Logistics. Its Trucking segment consists of three operating units: dry van truckload, temperature-controlled truckload and drayage services.
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