Stifel Nicolaus Remains a Hold on Knight Transportation

By Carrie Williams

In a report issued on June 19, Michael Baudendistel from Stifel Nicolaus reiterated a Hold rating on Knight Transportation (NYSE: KNX), with a price target of $38. The company’s shares closed yesterday at $36.40.

According to, Baudendistel is a 3-star analyst with an average return of 1.6% and a 60.0% success rate. Baudendistel covers the Industrial Goods sector, focusing on stocks such as Wabash National Corp, Freightcar America, and Trinity Industries.

Knight Transportation has an analyst consensus of Moderate Buy, with a price target consensus of $39.67.

The company has a one year high of $38.80 and a one year low of $24.79. Currently, Knight Transportation has an average volume of 1.73M.

Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. Last month, David A. Jackson, the President & CEO of KNX sold 12,500 shares for a total of $400,000.

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Knight Transportation, Inc. provides multiple truckload transportation services, which involves the movement of full trailer or container loads of freight from origin to destination for a single customer. The company operates through the following business segments: Trucking and Logistics. Trucking segment is comprised of three operating units: dry van truckload, temperature-controlled truckload and drayage services. The Logistics segment consists of primary operating units: freight brokerage services and rail intermodal. Knight Transportation was founded by Randy L. Knight, Keith T. Knight, Kevin P. Knight and Gary J. Knight in 1990 and is headquartered in Phoenix, AZ.,0012M5-E