Stifel Nicolaus Keeps a Hold Rating on Knight Transportation

By Carrie Williams

Stifel Nicolaus analyst John Larkin reiterated a Hold rating on Knight Transportation (NYSE: KNX) on September 28 and set a price target of $40. The company’s shares closed on Friday at $41.55, close to its 52-week high of $44.45.

According to, Larkin is a 5-star analyst with an average return of 10.5% and a 69.4% success rate. Larkin covers the Services sector, focusing on stocks such as Covenant Transportation Group, Expeditors International, and Air Transport Services.

Currently, the analyst consensus on Knight Transportation is Moderate Buy and the average price target is $41, representing a -1.3% downside.

In a report issued on September 19, KeyBanc also reiterated a Hold rating on the stock.

Based on Knight Transportation’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $273 million and quarterly net profit of $17.97 million. In comparison, last year the company earned revenue of $276 million and had a net profit of $24.68 million.

Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2017, Todd Carlson, an Insider at KNX sold 3,000 shares for a total of $113,580.

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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.