Knight Transportation (KNX) Gets a Hold Rating from Cowen & Co.

Cowen & Co. analyst Jason Seidl maintained a Hold rating on Knight Transportation (KNXResearch Report) yesterday and set a price target of $33. The company’s shares closed yesterday at $32.94.

According to TipRanks.com, Seidl is a top 100 analyst with an average return of 14.9% and a 72.0% success rate. Seidl covers the Services sector, focusing on stocks such as Covenant Transportation Group, Expeditors International, and Echo Global Logistics.

Currently, the analyst consensus on Knight Transportation is a Moderate Buy with an average price target of $37.

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Based on Knight Transportation’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $87.94 million. In comparison, last year the company had a net profit of $91.32 million.

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Knight-Swift Transportation Holdings, Inc. engages as a truckload carrier and provides transportation solutions. It operates through the following business segments: Trucking, Logistics, and Intermodal. The Trucking segment offers dry van, refrigerated and drayage services.