Knight Transportation Stock Target Price and Analyst Consensus

KNX Stock  USD 56.45  2.43  4.13%   
The current analyst and expert consensus on Knight Transportation is Buy with 10 hold recommendations. The current projected Knight Transportation target price consensus is 60.28 with 20 analyst opinions. One of the most common ways Knight Transportation analysts use to provide buy-or-sell recommendation to the public are conference calls analysis and financial statements evaluations. Some experts can also talk to Knight Transportation vendors, executives, and/or customers. Knight Transportation recommendation module provides expert sentiment on the projected Knight Transportation target price to derive its highest and lowest estimates based on target price standard deviation of 1.9453.
Lowest Forecast
54.85
Highest Forecast
66.91
Target Price
60.28
Gross Profit is likely to drop to about 452.3 M in 2024. Pretax Profit Margin is likely to drop to 0.04 in 2024. At this time, Knight Transportation's Non Current Assets Total are fairly stable compared to the past year. Cash And Short Term Investments is likely to rise to about 489.7 M in 2024, despite the fact that Non Currrent Assets Other are likely to grow to (333.5 M).
  
It's important to approach Knight Transportation's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.

Knight Transportation Target Price Consensus

Knight target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Knight Transportation's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
   20  Buy
Most Knight analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Knight stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Knight Transportation, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

Knight Transportation Target Price Projection

Knight Transportation's current and average target prices are 56.45 and 60.28, respectively. The current price of Knight Transportation is the price at which Knight Transportation is currently trading. On the other hand, Knight Transportation's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

Knight Transportation Market Quote on 13th of November 2024

Low Price56.34Odds
High Price58.42Odds

56.45

Target Price

Analyst Consensus On Knight Transportation Target Price

Low Estimate54.85Odds
High Estimate66.91Odds

60.28

Historical Lowest Forecast  54.85 Target Price  60.28 Highest Forecast  66.91
Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Knight Transportation and the information provided on this page.

Knight Transportation Analyst Ratings

Knight Transportation's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Knight Transportation stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Knight Transportation's financials, market performance, and future outlook by experienced professionals. Knight Transportation's historical ratings below, therefore, can serve as a valuable tool for investors.

Analyst Consensus Breakdown

Average Consensus Estimates

Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize Knight Transportation price targets

Knight Transportation's stock target price is an estimate of its future price, usually made by analysts. Using Knight Transportation's target price to determine if it is a suitable investment can be done through the following steps:
  • Look at Knight Transportation's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Knight Transportation's stock is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional Knight Transportation Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Knight Transportation is a key component of Knight Transportation valuation and have some predictive power on the future returns of a Knight Transportation.
Hype
Prediction
LowEstimatedHigh
54.5356.4858.43
Details
Intrinsic
Valuation
LowRealHigh
55.9957.9459.89
Details
Naive
Forecast
LowNextHigh
56.7558.6960.64
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.250.330.27
Details

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Additional Tools for Knight Stock Analysis

When running Knight Transportation's price analysis, check to measure Knight Transportation's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Knight Transportation is operating at the current time. Most of Knight Transportation's value examination focuses on studying past and present price action to predict the probability of Knight Transportation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Knight Transportation's price. Additionally, you may evaluate how the addition of Knight Transportation to your portfolios can decrease your overall portfolio volatility.