Benchmark Co. analyst Christopher Kuhn has maintained their bullish stance on KNX stock, giving a Buy rating on April 11.
Christopher Kuhn has given his Buy rating due to a combination of factors that suggest Knight Transportation is well-positioned for future growth despite current market challenges. The company is the largest for-hire carrier, which provides it with a strategic advantage to benefit from a potential recovery in the truckload (TL) market. Kuhn acknowledges the current weak demand and uncertainty in the freight market, exacerbated by tariff concerns and seasonal fluctuations. However, he believes that the company’s ability to leverage operational efficiencies and capitalize on cyclical market improvements offers a clear margin upside.
Despite reducing earnings estimates for the upcoming quarters and fiscal years 2025 and 2026, Kuhn maintains a price target of $63, reflecting confidence in the company’s long-term prospects. The stock’s current trading multiple is below its 10-year average, suggesting potential for valuation expansion. Kuhn’s pragmatic approach involves adjusting estimates to reflect market dynamics while recognizing Knight Transportation’s potential for operational leverage and self-improvement, which underpins his Buy recommendation.
In another report released on April 11, Raymond James also maintained a Buy rating on the stock with a $55.00 price target.
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of KNX in relation to earlier this year.