Stock’s Trend Analysis Report: Becton, Dickinson and Company (BDX), Knight Transportation (KNX), SunCoke Energy (SXC)

Becton, Dickinson and Company (BDX) climbed 0.55% during last trading as the stock added $0.91 to finish the day at $165.53 with about 0.91M shares changing hands, compared to its three month average trading volume of 1.04M. The $35.25B market cap company, which fluctuated between $164.75 and $167.32 during the day, currently situated 29.37% above its 52 week low of $129.5 and -8.93% away from its one year high of $181.76. The RSI of 41.69 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Becton, Dickinson and Company develops, manufactures, and sells medical supplies, devices, laboratory equipment, and diagnostic products worldwide. It operates in two segments, BD Medical and BD Life Sciences. The BD Medical segment offers syringes, pen needles, and IV sets for diabetes; needles, syringes, and intravenous catheters for medication delivery; prefilled IV flush syringes; regional anesthesia needles and trays; sharps disposal containers; closed-system transfer devices; skin antiseptic products; surgical and laproscopic instrumentations; intravenous medication safety and infusion therapy delivery, and automated medication dispensing and supply management systems; and prefillable drug delivery systems. The BD Life Sciences segment provides integrated systems for specimen collection; safety-engineered blood collection, automated blood culturing and tuberculosis culturing, and microorganism identification and drug susceptibility systems; molecular testing systems for infectious diseases and women’s health; liquid-based cytology systems for cervical cancer screening; rapid diagnostic assays; microbiology laboratory automation, and plated media products; fluorescence-activated cell sorters and analyzers; monoclonal antibodies and kits for performing cell analysis; reagent systems for life science research; molecular indexing and next-generation sequencing sample preparation for genomics research; clinical oncology, immunological, and transplantation diagnostic/monitoring reagents and analyzers; and cell culture media supplements for biopharmaceutical manufacturing. The company markets its products through independent distribution channels and sales representatives to healthcare institutions, life science researchers, clinical laboratories, pharmaceutical industry, and general public. Becton, Dickinson and Company was founded in 1897 and is headquartered in Franklin Lakes, New Jersey.

Knight Transportation Inc. (KNX) gained $0.2 to close the day at a new closing price of $36, a 0.56% increase in value from its previous closing price that moved the stock 76.6% above its 52 week low of $20.56. A total of 0.91M shares exchanged hands during the day compared with its three month average trading volume of 1.06M. The stock, which fluctuated between $35.4 and $36.25 during the day, currently situated 0.28% above its 52 week high. The stock is up by 23.29% in the past one month and up by 27.61% over the past three months. With a one year target estimate of $28.71 and RSI of 77.62, the stock still has upside potential, making it a sell for now.

Knight Transportation, Inc., together with its subsidiaries, operates as a short-to-medium haul truckload carrier of general commodities primarily in the United States. It operates through two segments, Trucking and Logistics. The Trucking segment offers truckload carrier dry van, temperature-controlled truckload, and drayage services between ocean ports, rail ramps, and shipping docks. As of December 31, 2015, it operated approximately 4,363 company-owned tractors; and an average of 11,789 trailers, as well as had 407 tractors under contract that are owned and operated by independent contractors. The Logistics segment provides logistics, freight management, freight brokerage, rail intermodal, and other non-trucking services. Knight Transportation, Inc. was founded in 1989 and is headquartered in Phoenix, Arizona.

SunCoke Energy Inc. (SXC) had a light trading with around 0.91M shares changing hands compared to its three month average trading volume of 833.82K. The stock traded between $11.5 and $12.23 before closing at the price of $12.15 with 4.02% change on the day. The Lisle Illinois 60532 based company is currently trading 492.68% above its 52 week low of $2.05 and -2.96% below its 52 week high of $12.52. Both the RSI indicator and target price of 63.67 and $10.5 respectively, lead us to believe that it should be put on hold over the coming weeks.

SunCoke Energy, Inc. operates as an independent producer of coke in the Americas. The company operates through four segments: Domestic Coke, Brazil Coke, India Coke, and Coal Logistics. The company offers metallurgical and thermal coal for use as a raw material in the blast furnace steelmaking process. It also provides coal handling and/or mixing services to steel, coke, electric utility, and coal mining customers. SunCoke Energy, Inc. was incorporated in 2010 and is headquartered in Lisle, Illinois.

 

Stocks To Track: Knight Transportation Inc. (KNX), S&P Global, Inc. (SPGI), Alexion Pharmaceuticals, Inc. (ALXN)

Knight Transportation Inc. (KNX) fell -1.19% during last trading as the stock lost $-0.33 to finish the day at $27.31 with about 0.96M shares changing hands, compared to its three month average trading volume of 965.31K. The $2.19B market cap company, which fluctuated between $27.23 and $27.89 during the day, currently situated 33.74% above its 52 week low of $20.56 and -9.92% away from its one year high of $30.38. The RSI of 36.24 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Knight Transportation, Inc., together with its subsidiaries, operates as a short-to-medium haul truckload carrier of general commodities primarily in the United States. It operates through two segments, Trucking and Logistics. The Trucking segment offers truckload carrier dry van, temperature-controlled truckload, and drayage services between ocean ports, rail ramps, and shipping docks. As of December 31, 2015, it operated approximately 4,363 company-owned tractors; and an average of 11,789 trailers, as well as had 407 tractors under contract that are owned and operated by independent contractors. The Logistics segment provides logistics, freight management, freight brokerage, rail intermodal, and other non-trucking services. Knight Transportation, Inc. was founded in 1989 and is headquartered in Phoenix, Arizona.

S&P Global, Inc. (SPGI) gained $0.48 to close the day at a new closing price of $123.15, a 0.39% increase in value from its previous closing price that moved the stock 58.41% above its 52 week low of $78.55. A total of 0.96M shares exchanged hands during the day compared with its three month average trading volume of 878.34K. The stock, which fluctuated between $122.79 and $124.65 during the day, currently situated -4.09% below its 52 week high. The stock is down by -0.77% in the past one month and up by 5.7% over the past three months. With a one year target estimate of $134.58 and RSI of 47.6, the stock still has upside potential, making it a hold for now.

S&P Global, Inc. provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through S&P Global Ratings, S&P Global Market Intelligence, S&P Dow Jones Indices, and S&P Global Platts divisions. The S&P Global Ratings division provides credit ratings, such as issue credit, issuer credit, loan, and Standard & Poor’s underlying ratings; national and regional scale credit ratings; and fund credit quality, municipal short-term note, principal stability fund, swap risk, and fund volatility ratings. It also offers ERM benchmark review, local government investment pools, mid-market evaluation, asset manager practices classification, CLO tranche recovery metrics, U.S. residential mortgage originator reviews and recovery analytics, rating evaluation service, credit assessments, credit estimates, liquidity assessments, private credit analysis, servicer evaluations, covered bond monitor, financial services credit tools, corporate mapping, and structured credit products. The S&P Global Market Intelligence division provides company data, pricing and marketing data, analytic measures, reference data and classifications, and ratings and research services. The S&P Dow Jones Indices division offers various indices, including equity, fixed income, commodities, real estate, strategy, and custom indices that help investors to identify, measure, and capitalize on global investment opportunities; and research, education, and market commentary services. The S&P Global Platts division provides real-time news and price information; market reports and analytics; end-of-day market data; geospatial data and maps; conferences; and a weekly television program broadcast for the commodities and energy markets. The company was formerly known as McGraw Hill Financial, Inc. and changed its name to S&P Global, Inc. in April 2016. S&P Global, Inc. was founded in 1888 and is headquartered in New York, New York.

Alexion Pharmaceuticals, Inc. (ALXN) had a light trading with around 0.96M shares changing hands compared to its three month average trading volume of 1.42M. The stock traded between $118.26 and $121.39 before closing at the price of $118.34 with -1.06% change on the day. The New Haven Connecticut 06510 based company is currently trading 7.04% above its 52 week low of $110.56 and -38.83% below its 52 week high of $193.45. Both the RSI indicator and target price of 37.9 and $167.11 respectively, lead us to believe that it should be put on hold over the coming weeks.

Alexion Pharmaceuticals, Inc., a biopharmaceutical company, develops and commercializes life-transforming therapeutic products. The company offers Soliris (eculizumab), a monoclonal antibody for the treatment of paroxysmal nocturnal hemoglobinuria (PNH), a genetic blood disorder; and atypical hemolytic uremic syndrome (aHUS), a genetic disease. It provides Strensiq (asfotasealfa), a targeted enzyme replacement therapy for patients with hypophosphatasia (HPP); and Kanuma (sebelipasealfa) for the treatment of patients with lysosomal acid lipase deficiency. The company also conducts Phase IV clinical trials on Soliris for the treatment of PNH registry; Phase III clinical trials for the treatment of myasthenia gravis, neuromyelitisoptica spectrum disorder, and delayed kidney transplant graft function; and Phase II clinical trials for antibody mediated rejection in presensitized renal transplant patients. It develops cPMP (ALXN 1101) that is in Phase II/III trial for treating metabolic disorders; and ALXN 1007, a novel humanized antibody in Phase II clinical trial for the treatment of anti-phospholipid syndrome and graft versus host disease. The company serves distributors, pharmacies, hospitals, hospital buying groups, and other health care providers, as well as governments and government agencies in the United States, Europe, the Asia Pacific, and internationally. Alexion Pharmaceuticals, Inc. has agreements with X-Chem Pharmaceuticals (X-Chem) to identify novel drug candidates from X-Chem’s proprietary drug discovery engine; Moderna Therapeutics, Inc. (Moderna) that provides the option to purchase drug products for clinical development commercialization of Moderna’s messenger RNA therapeutics to treat rare diseases; and Ensemble Therapeutics Corporation for the identification, development, and commercialization of therapeutic candidates based on specific drug targets. The company was founded in 1992 and is headquartered in New Haven, Connecticut.

Stocks To Track: Knight Transportation (KNX), CommScope Holding (COMM), Jones Energy (JONE)

CommScope Holding Company, Inc. (COMM) climbed 0.37% during last trading as the stock added $0.11 to finish the day at $29.95 with about 1.37M shares changing hands, compared to its three month average trading volume of 1.38M. The $5.76B market cap company, which fluctuated between $29.67 and $30.34 during the day, currently situated 54.62% above its 52 week low of $19.37 and -12.22% away from its one year high of $34.03. The RSI of 53.52 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

CommScope Holding Company, Inc. provides infrastructure solutions for communications networks worldwide. The company’s Wireless segment offers macro cell site solutions for wireless tower sites and on rooftops, including base station antennas, microwave antennas, hybrid fiber-feeder and power cables, coaxial cables, connectors, and filters; metro cell solutions for outdoors on street poles and on other urban structures comprising radio frequency delivery and connectivity solutions, equipment housing, and concealment; and small cell and distributed antenna system (DAS) solutions consisting of DAS and distributed cell solutions that allow wireless operators to enhance efficiency, and cellular coverage and capacity in network conditions. This segment provides its solutions under the Andrew brand. Its Enterprise segment offers voice, video, data, and converged solutions, including optical fiber and twisted pair structured cable solutions, intelligent infrastructure software, network rack and cabinet enclosures, modular data centers, and network design services under the SYSTIMAX and Uniprise brands; and iTRACS, a data center infrastructure management software. The segment’s solutions support high-bandwidth applications. The company’s Broadband segment offers cable and communications products that support the multichannel video, voice, and high-speed data services. Its Broadband Network Solutions segment provides fiber-optic and copper connectivity solutions for telecom and enterprise markets, as well as DAS solutions for the wireless market; connectivity solutions comprising FTTx solutions, data center solutions, and central office connectivity and equipment, as well as fiber management systems, patch cords and panels, cabling systems, and cable assemblies for use in office, data center, factory, and residential applications. The company was formerly known as Cedar I Holding Company, Inc. The company was founded in 1976 and is headquartered in Hickory, North Carolina.

Jones Energy, Inc. (JONE) gained $0.03 to close the day at a new closing price of $2.96, a 1.02% increase in value from its previous closing price that moved the stock 155.17% above its 52 week low of $1.16. A total of 1.37M shares exchanged hands during the day compared with its three month average trading volume of 940.93K. The stock, which fluctuated between $2.9 and $2.99 during the day, currently situated -51.07% below its 52 week high. The stock is down by -21.28% in the past one month and down by -33.33% over the past three months. With a one year target estimate of $5.09 and RSI of 44.22, the stock still has upside potential, making it a hold for now.

Jones Energy, Inc., an independent oil and gas company, engages in the acquisition, exploration, development, and production of oil and natural gas properties in the mid-continent region of the United States. The company owns leasehold interests in oil and natural gas producing properties, as well as in undeveloped acreage located in the Anadarko and Arkoma basins in Texas and Oklahoma. As of December 31, 2015, its total estimated proved reserves included 101.7 million barrels of oil equivalent. The company was founded in 1988 and is headquartered in Austin, Texas.

Knight Transportation Inc. (KNX) had a light trading with around 1.38M shares changing hands compared to its three month average trading volume of 966.04K. The stock traded between $28.2 and $28.79 before closing at the price of $28.72 with 1.66% change on the day. The Phoenix Arizona 85027 based company is currently trading 40.64% above its 52 week low of $20.56 and -5.26% below its 52 week high of $30.38. Both the RSI indicator and target price of 53.85 and $27.81 respectively, lead us to believe that it should be put on hold over the coming weeks.

Knight Transportation, Inc., together with its subsidiaries, operates as a short-to-medium haul truckload carrier of general commodities primarily in the United States. It operates through two segments, Trucking and Logistics. The Trucking segment offers truckload carrier dry van, temperature-controlled truckload, and drayage services between ocean ports, rail ramps, and shipping docks. As of December 31, 2015, it operated approximately 4,363 company-owned tractors; and an average of 11,789 trailers, as well as had 407 tractors under contract that are owned and operated by independent contractors. The Logistics segment provides logistics, freight management, freight brokerage, rail intermodal, and other non-trucking services. Knight Transportation, Inc. was founded in 1989 and is headquartered in Phoenix, Arizona.

 

Prominent Runners: RPC, Inc. (NYSE:RES), Knight Transportation (NYSE:KNX), Chimera Investment Corporation (NYSE:CIM)

RPC, Inc. (NYSE:RES) increased 0.86% during last trading as the stock added $0.14 to finish the day at $16.35 with about 939,036.00 shares changing hands, compared to its three month average trading volume of 1.53M. The $3.64B market cap company, which fluctuated between $16.05 and $16.36 during the day, currently situated 93.49% above its 52 week low of $8.45 and -2.91% away from its one year high of $16.84. The RSI of 67.66 indicates the stock is overbought at the current levels, sell for now. RPC, Inc. (RPC) is a holding company for several oilfield services companies. The Company provides a range of specialized oilfield services and equipment to oil and gas companies engaged in the exploration, production and development of oil and gas properties across the United States, including the southwest, mid-continent, Gulf of Mexico, Rocky Mountain and Appalachian regions.

Knight Transportation (NYSE:KNX) gained $0.65 to close the day at a new closing price of $28.87, a 2.30% increase in value from its previous closing price that moved the stock 41.08% above its 52 week low of $20.46. A total of 938,856.00 shares exchanged hands during the day compared with its three month average trading volume of 979,343.00. The stock, which fluctuated between $28.14 and $28.99 during the day, currently situated -4.97% below its 52 week high. The stock is up by 2.63% in the past one month and up by 12.55% over the past three months. With a one year target estimate of $27.89 and RSI of 56.11, the stock still has upside potential, making it a hold for now. Knight Transportation, Inc. is a provider of multiple truckload transportation and logistics services, which involve the movement of trailer or container loads of freight from origin to destination for a single customer.

Chimera Investment Corporation (NYSE:CIM) had a light trading with around 938,442.00 shares changing hands compared to its three month average trading volume of 1.42M. The stock traded between $16.19 and $16.34 before closing at the price of $16.28 with 0.12% change on the day. The company is currently trading 65.73% above its 52 week low of $9.82 and -4.12% below its 52 week high of $16.98. Both the RSI indicator and target price of 51.71 and $15.90 respectively, lead us to believe that it could drop over the coming weeks. Chimera Investment Corporation is a real estate investment trust. The Company is primarily engaged in the business of investing, on a leveraged basis, in a diversified portfolio of mortgage assets, including Agency residential mortgage-backed securities (RMBS), Non-Agency RMBS, Agency commercial mortgage backed securities (CMBS), residential mortgage loans and real estate related securities.

3 Notable Runners: Edison International (EIX), Knight Transportation Inc. (KNX), Triangle Petroleum Corporation (TPLM)

Edison International (EIX) continued its upward trend with the stock climbing 1.17% or $0.9 to close the day at $77.64 on lower than average trading volume of 1.38M shares, compared to its three month average trading volume of 1.65M. The Rosemead California 91770 based company has been outperforming the electric utilities companies by 13.6999% for last three months and its recent gains have pushed the stock slightly up 32.85% YTD, versus the electric utilities industry which is up 21.68% for the same period. The RSI of 63.78 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Edison International, through its subsidiaries, generates and supplies electricity in the United States. The company generates electricity through hydroelectric, diesel, natural gas, nuclear, and photovoltaic sources. It supplies electricity primarily to commercial, residential, industrial, agricultural, and other customers, as well as public authorities through transmission and distribution networks. The company’s transmission facilities consist of lines ranging from 33 kV to 500 kV and substations; and distribution system comprises approximately 53,000 line miles of overhead lines, 38,000 line miles of underground lines, and approximately 800 distribution substations located in California. It serves approximately 5 million customers. Edison International was incorporated in 1987 and is based in Rosemead, California.

Knight Transportation Inc. (KNX) had a light trading with around 1.38M shares changing hands compared to its three month average trading volume of 942.41K. The stock traded between $28.28 and $29.59 before closing at the price of $29.49 with 4.83% change on the day. The Phoenix Arizona 85027 based company is currently trading 44.11% above its 52 week low of $20.56 and 0.92% above its 52 week high of $29.59. Both the RSI indicator and target price of 70.95 and $26.4 respectively, lead us to believe that it could drop over the coming weeks.

Knight Transportation, Inc., together with its subsidiaries, operates as a short-to-medium haul truckload carrier of general commodities primarily in the United States. It operates through two segments, Trucking and Logistics. The Trucking segment offers truckload carrier dry van, temperature-controlled truckload, and drayage services between ocean ports, rail ramps, and shipping docks. As of December 31, 2015, it operated approximately 4,363 company-owned tractors; and an average of 11,789 trailers, as well as had 407 tractors under contract that are owned and operated by independent contractors. The Logistics segment provides logistics, freight management, freight brokerage, rail intermodal, and other non-trucking services. Knight Transportation, Inc. was founded in 1989 and is headquartered in Phoenix, Arizona.

Triangle Petroleum Corporation (TPLM) traded within a range of $0.21 to $0.249 after opening the day at $0.23. The company has seen its stock decrease in value by -70.91% so far this year. The stock was up close to 0.67% on light volume in last trading session and closed at $0.22 per share. After the recent gain, the stock is currently holding -94.75% below its 52 week high of $4.27 and 68.67% above its 12-month low of $0.13. The shares are down by over -48.34% in the last three months, and the RSI indicator value of 43.69 is neither bullish nor bearish, tempting investors to stay on the sidelines.

Triangle Petroleum Corporation, an independent energy company, engages in the exploration, development, and production of oil and natural gas properties in the United States. It operates in two segments, Exploration and Production, and Oilfield Services. As of January 31, 2016, the company had leasehold interests in approximately 103,540 net acres in the Bakken Shale and Three Forks formations in the Williston Basin of North Dakota and Montana. It also offers oilfield services, including hydraulic pressure pumping, wireline, perforating, pump rental, workover, and other complementary services, as well as midstream services. The company was formerly known as Peloton Resources Inc. and changed its name to Triangle Petroleum Corporation in May 2005. Triangle Petroleum Corporation was incorporated in 2003 and is headquartered in Denver, Colorado.

News Review: SL Green Realty Corp (NYSE:SLG), Nordic American Tanker Ltd (NYSE:NAT), Knight Transportation (NYSE:KNX)

SL Green Realty Corp (NYSE:SLG) fall -2.15% during last trading as the stock added -$2.29 to finish the day at $104.18 with about 922,832.00 shares changing hands, compared to its three month average trading volume of 657,142.00. The $ 10.79B market cap company, which fluctuated between $103.91 and $106.04 during the day, currently situated 32.00% above its 52 week low of $78.92 and -12.72% away from its one year high of $119.36. The RSI of 55.78 indicates the stock is overbought at the current levels, sell for now.

SL Green Realty Corp. is a self-managed real estate investment trust, with in-house capabilities in property management, acquisitions and dispositions, financing, development and redevelopment, construction and leasing. The Company acquires, owns, repositions, manages and leases commercial office, retail and multifamily properties in the New York Metropolitan area.

Nordic American Tanker Ltd (NYSE:NAT) gained $0.32 to close the day at a new closing price of $14.21, a 2.30% increase in value from its previous closing price that moved the stock 46.91% above its 52 week low of $9.67. A total of 921,609.00 shares exchanged hands during the day compared with its three month average trading volume of 1.30M. The stock, which fluctuated between $13.87 and $14.21 during the day, currently situated -11.57% below its 52 week high. The stock is down by -5.14% in the past one month and down by 6.13% over the past three months. With a one year target estimate of $13.86 and RSI of 44.60, the stock still has upside potential, making it a hold for now.

Nordic American Tankers Limited is an international tanker company. The Company owns approximately 26 vessels, including approximately two new buildings under construction, of approximately 156,000 deadweight tonnage (dwt) each. The Company’s Suezmaxes tankers can carry over one million barrels of oil.

Knight Transportation (NYSE:KNX) had a light trading with around 920,934.00 shares changing hands compared to its three month average trading volume of 911,530.00. The stock traded between $26.49 and $27.23 before closing at the price of $26.99 with 1.54% change on the day. The company is currently trading 46.91% above its 52 week low of $9.67 and -11.57% above its 52 week high of $16.07. Both the RSI indicator and target price of 44.60 and $13.86 respectively, lead us to believe that it could drop over the coming weeks.

Knight Transportation, Inc. is a provider of multiple truckload transportation and logistics services, which involve the movement of trailer or container loads of freight from origin to destination for a single customer. The Company operates through two segments: Trucking and Logistics. The Company operates primarily in the United States with minor operations in Canada and Mexico.

 

Stocks to Watch For: Southwest Gas Corporation (NYSE:SWX), RPC, Inc. (NYSE:RES), Knight Transportation (NYSE:KNX)

Southwest Gas Corporation (NYSE:SWX) increased 2.65% during last trading as the stock added $2.03 to finish the day at $78.71 with about 8.47M shares changing hands, compared to its three month average trading volume of 202,844.00. The $3.77B market cap company, which fluctuated between $77.14 and $79.43 during the day, currently situated 57.87% above its 52 week low of $49.86 and 1.64 % away from its one year high of $77.44. The RSI of 83.91 indicates the stock is overbought at the current levels, sell for now. Southwest Gas Corporation is engaged in the business of purchasing, distributing and transporting natural gas in Arizona, Nevada and California. The Company operates through two segments: natural gas operations and construction services, which includes the operations of the Company’s subsidiary, Centuri Construction Group, Inc., (Centuri). Its natural gas operations segment includes acquiring and arranging delivery of natural gas to its system in sufficient quantities. It acquires natural gas from various sources and a mix of purchase provisions, which includes spot market and firm supplies.

RPC, Inc. (NYSE:RES) gained $0.40 to close the day at a new closing price of $15.53, a 2.64% increase in value from its previous closing price that moved the stock 83.79% above its 52 week low of $8.45. A total of 1.73M shares exchanged hands during the day compared with its three month average trading volume of 1.21M. The stock, which fluctuated between $14.98 and $15..62 during the day, currently situated -7.78% below its 52 week high. The stock is down by -16.84% in the past one month and up by 6.44 % over the past three months. With a one year target estimate of $14.50 and RSI of 54.11, the stock still has upside potential, making it a hold for now. RPC, Inc. (RPC) is a holding company for several oilfield services companies. The Company provides a range of specialized oilfield services and equipment to oil and gas companies engaged in the exploration, production and development of oil and gas properties across the United States, including the southwest, mid-continent, Gulf of Mexico, Rocky Mountain and Appalachian regions, and in selected international markets.

Knight Transportation (NYSE:KNX) had a light trading with around 1.17M shares changing hands compared to its three month average trading volume of 905,041.00. The stock traded between $25.77 and $26.84 before closing at the price of $26.58 with 2.63% change on the day. The company is currently trading 29.89% above its 52 week low of $20.46 and -7.49% below its 52 week high of $28.73. Both the RSI indicator and target price of 52.91 and $26.56 respectively, lead us to believe that it could drop over the coming weeks. Knight Transportation, Inc. is a provider of multiple truckload transportation and logistics services, which involve the movement of trailer or container loads of freight from origin to destination for a single customer. The Company operates through two segments: Trucking and Logistics. The Company operates primarily in the United States with minor operations in Canada and Mexico. The Company’s Trucking segment consists of approximately three operating units: dry van truckload (Dry Van); temperature-controlled truckload (Refrigerated) and drayage services (Drayage).

Why Knight Transportation (NYSE:KNX) got downgraded?

Knight Transportation (NYSE:KNX) received a stock rating downgrade from Avondale on Jun-23-16. In a note to investors, the firm issued a Mkt Underperform rating. The analysts previously had an Mkt Perform rating on the stock.

Analysts have a consensus target price of $26.97 in the 12-month period. The price objective is 3.02% higher than the recent closing price of $26.18. The 52-week price range is $20.46-$28.73 and the company has a market capitalization of $2.06 billion. Analysts covering the shares maintain a consensus Buy rating, according to Zacks Investment Research. One analyst has rated the stock with a sell rating, 14 has assigned a hold rating, 2 says it’s a buy, and 1 have assigned a strong buy rating to the company.

Knight Transportation (KNX) on April 20, 2016 reported revenue and net income for the first quarter ended March 31, 2016.

Dave Jackson, President and Chief Executive Officer, commented on the quarter, “The freight environment was less attractive in the first quarter of 2016 compared with the same quarter a year ago. We attribute the change to excess trucking capacity, higher inventory ratios, and weak U.S. industrial production for the full quarter of this year. Freight volumes and revenue per loaded mile remained relatively stable during the first quarter compared with the 2015 quarter. Opportunities in the non-contract market were challenged by falling load counts and additional price competition, particularly from non-asset brokers. The more competitive freight environment and fewer non-contract opportunities have begun to pressure our overall revenue per loaded mile. However, with significantly declining new truck orders, the recent expansion of industrial production in March, and increased regulatory burdens expected to phase in over the next several quarters, we currently expect an improved environment later in the year.

“We have remained focused on improving the productivity of our assets and expanding load volumes and margins in our logistics segment. During the first quarter, when compared to the same quarter last year, we improved our miles per tractor 1.8%, grew our brokerage load volumes 31%, and expanded our brokerage gross margin by 350 basis points. A slightly reduced tractor count, essentially flat revenue per tractor, and declines in revenue per load in our logistics business led to a 1.4% decline in consolidated revenue, excluding trucking fuel surcharge.

“Our diluted earnings per share were $0.28, which compares to $0.36 per share in the first quarter of 2015. During the quarter, a $1.9 million pretax loss in our sourcing business and an approximately $1.0 million impact of an increase in effective tax rate combined to negatively impact our results by approximately $0.03 per diluted share. Less gain on sale of revenue equipment and increased net fuel cost as a percentage of revenue also negatively impacted our results by approximately an additional $0.04 per diluted share. Driver pay continues to be inflationary when compared to the same quarter last year, but was partially offset by our cost control efforts in operations and maintenance.”

Downgrade of the Day: Knight Transportation (NYSE:KNX)

Knight Transportation (NYSE:KNX) received a stock rating downgrade from BofA/Merril on Jun-21-16. In a note to investors, the firm issued a Neutral rating. The analysts previously had an Neutral rating on the stock.

Analysts have a consensus target price of $26.97 in the 12-month period. The price objective is 1.16% higher than the recent closing price of $26.66. The 52-week price range is $20.46-$28.73 and the company has a market capitalization of $2.09 billion. Analysts covering the shares maintain a consensus Buy rating, according to Zacks Investment Research. One analyst has rated the stock with a sell rating, 13 has assigned a hold rating, 2 says it’s a buy, and 2 have assigned a strong buy rating to the company.

Knight Transportation (KNX) on April 20, 2016 reported revenue and net income for the first quarter ended March 31, 2016.

Dave Jackson, President and Chief Executive Officer, commented on the quarter, “The freight environment was less attractive in the first quarter of 2016 compared with the same quarter a year ago. We attribute the change to excess trucking capacity, higher inventory ratios, and weak U.S. industrial production for the full quarter of this year. Freight volumes and revenue per loaded mile remained relatively stable during the first quarter compared with the 2015 quarter. Opportunities in the non-contract market were challenged by falling load counts and additional price competition, particularly from non-asset brokers. The more competitive freight environment and fewer non-contract opportunities have begun to pressure our overall revenue per loaded mile. However, with significantly declining new truck orders, the recent expansion of industrial production in March, and increased regulatory burdens expected to phase in over the next several quarters, we currently expect an improved environment later in the year.

“We have remained focused on improving the productivity of our assets and expanding load volumes and margins in our logistics segment. During the first quarter, when compared to the same quarter last year, we improved our miles per tractor 1.8%, grew our brokerage load volumes 31%, and expanded our brokerage gross margin by 350 basis points. A slightly reduced tractor count, essentially flat revenue per tractor, and declines in revenue per load in our logistics business led to a 1.4% decline in consolidated revenue, excluding trucking fuel surcharge.

“Our diluted earnings per share were $0.28, which compares to $0.36 per share in the first quarter of 2015. During the quarter, a $1.9 million pretax loss in our sourcing business and an approximately $1.0 million impact of an increase in effective tax rate combined to negatively impact our results by approximately $0.03 per diluted share. Less gain on sale of revenue equipment and increased net fuel cost as a percentage of revenue also negatively impacted our results by approximately an additional $0.04 per diluted share. Driver pay continues to be inflationary when compared to the same quarter last year, but was partially offset by our cost control efforts in operations and maintenance.”

Analyst Review Alert: Knight Transportation (NYSE:KNX)

Analysts are weighing in on how Knight Transportation (NYSE:KNX), might perform in the near term. Wall Street analysts have a much less favorable assessment of the stock, with a mean rating of 2.7. The stock is rated as buy by 4 analysts, with 2 outperform and 16 hold rating. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for strong sell.

For the current quarter, the 23.00 analysts offering adjusted EPS forecast have a consensus estimate of $0.32 a share, which would compare with $0.39 in the same quarter last year. They have a high estimate of $0.33 and a low estimate of $0.29. Revenue for the period is expected to total nearly $284.82M from $301.82M the year-ago period.

For the full year, 24.00 Wall Street analysts forecast this company would deliver earnings of 1.27 per share, with a high estimate of $1.33 and a low estimate of $1.10. It had reported earnings per share of $1.47 in the corresponding quarter of the previous year. Revenue for the period is expected to total nearly $1.15B versus 1.18B in the preceding year.

The analysts project the company to maintain annual growth of around 10.02% percent over the next five years as compared to an average growth rate of 9.58% percent expected for its competitors in the same industry.

Among the 16 analysts Data provided by Thomson/First Call tracks, the 12-month average price target for KNX is $26.97 but some analysts are projecting the price to go as high as $32.00. If the optimistic analysts are correct, that represents a 15 percent upside potential from the recent closing price of $27.87. Some sell-side analysts, particularly the bearish ones, have called for $21.00 price targets on shares of Knight Transportation (NYSE:KNX).

In the last reported results, the company reported earnings of $0.39 per share, while analysts were calling for share earnings of $0.37. It was an earnings surprise of 5.40%percent. In the matter of earnings surprises, the term Cockroach Effect is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

Knight Transportation, Inc., together with its subsidiaries, operates as a short-to-medium haul truckload carrier of general commodities primarily in the United States. It operates through two segments, Trucking and Logistics. The Trucking segment offers truckload carrier dry van, temperature-controlled truckload, and drayage services between ocean ports, rail ramps, and shipping docks. As of December 31, 2015, it operated approximately 4,363 company-owned tractors; and an average of 11,789 trailers, as well as had 407 tractors under contract that are owned and operated by independent contractors. The Logistics segment provides logistics, freight management, freight brokerage, rail intermodal, and other non-trucking services. Knight Transportation, Inc. was founded in 1989 and is headquartered in Phoenix, Arizona.