Sell-side research analysts give opinions on future stock movement for Knight Transportation, Inc. (NYSE:KNX). These opinions are based on extensive research and deep knowledge of the company. Analysts taken into consideration by Thomson Reuters have created a consensus target price of $38.82 on the stock.Sell-side analysts are able to use multiple metrics in order to help calculate target price estimates. A widely used metric is a company’s preice to earnings ratio. This calculation is derived from dividing the current share price by the projected earnings per share. Knight Transportation, Inc. currently has a P/E Ratio of 37.42. Investors might also evaluate a company’s PEG or price to earnings growth ratio. The PEG ratio represents the ratio of the price to earnings to the anticipated future growth rate of the company. Currently, the company has a PEG Ratio of 3.66 .
Looking at stock performance, company shares have recently traded $0.13 away from the 50-day moving average of $36.17 and $2.55 away from the 200-day moving average of $33.75 . The stock has been recently noted -6.44% off of the 52-week high of 38.80 and +35.20% off of the 52-week low of 26.85. Monitoring the stock price relative to moving averages and highs and lows for the year may help evaluate the value of the stock in the future.