Latest news with #KenHoexter
Business Insider
13-06-2025
- Business
- Business Insider
Bank of America Securities Reaffirms Their Sell Rating on Werner Enterprises (WERN)
In a report released today, Ken Hoexter from Bank of America Securities maintained a Sell rating on Werner Enterprises (WERN – Research Report), with a price target of $27.00. The company's shares closed today at $27.79. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Hoexter is a 3-star analyst with an average return of 1.4% and a 48.39% success rate. Hoexter covers the Industrials sector, focusing on stocks such as CSX, XPO, and ArcBest. The word on The Street in general, suggests a Hold analyst consensus rating for Werner Enterprises with a $28.83 average price target.
Yahoo
07-06-2025
- Business
- Yahoo
BofA Lowers PT for Old Dominion (ODFL), Maintains Neutral Rating
On June 4, BofA Securities lowered its price target for Old Dominion Freight Line, Inc. (NASDAQ:ODFL) from $183 to $172 and kept a Neutral rating on the stock. Ken Hoexter from BofA made the update following Old Dominion's mid-second quarter 2025 result. The American transport and logistics company reported a 5.8% decline year-over-year in revenue per day for May 2025, missing BofA's estimate of a 3.9% decline. Despite such, the company maintains a healthy gross profit margin of 39.75% and a trailing 12-month revenue of $5.73 billion. A large cargo ship navigating a busy port, its scale highlighting the company's marine transportation services. Hoexter also added that the company saw a 6.8% decline in shipments per day, missing the BofA's target of a 6.5% decline. The analyst also pointed out that the economic impact of the China tariffs has contributed to the weak results. Old Dominion's CEO, on the other hand, states that the company is maintaining its market share and profitability. Old Dominion Freight Line, Inc. (NASDAQ:ODFL) is a freight transportation and logistics services company that primarily offers services in the United States, Canada, and Mexico . The company also offers household moving services and expedited logistics. While we acknowledge the potential of ODFL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. Read Next: and . Disclosure. None.
Business Insider
07-06-2025
- Business
- Business Insider
BMO Capital Reaffirms Their Hold Rating on Saia (SAIA)
BMO Capital analyst Fadi Chamoun maintained a Hold rating on Saia (SAIA – Research Report) today and set a price target of $280.00. The company's shares opened today at $257.50. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Chamoun covers the Industrials sector, focusing on stocks such as Saia, CAE, and Canadian National Railway. According to TipRanks, Chamoun has an average return of 13.3% and a 63.38% success rate on recommended stocks. In addition to BMO Capital, Saia also received a Hold from Bank of America Securities's Ken Hoexter in a report issued yesterday. However, on the same day, Benchmark Co. maintained a Buy rating on Saia (NASDAQ: SAIA). The company has a one-year high of $624.55 and a one-year low of $229.12. Currently, Saia has an average volume of 791.5K.
Yahoo
19-05-2025
- Business
- Yahoo
Argus Sees Union Pacific (UNP) As A Compelling Opportunity
On May 16, Argus Research analyst Kristina Ruggeri pointed to Union Pacific Corp.'s (NYSE:UNP) recent underperformance as a buying opportunity. The analyst based his positive view on the company's ability to maintain a healthy operating margin despite macro pressures. He attributed this solid performance to higher volumes, productivity gains, and better value-based pricing. Additionally, the analyst cited Union Pacific's above-industry-average dividend yields of about 2.3% as positive for the stock. He reiterated his Buy rating on the stock with a price target of $275. A freight train carrying railcar equipment in the foreground with a commercial area in the background. A day before, BofA analyst Ken Hoexter raised his price target on Union Pacific Corp. (NYSE:UNP) to $262 from $256 while reiterating his Buy rating. However, their update was more broad-based as BofA analysts raised price targets and valuation multiples across the rails, less-than-truckload shippers, truckload shippers, and intermodal carriers industry. As per the report, they have become slightly more positive on this space as they now see increased volume flows at least until mid-Summer, compared to a recessionary outlook earlier. This led to upward estimate revisions across that industry. UNP, as a railroad company, remains an integral part of the global supply chain. It enjoys stable fundamentals and a well-defined business strategy. By rail, it connects 23 U.S. states in the western two-thirds of the country. While we acknowledge the potential of UNP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than UNP and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None.
Yahoo
01-04-2025
- Business
- Yahoo
Knight-Swift Faces Pressure With Lack Of Freight Flows Amid Tariffs, Analyst Downgrades Stock
BofA Securities analyst Ken Hoexter downgraded the shares of Knight-Swift Transportation Holdings Inc (NYSE:KNX) on Tuesday from Buy to Neutral and lowered the price forecast from $66.00 to $46.00. The revision reflects a reduced valuation multiple of 28x, down from 33x, slightly exceeding the company's historical range of 14x-26x. The stock currently trades at 26.4x the 2025 EPS estimate, which may face additional downward pressure as forecasts decline, said the analyst. The analyst's earnings estimates for KNX have been significantly reduced for the first quarter, second quarter, FY25, and FY26 by 35%, 20%, 17%, and 11% to $0.20, $0.38, $1.65, and $2.95, respectively, from $0.31, $0.48, $2.00, and $3.30. Also Read: The cuts stem from early first-quarter weather disruptions, followed by weakened freight flows amid tariff concerns. 1Q25/2Q25 estimates now fall below the company's and consensus targets. Additionally, truckload spot rates have declined to $1.50 per mile, near breakeven for truckers, signaling broader industry challenges. KNX is projected to shrink its truckload (TL) fleet by 1.5% sequentially in the first-quarter to 21,900 tractors, exceeding the previously expected 0.8% reduction. Revenue per mile is anticipated to remain steady at $2.36, with only 1% year-over-year growth in 2025 due to a lack of new contract bid premiums and exposure to volatile spot rates. KNX is experiencing challenges across its Less-Than-Truckload (LTL), Intermodal, and Logistics divisions. Lower demand is pressuring Intermodal volumes and bid season rates, while the Logistics segment faced early first-quarter struggles before stabilizing later in the quarter. Weather-related costs are expected to impact LTL results, prompting an upward revision of the first-quarter LTL operating ratio target to 94.6% from 94.1%, concluded the analyst. Price Action: KNX shares traded lower by 0.16% at $43.43 at last check Tuesday. Read Next:Image via Shutterstock. Date Firm Action From To Mar 2022 Susquehanna Upgrades Neutral Positive Jan 2022 Morgan Stanley Maintains Overweight Jan 2022 Raymond James Maintains Outperform View More Analyst Ratings for KNX View the Latest Analyst Ratings UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? KNIGHT-SWIFT (KNX): Free Stock Analysis Report This article Knight-Swift Faces Pressure With Lack Of Freight Flows Amid Tariffs, Analyst Downgrades Stock originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
