Knight-Swift Transportation (NYSE:KNX) Rating Reiterated by Susquehanna

Knight-Swift Transportation (NYSE:KNX)‘s stock had its “neutral” rating reissued by analysts at Susquehanna in a research note issued on Monday, Benzinga reports. They currently have a $53.00 price target on the transportation company’s stock. Susquehanna’s price objective points to a potential upside of 7.57% from the company’s current price.

KNX has been the topic of a number of other research reports. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $45.00 price objective (down previously from $56.00) on shares of Knight-Swift Transportation in a report on Tuesday, March 16th. Wolfe Research cut shares of Knight-Swift Transportation from an “outperform” rating to a “market perform” rating in a report on Thursday, January 7th. Knight Equity raised shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $46.00 to $52.00 in a report on Thursday, March 4th. KCG upgraded shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and increased their target price for the company from $46.00 to $52.00 in a research report on Thursday, March 4th. Finally, Cowen increased their target price on shares of Knight-Swift Transportation from $47.00 to $52.00 and gave the company a “market perform” rating in a research report on Thursday, January 28th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $50.70.

KNX opened at $49.27 on Monday. The stock has a market capitalization of $8.16 billion, a PE ratio of 25.27, a P/E/G ratio of 0.87 and a beta of 1.19. Knight-Swift Transportation has a 12-month low of $34.58 and a 12-month high of $50.63. The firm’s fifty day moving average price is $47.26 and its 200 day moving average price is $42.98. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.79 and a quick ratio of 0.79.

Knight-Swift Transportation (NYSE:KNX) last issued its earnings results on Wednesday, January 27th. The transportation company reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.03. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Knight-Swift Transportation had a net margin of 7.30% and a return on equity of 6.97%. The firm’s revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 earnings per share. On average, equities research analysts forecast that Knight-Swift Transportation will post 2.65 earnings per share for the current fiscal year.

In other news, Vice Chairman Gary J. Knight sold 50,000 shares of the stock in a transaction that occurred on Tuesday, March 30th. The shares were sold at an average price of $49.00, for a total value of $2,450,000.00. Following the completion of the sale, the insider now directly owns 10,285 shares of the company’s stock, valued at $503,965. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Kevin P. Knight sold 49,600 shares of the stock in a transaction that occurred on Friday, April 9th. The stock was sold at an average price of $50.06, for a total transaction of $2,482,976.00. Following the completion of the sale, the chairman now directly owns 5,509 shares of the company’s stock, valued at $275,780.54. The disclosure for this sale can be found here. Over the last quarter, insiders sold 199,600 shares of company stock valued at $9,882,976. Corporate insiders own 27.50% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. NEXT Financial Group Inc lifted its position in shares of Knight-Swift Transportation by 10.7% in the first quarter. NEXT Financial Group Inc now owns 2,582 shares of the transportation company’s stock worth $124,000 after purchasing an additional 250 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Knight-Swift Transportation by 5.0% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 5,362 shares of the transportation company’s stock valued at $224,000 after acquiring an additional 257 shares in the last quarter. Profund Advisors LLC raised its position in Knight-Swift Transportation by 3.6% during the fourth quarter. Profund Advisors LLC now owns 10,150 shares of the transportation company’s stock valued at $424,000 after acquiring an additional 350 shares in the last quarter. Parallel Advisors LLC raised its position in Knight-Swift Transportation by 82.6% during the fourth quarter. Parallel Advisors LLC now owns 1,019 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 461 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its position in Knight-Swift Transportation by 1.6% during the first quarter. Louisiana State Employees Retirement System now owns 31,900 shares of the transportation company’s stock valued at $1,534,000 after acquiring an additional 500 shares in the last quarter. 86.80% of the stock is owned by institutional investors and hedge funds.

About Knight-Swift Transportation

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada. The company operates through three segments: Trucking, Logistics, and Intermodal. Its trucking services include irregular route, dedicated, refrigerated, flatbed, expedited, dry van, drayage, and cross-border transportation of various products, goods, and materials.

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Analyst Recommendations for Knight-Swift Transportation (NYSE:KNX)

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