Knight-Swift Transportation (NYSE:KNX) PT Raised to $65.00

Knight-Swift Transportation (NYSE:KNX) had its price target increased by research analysts at Stephens from $63.00 to $65.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the transportation company’s stock. Stephens’ price target would suggest a potential upside of 37.54% from the stock’s current price.

Several other research firms have also recently weighed in on KNX. KeyCorp raised their price objective on shares of Knight-Swift Transportation from $58.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, July 7th. Citigroup raised their price objective on shares of Knight-Swift Transportation from $52.00 to $53.00 and gave the company a “neutral” rating in a research report on Wednesday, July 14th. Stifel Europe began coverage on shares of Knight-Swift Transportation in a research report on Monday, June 21st. They issued a “buy” rating for the company. They noted that the move was a valuation call. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Knight-Swift Transportation from $60.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, July 8th. Finally, Susquehanna Bancshares cut shares of Knight-Swift Transportation to a “neutral” rating and set a $53.00 price objective for the company. in a research report on Monday, April 12th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $53.59.

Shares of KNX stock opened at $47.26 on Thursday. Knight-Swift Transportation has a 12-month low of $37.07 and a 12-month high of $51.17. The company has a market cap of $7.82 billion, a P/E ratio of 16.94, a P/E/G ratio of 0.87 and a beta of 1.31. The company’s 50-day moving average price is $47.43. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.09.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings results on Wednesday, July 21st. The transportation company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.10. Knight-Swift Transportation had a net margin of 9.94% and a return on equity of 9.02%. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period last year, the firm posted $0.57 EPS. The firm’s quarterly revenue was up 24.0% on a year-over-year basis. As a group, equities research analysts predict that Knight-Swift Transportation will post 3.68 earnings per share for the current year.

In other Knight-Swift Transportation news, EVP James E. Jr. Updike sold 2,250 shares of Knight-Swift Transportation stock in a transaction that occurred on Wednesday, May 5th. The shares were sold at an average price of $48.85, for a total value of $109,912.50. Following the transaction, the executive vice president now owns 15,270 shares of the company’s stock, valued at $745,939.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 27.50% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Ancora Advisors LLC bought a new position in Knight-Swift Transportation in the fourth quarter valued at approximately $25,000. Sandy Spring Bank bought a new position in Knight-Swift Transportation in the first quarter valued at approximately $26,000. CWM LLC lifted its position in shares of Knight-Swift Transportation by 53.8% in the first quarter. CWM LLC now owns 929 shares of the transportation company’s stock worth $45,000 after purchasing an additional 325 shares in the last quarter. Ellevest Inc. lifted its position in shares of Knight-Swift Transportation by 28.5% in the first quarter. Ellevest Inc. now owns 1,173 shares of the transportation company’s stock worth $56,000 after purchasing an additional 260 shares in the last quarter. Finally, Captrust Financial Advisors raised its position in Knight-Swift Transportation by 377.1% during the first quarter. Captrust Financial Advisors now owns 1,169 shares of the transportation company’s stock worth $56,000 after acquiring an additional 924 shares in the last quarter. 86.46% of the stock is currently owned by hedge funds and other institutional investors.

Knight-Swift Transportation Company Profile

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.

Read More: Sell-Side Analysts

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

Receive News & Ratings for Knight-Swift Transportation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knight-Swift Transportation and related companies with MarketBeat.com's FREE daily email newsletter.