Susquehanna Lowers Knight-Swift Transportation (NYSE:KNX) Price Target to $49.00

Knight-Swift Transportation (NYSE:KNX) had its price target reduced by research analysts at Susquehanna from $51.00 to $49.00 in a research report issued on Thursday, Briefing.com reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price target would suggest a potential upside of 0.95% from the stock’s current price.

Several other equities analysts have also commented on KNX. Morgan Stanley upped their price target on shares of Knight-Swift Transportation from $60.00 to $70.00 and gave the stock an “overweight” rating in a research report on Thursday. KeyCorp increased 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 note on Wednesday, July 7th. Citigroup increased their target price on shares of Knight-Swift Transportation from $52.00 to $53.00 and gave the stock a “neutral” rating in a report on Wednesday, July 14th. Stifel Europe assumed 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. Finally, JPMorgan Chase & Co. raised their price objective on shares of Knight-Swift Transportation from $44.00 to $47.00 and gave the company an “underweight” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $54.73.

Shares of NYSE:KNX traded up $1.28 during midday trading on Thursday, hitting $48.54. The stock had a trading volume of 42,969 shares, compared to its average volume of 1,780,421. The stock has a market cap of $8.03 billion, a P/E ratio of 17.35, a PEG 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 has a 1 year low of $37.07 and a 1 year high of $51.17.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings data on Tuesday, July 20th. The transportation company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.10. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.30 billion. Knight-Swift Transportation had a net margin of 9.94% and a return on equity of 9.02%. The firm’s revenue was up 24.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.57 earnings per share. Equities analysts forecast that Knight-Swift Transportation will post 3.68 earnings per share for the current fiscal year.

In other Knight-Swift Transportation news, EVP James E. Jr. Updike sold 2,250 shares of the stock in a transaction dated Wednesday, May 5th. The stock was sold at an average price of $48.85, for a total value of $109,912.50. Following the completion of the transaction, the executive vice president now directly owns 15,270 shares in the company, valued at $745,939.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 27.50% of the company’s stock.

A number of hedge funds have recently modified their holdings of KNX. Raymond James Financial Services Advisors Inc. grew its stake in Knight-Swift Transportation by 22.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 13,912 shares of the transportation company’s stock valued at $582,000 after acquiring an additional 2,561 shares during the period. LPL Financial LLC lifted its holdings in Knight-Swift Transportation by 23.8% during the fourth quarter. LPL Financial LLC now owns 7,756 shares of the transportation company’s stock worth $324,000 after acquiring an additional 1,489 shares during the period. Stifel Financial Corp lifted its holdings in Knight-Swift Transportation by 128.4% during the fourth quarter. Stifel Financial Corp now owns 34,994 shares of the transportation company’s stock worth $1,464,000 after acquiring an additional 19,674 shares during the period. Ancora Advisors LLC bought a new stake in Knight-Swift Transportation during the fourth quarter worth $25,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Knight-Swift Transportation by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 972,858 shares of the transportation company’s stock worth $40,685,000 after acquiring an additional 26,027 shares during the period. Institutional investors and hedge funds own 86.46% of the company’s stock.

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.

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

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