Knight-Swift Transportation (NYSE:KNX) PT Lowered to $52.00

Knight-Swift Transportation (NYSE:KNX) had its price objective reduced by equities research analysts at TD Cowen from $58.00 to $52.00 in a research report issued to clients and investors on Thursday, Marketbeat reports. The firm currently has a “buy” rating on the transportation company’s stock. TD Cowen’s price objective points to a potential upside of 7.97% from the company’s current price.

Several other research analysts have also recently weighed in on KNX. Susquehanna decreased their price target on Knight-Swift Transportation from $62.00 to $59.00 and set a “neutral” rating for the company in a research note on Monday, March 25th. JPMorgan Chase & Co. decreased their price target on Knight-Swift Transportation from $62.00 to $60.00 and set a “neutral” rating for the company in a research note on Tuesday, April 9th. Barclays decreased their price target on Knight-Swift Transportation from $65.00 to $62.00 and set an “overweight” rating for the company in a research note on Monday, April 1st. Stifel Nicolaus boosted their price target on Knight-Swift Transportation from $54.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Finally, Loop Capital cut Knight-Swift Transportation from a “buy” rating to a “hold” rating and decreased their price target for the stock from $63.00 to $53.00 in a research note on Thursday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $57.77.

Knight-Swift Transportation Stock Up 0.6 %

Shares of NYSE:KNX opened at $48.16 on Thursday. The stock has a fifty day simple moving average of $54.60 and a two-hundred day simple moving average of $54.18. The stock has a market capitalization of $7.78 billion, a price-to-earnings ratio of 36.21, a PEG ratio of 1.45 and a beta of 0.99. Knight-Swift Transportation has a 12-month low of $45.73 and a 12-month high of $60.99. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings results on Wednesday, January 24th. The transportation company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.38). Knight-Swift Transportation had a return on equity of 3.93% and a net margin of 3.04%. The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.92 billion. On average, research analysts anticipate that Knight-Swift Transportation will post 2.2 earnings per share for the current fiscal year.

Insider Buying and Selling at Knight-Swift Transportation

In other Knight-Swift Transportation news, CAO Cary M. Flanagan sold 2,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $56.24, for a total transaction of $112,480.00. Following the completion of the sale, the chief accounting officer now owns 5,118 shares of the company’s stock, valued at $287,836.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Knight-Swift Transportation

Several hedge funds have recently bought and sold shares of KNX. Rise Advisors LLC bought a new stake in Knight-Swift Transportation during the first quarter valued at about $25,000. Quarry LP bought a new position in shares of Knight-Swift Transportation in the fourth quarter worth about $33,000. GAMMA Investing LLC boosted its stake in shares of Knight-Swift Transportation by 67.5% in the first quarter. GAMMA Investing LLC now owns 628 shares of the transportation company’s stock worth $35,000 after acquiring an additional 253 shares during the period. Massmutual Trust Co. FSB ADV boosted its stake in shares of Knight-Swift Transportation by 136.5% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 667 shares of the transportation company’s stock worth $38,000 after acquiring an additional 385 shares during the period. Finally, FinTrust Capital Advisors LLC bought a new position in shares of Knight-Swift Transportation in the third quarter worth about $42,000. Institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides freight transportation services in the United States and Mexico. The company operates through four segments: Truckload, Less-than-truckload (LTL), Logistics, and Intermodal. The Truckload segment provides transportation services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.