UBS Group Cuts Knight-Swift Transportation (NYSE:KNX) Price Target to $58.00

Knight-Swift Transportation (NYSE:KNX) had its price objective decreased by UBS Group from $59.00 to $58.00 in a research report report published on Tuesday, Marketbeat Ratings reports. UBS Group currently has a buy rating on the transportation company’s stock.

Several other research firms also recently commented on KNX. Evercore ISI decreased their price target on shares of Knight-Swift Transportation from $55.00 to $53.00 and set an in-line rating on the stock in a research note on Tuesday, June 25th. JPMorgan Chase & Co. decreased their price target on shares of Knight-Swift Transportation from $55.00 to $51.00 and set a neutral rating on the stock in a research note on Tuesday. TD Cowen decreased their target price on shares of Knight-Swift Transportation from $58.00 to $52.00 and set a buy rating on the stock in a research note on Thursday, April 18th. Bank of America decreased their target price on shares of Knight-Swift Transportation from $58.00 to $54.00 and set a buy rating on the stock in a research note on Thursday, April 18th. Finally, Stephens decreased their target price on shares of Knight-Swift Transportation from $65.00 to $60.00 and set an overweight rating on the stock in a research note on Thursday, April 18th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Knight-Swift Transportation presently has a consensus rating of Moderate Buy and a consensus price target of $56.00.

Knight-Swift Transportation Trading Up 0.9 %

Shares of KNX opened at $49.53 on Tuesday. The company has a market capitalization of $8.00 billion, a P/E ratio of 73.93, a P/E/G ratio of 1.27 and a beta of 0.94. Knight-Swift Transportation has a 1-year low of $45.55 and a 1-year high of $60.99. The firm’s 50 day simple moving average is $48.42 and its 200 day simple moving average is $52.65. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.93 and a quick ratio of 0.93.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.07). The business had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Knight-Swift Transportation had a return on equity of 2.54% and a net margin of 1.50%. The company’s revenue was up 10.0% compared to the same quarter last year. During the same period last year, the business posted $0.73 earnings per share. Sell-side analysts forecast that Knight-Swift Transportation will post 1.23 earnings per share for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Monday, June 10th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date was Monday, June 10th. Knight-Swift Transportation’s dividend payout ratio is presently 95.52%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Rise Advisors LLC acquired a new stake in Knight-Swift Transportation during the first quarter valued at approximately $25,000. GAMMA Investing LLC raised its stake in Knight-Swift Transportation by 67.5% during the first quarter. GAMMA Investing LLC now owns 628 shares of the transportation company’s stock valued at $35,000 after buying an additional 253 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in shares of Knight-Swift Transportation by 136.5% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 667 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 385 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Knight-Swift Transportation by 80.3% during the fourth quarter. Blue Trust Inc. now owns 732 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 326 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in shares of Knight-Swift Transportation by 61.7% during the fourth quarter. First Horizon Advisors Inc. now owns 742 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 283 shares during the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

About Knight-Swift Transportation

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.