Knight-Swift Transportation (NYSE:KNX) PT Raised to $57.00

Knight-Swift Transportation (NYSE:KNX) had its price target lifted by equities researchers at TD Cowen from $47.00 to $57.00 in a report released on Thursday, Marketbeat.com reports. The brokerage currently has a “buy” rating on the transportation company’s stock. TD Cowen’s price target would indicate a potential upside of 11.22% from the company’s current price.

KNX has been the topic of a number of other reports. Raymond James started coverage on shares of Knight-Swift Transportation in a research report on Wednesday, May 15th. They set a “strong-buy” rating and a $58.00 price objective on the stock. Evercore ISI decreased their price target on shares of Knight-Swift Transportation from $55.00 to $53.00 and set an “in-line” rating for the company in a research note on Tuesday, June 25th. UBS Group lowered their price objective on shares of Knight-Swift Transportation from $59.00 to $58.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. StockNews.com upgraded Knight-Swift Transportation to a “sell” rating in a report on Thursday, July 11th. Finally, Robert W. Baird decreased their target price on Knight-Swift Transportation from $64.00 to $60.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Knight-Swift Transportation currently has a consensus rating of “Moderate Buy” and an average price target of $56.79.

Knight-Swift Transportation Stock Performance

Shares of NYSE:KNX opened at $51.25 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.93 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average price of $48.74 and a 200-day moving average price of $52.11. The company has a market cap of $8.28 billion, a price-to-earnings ratio of 76.49, a price-to-earnings-growth ratio of 1.41 and a beta of 0.94. Knight-Swift Transportation has a 12 month low of $45.55 and a 12 month high of $60.99.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings results on Wednesday, July 24th. The transportation company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.83 billion. Knight-Swift Transportation had a net margin of 0.88% and a return on equity of 1.98%. The company’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.49 EPS. As a group, equities analysts anticipate that Knight-Swift Transportation will post 1.2 EPS for the current year.

Institutional Investors Weigh In On Knight-Swift Transportation

A number of institutional investors have recently modified their holdings of the stock. Rise Advisors LLC purchased a new position in shares of Knight-Swift Transportation in the 1st quarter worth about $25,000. GAMMA Investing LLC increased its stake in Knight-Swift Transportation by 67.5% during the 1st quarter. GAMMA Investing LLC now owns 628 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 253 shares in the last quarter. Blue Trust Inc. increased its stake in Knight-Swift Transportation by 80.3% during the 4th quarter. Blue Trust Inc. now owns 732 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 326 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in Knight-Swift Transportation by 61.7% in the fourth quarter. First Horizon Advisors Inc. now owns 742 shares of the transportation company’s stock worth $43,000 after buying an additional 283 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in shares of Knight-Swift Transportation by 3,461.9% in the second quarter. Versant Capital Management Inc now owns 748 shares of the transportation company’s stock worth $37,000 after buying an additional 727 shares in the last quarter. 88.77% of the stock is owned by hedge funds and other institutional investors.

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.