Recent Research Analysts’ Ratings Changes for Knight-Swift Transportation (KNX)

Posted by Oscar Bower on Aug 6th, 2024

A number of research firms have changed their ratings and price targets for Knight-Swift Transportation (NYSE: KNX):

7/25/2024 – Knight-Swift Transportation had its price target lowered by analysts at Raymond James from $58.00 to $57.00. They now have a “strong-buy” rating on the stock.
7/25/2024 – Knight-Swift Transportation was upgraded by analysts at StockNews.com to a “sell” rating.
7/25/2024 – Knight-Swift Transportation had its price target raised by analysts at JPMorgan Chase & Co. from $51.00 to $57.00. They now have a “neutral” rating on the stock.
7/25/2024 – Knight-Swift Transportation had its price target raised by analysts at TD Cowen from $47.00 to $57.00. They now have a “buy” rating on the stock.
7/22/2024 – Knight-Swift Transportation had its price target raised by analysts at Bank of America Co. from $54.00 to $55.00. They now have a “buy” rating on the stock.
7/11/2024 – Knight-Swift Transportation was upgraded by analysts at StockNews.com to a “sell” rating.
7/11/2024 – Knight-Swift Transportation was downgraded by analysts at Wolfe Research from an “outperform” rating to a “peer perform” rating.
7/9/2024 – Knight-Swift Transportation had its price target lowered by analysts at JPMorgan Chase & Co. from $55.00 to $51.00. They now have a “neutral” rating on the stock.
7/9/2024 – Knight-Swift Transportation had its price target lowered by analysts at UBS Group AG from $59.00 to $58.00. They now have a “buy” rating on the stock.
6/25/2024 – Knight-Swift Transportation had its price target lowered by analysts at Evercore ISI from $55.00 to $53.00. They now have an “in-line” rating on the stock.
6/7/2024 – Knight-Swift Transportation is now covered by analysts at Wells Fargo & Company. They set an “overweight” rating and a $56.00 price target on the stock.

Knight-Swift Transportation Stock Up 2.1 %

KNX stock traded up $1.06 during mid-day trading on Tuesday, reaching $52.52. The company had a trading volume of 2,790,920 shares, compared to its average volume of 2,159,852. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.93 and a current ratio of 0.88. The company has a market capitalization of $8.49 billion, a price-to-earnings ratio of 78.39, a price-to-earnings-growth ratio of 1.36 and a beta of 0.93. The firm has a fifty day simple moving average of $49.36 and a 200 day simple moving average of $51.97. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $45.55 and a fifty-two week high of $60.99.

Knight-Swift Transportation (NYSE:KNX – Get Free Report) last issued its earnings results on Wednesday, July 24th. The transportation company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.03). The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.83 billion. Knight-Swift Transportation had a return on equity of 1.98% and a net margin of 0.88%. Knight-Swift Transportation’s revenue was up 18.9% on a year-over-year basis. During the same period last year, the business posted $0.49 EPS. Analysts forecast that Knight-Swift Transportation Holdings Inc. will post 1.13 earnings per share for the current fiscal year.

Insider Activity at Knight-Swift Transportation

In related news, EVP Michael K. Liu sold 5,696 shares of Knight-Swift Transportation stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $53.49, for a total transaction of $304,679.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Chairman Kevin P. Knight sold 45,000 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $51.53, for a total value of $2,318,850.00. Following the completion of the sale, the chairman now owns 1,422,360 shares of the company’s stock, valued at $73,294,210.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael K. Liu sold 5,696 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $53.49, for a total value of $304,679.04. The disclosure for this sale can be found here. Insiders have sold a total of 80,696 shares of company stock worth $4,133,429 over the last three months. 3.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Rise Advisors LLC acquired a new stake in Knight-Swift Transportation in the 1st quarter valued at approximately $25,000. GAMMA Investing LLC increased its position in shares of 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 during the period. Versant Capital Management Inc increased its position in shares of Knight-Swift Transportation by 3,461.9% during the 2nd quarter. Versant Capital Management Inc now owns 748 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 727 shares during the period. First Horizon Advisors Inc. increased its position in shares of Knight-Swift Transportation by 61.7% during the 4th 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 period. Finally, Massmutual Trust Co. FSB ADV increased its position in shares of Knight-Swift Transportation by 50.7% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,020 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 343 shares during the period. Institutional investors and hedge funds own 88.77% of the company’s stock.

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.