Knight-Swift Transportation (NYSE:KNX) PT Raised to $56.00 at TD Cowen

Knight-Swift Transportation (NYSE:KNX) had its price target lifted by stock analysts at TD Cowen from $55.00 to $56.00 in a report issued on Thursday, Briefing.com reports. The brokerage currently has a “buy” rating on the transportation company’s stock. TD Cowen’s target price would suggest a potential upside of 6.18% from the company’s previous close.

A number of other research firms have also weighed in on KNX. Citigroup started coverage on Knight-Swift Transportation in a research note on Wednesday, October 9th. They issued a “neutral” rating and a $55.00 target price for the company. StockNews.com raised Knight-Swift Transportation to a “sell” rating in a research note on Thursday, July 25th. Barclays lifted their target price on shares of Knight-Swift Transportation from $57.00 to $62.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. Evercore ISI dropped their price target on shares of Knight-Swift Transportation from $55.00 to $49.00 and set an “in-line” rating for the company in a research report on Thursday, October 3rd. Finally, Susquehanna raised their price target on shares of Knight-Swift Transportation from $45.00 to $48.00 and gave the stock a “neutral” rating in a report on Thursday, September 26th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $54.53.

Knight-Swift Transportation Stock Down 0.1 %

Shares of KNX opened at $52.74 on Thursday. The firm has a market cap of $8.54 billion, a P/E ratio of 128.64, a P/E/G ratio of 1.74 and a beta of 0.92. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.88 and a quick ratio of 0.88. Knight-Swift Transportation has a 1 year low of $45.55 and a 1 year high of $60.99. The stock has a 50 day simple moving average of $52.27 and a two-hundred day simple moving average of $50.37.

Knight-Swift Transportation (NYSE:KNX) last issued its 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). Knight-Swift Transportation had a return on equity of 1.98% and a net margin of 0.88%. The business had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter in the previous year, the business earned $0.49 EPS. Knight-Swift Transportation’s revenue for the quarter was up 18.9% compared to the same quarter last year. On average, analysts forecast that Knight-Swift Transportation will post 1.06 earnings per share for the current fiscal year.

Insider Transactions at Knight-Swift Transportation

In related news, Director Michael Garnreiter sold 2,000 shares of Knight-Swift Transportation stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $50.57, for a total transaction of $101,140.00. Following the completion of the transaction, the director now directly owns 17,648 shares of the company’s stock, valued at $892,459.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Knight-Swift Transportation news, Chairman Kevin P. Knight sold 45,000 shares of the business’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 transaction, the chairman now owns 1,422,360 shares of the company’s stock, valued at approximately $73,294,210.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Garnreiter sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $50.57, for a total transaction of $101,140.00. Following the sale, the director now directly owns 17,648 shares in the company, valued at approximately $892,459.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 85,196 shares of company stock valued at $4,367,869 in the last three months. 3.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Knight-Swift Transportation

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc lifted its holdings 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 buying an additional 727 shares during the period. Brown Brothers Harriman & Co. boosted its position in Knight-Swift Transportation by 28.6% in the second quarter. Brown Brothers Harriman & Co. now owns 900 shares of the transportation company’s stock worth $45,000 after purchasing an additional 200 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Knight-Swift Transportation by 168.3% during the 2nd quarter. Blue Trust Inc. now owns 923 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 579 shares during the period. 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 last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Knight-Swift Transportation by 36.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,127 shares of the transportation company’s stock worth $61,000 after purchasing an additional 302 shares during the period. Hedge funds and other 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.