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

Knight-Swift Transportation (NYSE:KNX) had its target price reduced by stock analysts at Barclays from $62.00 to $57.00 in a research note issued on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the transportation company’s stock. Barclays‘s price target points to a potential upside of 17.96% from the company’s previous close.

Several other equities research analysts have also commented on KNX. Bank of America cut their target price on Knight-Swift Transportation from $58.00 to $54.00 and set a “buy” rating on the stock in a research report on Thursday. Loop Capital downgraded Knight-Swift Transportation from a “buy” rating to a “hold” rating and dropped their price target for the stock from $63.00 to $53.00 in a research note on Thursday. JPMorgan Chase & Co. dropped their price target on Knight-Swift Transportation from $62.00 to $60.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 9th. Susquehanna dropped their price target on Knight-Swift Transportation from $59.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, TD Cowen dropped their price target on Knight-Swift Transportation from $58.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $58.62.

Knight-Swift Transportation Trading Down 0.4 %

Shares of NYSE KNX traded down $0.21 during trading on Thursday, reaching $48.32. The company had a trading volume of 1,682,058 shares, compared to its average volume of 2,068,040. The company’s fifty day moving average price is $55.07 and its 200-day moving average price is $54.23. Knight-Swift Transportation has a 12 month low of $45.73 and a 12 month high of $60.99. The stock has a market cap of $7.80 billion, a P/E ratio of 36.33, a PEG ratio of 1.47 and a beta of 0.99. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.24.

Knight-Swift Transportation (NYSE:KNX) last announced its earnings results on Wednesday, January 24th. The transportation company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.38). Knight-Swift Transportation had a net margin of 3.04% and a return on equity of 3.93%. The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.92 billion. As a group, research analysts expect that Knight-Swift Transportation will post 2.3 earnings per share for the current year.

Insider Activity at Knight-Swift Transportation

In related news, CAO Cary M. Flanagan sold 2,000 shares of Knight-Swift Transportation stock in a transaction on 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 available through this link. 3.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Knight-Swift Transportation

Large investors have recently added to or reduced their stakes in the business. Raymond James & Associates raised its position in Knight-Swift Transportation by 22.1% during the first quarter. Raymond James & Associates now owns 76,395 shares of the transportation company’s stock valued at $3,855,000 after purchasing an additional 13,808 shares in the last quarter. US Bancorp DE raised its position in Knight-Swift Transportation by 57.6% during the first quarter. US Bancorp DE now owns 14,450 shares of the transportation company’s stock valued at $729,000 after purchasing an additional 5,283 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Knight-Swift Transportation by 23.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 13,997 shares of the transportation company’s stock valued at $706,000 after purchasing an additional 2,677 shares in the last quarter. Great West Life Assurance Co. Can raised its position in Knight-Swift Transportation by 3.8% during the first quarter. Great West Life Assurance Co. Can now owns 211,351 shares of the transportation company’s stock valued at $11,126,000 after purchasing an additional 7,824 shares in the last quarter. Finally, Sei Investments Co. raised its position in Knight-Swift Transportation by 6.7% during the first quarter. Sei Investments Co. now owns 141,380 shares of the transportation company’s stock valued at $7,135,000 after purchasing an additional 8,923 shares in the last quarter. 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.