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

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

A number of other analysts also recently weighed in on the company. Bank of America decreased their price target on 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. Stifel Nicolaus downgraded Knight-Swift Transportation from a buy rating to a hold rating and decreased their price target for the company from $53.00 to $47.00 in a research note on Friday, April 26th. Loop Capital downgraded Knight-Swift Transportation from a buy rating to a hold rating and decreased their price target for the company from $63.00 to $53.00 in a research note on Thursday, April 18th. Robert W. Baird decreased their target price on Knight-Swift Transportation from $64.00 to $60.00 and set an outperform rating on the stock in a research report on Thursday, April 25th. Finally, Barclays decreased their target price on Knight-Swift Transportation from $62.00 to $57.00 and set an overweight rating on the stock in a research report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $56.00.

Knight-Swift Transportation Trading Up 0.6 %

NYSE:KNX opened at $49.86 on Tuesday. The firm has a market cap of $8.06 billion, a P/E ratio of 74.42, a PEG ratio of 1.27 and a beta of 0.94. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.25. The stock’s 50 day simple moving average is $48.47 and its 200-day simple moving average is $52.59. 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 earnings results on Wednesday, April 24th. The transportation company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.07). Knight-Swift Transportation had a net margin of 1.50% and a return on equity of 2.54%. The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the firm posted $0.73 EPS. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. Equities analysts anticipate that Knight-Swift Transportation will post 1.23 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Monday, June 10th were paid a $0.16 dividend. The ex-dividend date was Monday, June 10th. This represents a $0.64 annualized dividend and a yield of 1.28%. Knight-Swift Transportation’s payout ratio is currently 95.52%.

Hedge Funds Weigh In On Knight-Swift Transportation

Institutional investors have recently added to or reduced their stakes in the business. Rise Advisors LLC acquired a new position in Knight-Swift Transportation in the first quarter valued at $25,000. GAMMA Investing LLC increased its stake in Knight-Swift Transportation by 67.5% in the first 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 last quarter. Versant Capital Management Inc increased its stake in Knight-Swift Transportation by 3,461.9% during the second quarter. Versant Capital Management Inc now owns 748 shares of the transportation company’s stock worth $37,000 after acquiring an additional 727 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in shares of Knight-Swift Transportation by 136.5% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 667 shares of the transportation company’s stock worth $38,000 after purchasing an additional 385 shares during the period. Finally, Blue Trust Inc. raised its holdings in shares of Knight-Swift Transportation by 80.3% in the 4th quarter. Blue Trust Inc. now owns 732 shares of the transportation company’s stock worth $42,000 after purchasing an additional 326 shares during the period. 88.77% of the stock is currently owned by institutional investors and hedge funds.

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.