Knight-Swift Transportation (NYSE:KNX) Given New $57.00 Price Target at JPMorgan Chase & Co.

Knight-Swift Transportation (NYSE:KNX) had its price target upped by JPMorgan Chase & Co. from $51.00 to $57.00 in a research report report published on Thursday, Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

Several other analysts also recently weighed in on the stock. Bank of America boosted their target price on shares of Knight-Swift Transportation from $54.00 to $55.00 and gave the stock a buy rating in a research report on Monday, July 22nd. StockNews.com raised Knight-Swift Transportation to a sell rating in a report on Thursday, July 11th. Barclays decreased their target price on Knight-Swift Transportation from $62.00 to $57.00 and set an overweight rating for the company in a report on Thursday, April 18th. TD Cowen raised their price target on shares of Knight-Swift Transportation from $47.00 to $57.00 and gave the stock a buy rating in a research report on Thursday. Finally, Loop Capital downgraded shares of Knight-Swift Transportation from a buy rating to a hold rating and dropped their price objective for the company from $63.00 to $53.00 in a report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $56.79.

Knight-Swift Transportation Stock Down 1.5 %

Shares of Knight-Swift Transportation stock opened at $51.25 on Thursday. The firm’s 50 day moving average price is $48.74 and its 200-day moving average price is $52.05. The company has a quick ratio of 0.93, a current ratio of 0.88 and a debt-to-equity ratio of 0.24. Knight-Swift Transportation has a 52-week low of $45.55 and a 52-week high of $60.99. The company has a market cap of $8.28 billion, a P/E ratio of 76.49, a PEG ratio of 1.39 and a beta of 0.94.

Knight-Swift Transportation (NYSE:KNX) last announced 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 analysts’ expectations of $1.83 billion. Knight-Swift Transportation had a return on equity of 1.98% and a net margin of 0.88%. The firm’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 earnings per share. On average, sell-side analysts predict that Knight-Swift Transportation will post 1.16 EPS for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 10th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend was Monday, June 10th. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 95.52%.

Hedge Funds Weigh In On Knight-Swift Transportation

A number of large investors have recently bought and sold shares of KNX. Rise Advisors LLC purchased a new stake in shares of Knight-Swift Transportation in the first quarter valued at approximately $25,000. GAMMA Investing LLC increased its holdings in Knight-Swift Transportation by 67.5% in the 1st quarter. GAMMA Investing LLC now owns 628 shares of the transportation company’s stock worth $35,000 after acquiring an additional 253 shares in the last quarter. Blue Trust Inc. raised its position in Knight-Swift Transportation by 80.3% during the fourth quarter. Blue Trust Inc. now owns 732 shares of the transportation company’s stock worth $42,000 after acquiring an additional 326 shares during the period. First Horizon Advisors Inc. lifted its holdings in Knight-Swift Transportation by 61.7% during the fourth 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 in the last quarter. Finally, Versant Capital Management Inc grew its position 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 valued at $37,000 after purchasing an additional 727 shares during the period. Institutional investors and hedge funds 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.