Knight-Swift Transportation (NYSE:KNX) PT Raised to $48.00

Knight-Swift Transportation (NYSE:KNX) had its price target boosted by research analysts at Stifel Nicolaus from $47.00 to $48.00 in a research note issued on Friday, Benzinga reports. The firm presently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ target price would suggest a potential downside of 8.66% from the stock’s current price.

A number of other brokerages have also recently commented on KNX. Evercore ISI increased their target price on shares of Knight-Swift Transportation from $49.00 to $52.00 and gave the company an “in-line” rating in a research report on Thursday. Bank of America raised their target price on shares of Knight-Swift Transportation from $57.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday. UBS Group lowered their target price on Knight-Swift Transportation from $59.00 to $58.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Citigroup assumed coverage on Knight-Swift Transportation in a report on Wednesday, October 9th. They issued a “neutral” rating and a $55.00 price target for the company. Finally, Morgan Stanley lowered their price objective on Knight-Swift Transportation from $72.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $55.94.

Knight-Swift Transportation Trading Up 1.2 %

Shares of Knight-Swift Transportation stock opened at $52.55 on Friday. Knight-Swift Transportation has a twelve month low of $45.55 and a twelve month high of $60.99. The firm’s 50-day moving average price is $52.22 and its 200 day moving average price is $50.35. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $8.51 billion, a PE ratio of 128.17, a P/E/G ratio of 1.74 and a beta of 0.92.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. Knight-Swift Transportation had a return on equity of 1.98% and a net margin of 0.88%. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period in the previous year, the company posted $0.41 earnings per share. The business’s revenue was down 7.1% on a year-over-year basis. On average, sell-side analysts predict that Knight-Swift Transportation will post 1.06 EPS for the current fiscal year.

Insider Buying and Selling

In other Knight-Swift Transportation news, EVP Michael K. Liu sold 5,696 shares of Knight-Swift Transportation 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Michael K. Liu sold 5,696 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $53.49, for a total value of $304,679.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Kevin P. Knight sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $50.33, for a total transaction of $1,509,900.00. Following the sale, the chairman now directly owns 1,467,360 shares in the company, valued at approximately $73,852,228.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 85,196 shares of company stock valued at $4,367,869. Corporate insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of KNX. Versant Capital Management Inc raised its position in Knight-Swift Transportation by 3,461.9% in 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 in the last quarter. Brown Brothers Harriman & Co. raised its holdings 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 valued at $45,000 after acquiring an additional 200 shares in the last quarter. Blue Trust Inc. lifted its stake in Knight-Swift Transportation by 168.3% in the second quarter. Blue Trust Inc. now owns 923 shares of the transportation company’s stock worth $51,000 after acquiring an additional 579 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in 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 worth $51,000 after acquiring an additional 343 shares in the last quarter. Finally, GAMMA Investing LLC increased its position 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 valued at $61,000 after purchasing an additional 302 shares during the last quarter. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

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.