Knight-Swift Transportation (NYSE:KNX) PT Lowered to $53.00

Knight-Swift Transportation (NYSE:KNX) had its price objective lowered by investment analysts at Evercore ISI from $55.00 to $53.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has an “in-line” rating on the transportation company’s stock. Evercore ISI’s price objective points to a potential upside of 8.36% from the stock’s previous close.

Other analysts have also issued reports about the stock. Barclays decreased their price target on shares of 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. Robert W. Baird lowered their price target on Knight-Swift Transportation from $64.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. TD Cowen reduced their price objective on Knight-Swift Transportation from $58.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Susquehanna decreased their price objective on Knight-Swift Transportation from $59.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, April 18th. Finally, JPMorgan Chase & Co. cut their target price on Knight-Swift Transportation from $62.00 to $60.00 and set a “neutral” rating for the company in a research note on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $57.14.

Knight-Swift Transportation Stock Performance

Shares of KNX opened at $48.91 on Tuesday. Knight-Swift Transportation has a one year low of $45.55 and a one year high of $60.99. The company has a 50-day moving average of $47.99 and a two-hundred day moving average of $53.27. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market cap of $7.90 billion, a price-to-earnings ratio of 73.00, a PEG ratio of 1.22 and a beta of 0.98.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly 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 return on equity of 2.54% and a net margin of 1.50%. The company had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same period last year, the company earned $0.73 earnings per share. Knight-Swift Transportation’s revenue for the quarter was up 10.0% compared to the same quarter last year. On average, equities research analysts expect that Knight-Swift Transportation will post 1.26 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Rise Advisors LLC purchased a new stake in Knight-Swift Transportation during the 1st quarter worth about $25,000. GAMMA Investing LLC increased its position in shares of Knight-Swift Transportation by 67.5% during the first quarter. GAMMA Investing LLC now owns 628 shares of the transportation company’s stock valued at $35,000 after buying an additional 253 shares during the period. Massmutual Trust Co. FSB ADV increased its position in shares of Knight-Swift Transportation by 136.5% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 667 shares of the transportation company’s stock valued at $38,000 after buying an additional 385 shares during the period. Blue Trust Inc. lifted its holdings in shares of Knight-Swift Transportation by 80.3% in the fourth quarter. Blue Trust Inc. now owns 732 shares of the transportation company’s stock worth $42,000 after buying an additional 326 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its position in shares of Knight-Swift Transportation by 61.7% in the fourth quarter. First Horizon Advisors Inc. now owns 742 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 283 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.