Knight-Swift Transportation (NYSE:KNX) PT Raised to $58.00

Knight-Swift Transportation (NYSE:KNX) had its price target hoisted by equities research analysts at Raymond James from $57.00 to $58.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has a “strong-buy” rating on the transportation company’s stock. Raymond James’ price target would suggest a potential upside of 12.54% from the company’s previous close.

Several other equities analysts also recently commented on KNX. StockNews.com upgraded Knight-Swift Transportation to a “sell” rating in a research note on Thursday, July 25th. TD Cowen increased their price target on Knight-Swift Transportation from $47.00 to $57.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Barclays boosted their price objective on Knight-Swift Transportation from $57.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Wolfe Research lowered shares of Knight-Swift Transportation from an “outperform” rating to a “peer perform” rating in a research report on Thursday, July 11th. Finally, The Goldman Sachs Group lowered their price target on shares of Knight-Swift Transportation from $48.00 to $44.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $55.88.

Knight-Swift Transportation Stock Performance

Shares of Knight-Swift Transportation stock opened at $51.54 on Monday. The firm has a market capitalization of $8.33 billion, a P/E ratio of 76.92, a price-to-earnings-growth ratio of 1.41 and a beta of 0.92. 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 business’s fifty day simple moving average is $52.19 and its 200 day simple moving average is $50.40. 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 posted its quarterly 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 company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.83 billion. Knight-Swift Transportation had a net margin of 0.88% and a return on equity of 1.98%. Knight-Swift Transportation’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS. As a group, analysts anticipate that Knight-Swift Transportation will post 1.08 EPS for the current year.

Insider Activity at Knight-Swift Transportation

In other Knight-Swift Transportation news, EVP Michael K. Liu sold 5,696 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $53.49, for a total transaction of $304,679.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Knight-Swift Transportation news, EVP Michael K. Liu sold 5,696 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $53.49, for a total value of $304,679.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Kevin P. Knight sold 30,000 shares of Knight-Swift Transportation stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $50.33, for a total value of $1,509,900.00. Following the sale, the chairman now owns 1,467,360 shares in the company, valued at $73,852,228.80. This represents 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. Insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Knight-Swift Transportation

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Interval Partners LP raised its holdings in Knight-Swift Transportation by 8,520.1% in the 2nd quarter. Interval Partners LP now owns 1,293,011 shares of the transportation company’s stock worth $64,547,000 after acquiring an additional 1,278,011 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Knight-Swift Transportation by 1,728.8% in the second quarter. Thrivent Financial for Lutherans now owns 1,330,934 shares of the transportation company’s stock worth $66,440,000 after purchasing an additional 1,258,157 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Knight-Swift Transportation by 27.6% during the second quarter. Dimensional Fund Advisors LP now owns 5,431,299 shares of the transportation company’s stock valued at $271,121,000 after purchasing an additional 1,176,069 shares in the last quarter. Millennium Management LLC boosted its position in shares of Knight-Swift Transportation by 309.7% during the second quarter. Millennium Management LLC now owns 1,068,323 shares of the transportation company’s stock valued at $53,331,000 after buying an additional 807,572 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Knight-Swift Transportation by 10.9% in the 2nd quarter. Victory Capital Management Inc. now owns 7,594,817 shares of the transportation company’s stock worth $379,133,000 after buying an additional 744,412 shares in the last quarter. 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.