Susquehanna Cuts Knight-Swift Transportation (NYSE:KNX) Price Target to $54.00

Knight-Swift Transportation (NYSE:KNX) had its price objective reduced by research analysts at Susquehanna from $67.00 to $54.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “positive” rating on the transportation company’s stock. Susquehanna’s target price indicates a potential upside of 20.98% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. StockNews.com upgraded Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research report on Thursday, January 23rd. Benchmark initiated coverage on Knight-Swift Transportation in a report on Tuesday, March 4th. They set a “buy” rating and a $63.00 price objective for the company. Raymond James upped their target price on shares of Knight-Swift Transportation from $62.00 to $66.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. Citigroup raised shares of Knight-Swift Transportation from a “sell” rating to a “neutral” rating and set a $53.00 price target for the company in a report on Monday, March 10th. Finally, The Goldman Sachs Group raised their price objective on shares of Knight-Swift Transportation from $45.00 to $51.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $58.59.

Knight-Swift Transportation Trading Up 0.1 %

Shares of Knight-Swift Transportation stock opened at $44.63 on Wednesday. Knight-Swift Transportation has a 52-week low of $42.72 and a 52-week high of $61.51. The firm has a market capitalization of $7.23 billion, a PE ratio of 61.14 and a beta of 0.97. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 1.01. The company’s fifty day moving average price is $51.44 and its two-hundred day moving average price is $53.17.

Knight-Swift Transportation (NYSE:KNX) last posted its earnings results on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. On average, analysts expect that Knight-Swift Transportation will post 2.13 EPS for the current year.

Insiders Place Their Bets

In other Knight-Swift Transportation news, Director Douglas L. Col bought 5,000 shares of Knight-Swift Transportation stock in a transaction dated Thursday, March 13th. The shares were bought at an average price of $45.37 per share, with a total value of $226,850.00. Following the purchase, the director now owns 5,000 shares of the company’s stock, valued at $226,850. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Knight-Swift Transportation

Large investors have recently bought and sold shares of the business. Parkside Financial Bank & Trust grew its holdings in Knight-Swift Transportation by 88.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company’s stock worth $36,000 after acquiring an additional 322 shares during the period. UMB Bank n.a. grew its stake in shares of Knight-Swift Transportation by 84.3% during the fourth quarter. UMB Bank n.a. now owns 809 shares of the transportation company’s stock worth $43,000 after purchasing an additional 370 shares during the period. Quarry LP increased its holdings in Knight-Swift Transportation by 71.1% in the third quarter. Quarry LP now owns 1,201 shares of the transportation company’s stock valued at $65,000 after purchasing an additional 499 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Knight-Swift Transportation by 20.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company’s stock worth $67,000 after buying an additional 213 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Knight-Swift Transportation by 18.5% during the fourth quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company’s stock worth $71,000 after buying an additional 208 shares during the last quarter. 88.77% of the stock is currently owned by institutional investors and hedge funds.

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.