Knight-Swift Transportation (NYSE:KNX) Price Target Increased to $56.00 by Analysts at TD Cowen

Knight-Swift Transportation (NYSE:KNX) had its price target increased by TD Cowen from $55.00 to $56.00 in a research note issued on Thursday, Marketbeat Ratings reports. The firm presently has a “buy” rating on the transportation company’s stock. TD Cowen’s price target would suggest a potential upside of 6.61% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Raymond James boosted their target price on Knight-Swift Transportation from $57.00 to $58.00 and gave the stock a “strong-buy” rating in a research report on Monday, October 14th. UBS Group cut their price objective on Knight-Swift Transportation from $59.00 to $58.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Susquehanna boosted their target price on shares of Knight-Swift Transportation from $45.00 to $48.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. Evercore ISI lowered their price target on shares of Knight-Swift Transportation from $55.00 to $49.00 and set an “in-line” rating on the stock in a research note on Thursday, October 3rd. Finally, Wolfe Research cut shares of Knight-Swift Transportation from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has issued 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 $55.94.

Knight-Swift Transportation Price Performance

Knight-Swift Transportation stock opened at $52.53 on Thursday. The business has a 50 day simple moving average of $52.24 and a 200-day simple moving average of $50.38. Knight-Swift Transportation has a 12 month low of $45.55 and a 12 month high of $60.99. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market capitalization of $8.50 billion, a PE ratio of 128.13, a price-to-earnings-growth ratio of 1.74 and a beta of 0.92.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results on Wednesday, October 23rd. The transportation company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. Knight-Swift Transportation had a net margin of 0.88% and a return on equity of 1.98%. The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter last year, the business earned $0.41 EPS. The business’s revenue was down 7.1% on a year-over-year basis. Equities analysts predict that Knight-Swift Transportation will post 1.06 earnings per share for the current year.

Insider Activity at Knight-Swift Transportation

In other Knight-Swift Transportation news, Chairman Kevin P. Knight sold 45,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $51.53, for a total transaction of $2,318,850.00. Following the sale, the chairman now directly owns 1,422,360 shares of the company’s stock, valued at $73,294,210.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Michael Garnreiter sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $50.57, for a total value of $101,140.00. Following the completion of the transaction, the director now directly owns 17,648 shares in the company, valued at approximately $892,459.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Kevin P. Knight sold 45,000 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $51.53, for a total value of $2,318,850.00. Following the transaction, the chairman now owns 1,422,360 shares in the company, valued at $73,294,210.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 85,196 shares of company stock valued at $4,367,869 over the last quarter. Insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Duality Advisers LP increased its holdings in shares of Knight-Swift Transportation by 1,686.4% during the 1st quarter. Duality Advisers LP now owns 66,098 shares of the transportation company’s stock worth $3,637,000 after buying an additional 62,398 shares during the last quarter. Virtu Financial LLC purchased a new stake in Knight-Swift Transportation during the first quarter valued at about $1,935,000. Wedge Capital Management L L P NC increased its stake in Knight-Swift Transportation by 9.0% during the second quarter. Wedge Capital Management L L P NC now owns 263,033 shares of the transportation company’s stock worth $13,131,000 after acquiring an additional 21,689 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Knight-Swift Transportation by 21.0% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 89,821 shares of the transportation company’s stock worth $4,942,000 after purchasing an additional 15,600 shares during the period. Finally, Swedbank AB acquired a new position in shares of Knight-Swift Transportation in the 1st quarter valued at about $3,162,000. 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.