Knight-Swift Transportation (NYSE:KNX) Upgraded to “Sell” by StockNews.com

Knight-Swift Transportation (NYSE:KNX) was upgraded by equities researchers at StockNews.com to a “sell” rating in a research note issued to investors on Thursday.

A number of other research firms have also recently issued reports on KNX. Wolfe Research cut Knight-Swift Transportation from an “outperform” rating to a “peer perform” rating in a research report on Thursday. TD Cowen reduced their price target 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. Wells Fargo & Company started coverage on Knight-Swift Transportation in a research report on Friday, June 7th. They issued an “overweight” rating and a $56.00 price target for the company. JPMorgan Chase & Co. reduced their price target on Knight-Swift Transportation from $55.00 to $51.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, Stephens reduced their price target on Knight-Swift Transportation from $65.00 to $60.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $56.00.

Knight-Swift Transportation Price Performance

KNX opened at $49.86 on Thursday. The stock has a market cap of $8.06 billion, a price-to-earnings ratio of 74.42, a PEG ratio of 1.27 and a beta of 0.94. Knight-Swift Transportation has a 1 year low of $45.55 and a 1 year high of $60.99. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.25. The stock has a fifty day moving average price of $48.47 and a 200 day moving average price of $52.59.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings data 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). The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.82 billion. Knight-Swift Transportation had a net margin of 1.50% and a return on equity of 2.54%. Knight-Swift Transportation’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.73 EPS. Analysts forecast that Knight-Swift Transportation will post 1.23 EPS for the current fiscal year.

Hedge Funds Weigh In On Knight-Swift Transportation

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rise Advisors LLC bought a new position in Knight-Swift Transportation during the first quarter valued at about $25,000. GAMMA Investing LLC increased its stake in 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 acquiring an additional 253 shares during the period. Versant Capital Management Inc increased its stake in Knight-Swift Transportation by 3,461.9% during the second quarter. Versant Capital Management Inc now owns 748 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 727 shares during the period. Massmutual Trust Co. FSB ADV increased its stake in 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 acquiring an additional 385 shares during the period. Finally, Blue Trust Inc. increased its stake in Knight-Swift Transportation by 80.3% during the fourth quarter. Blue Trust Inc. now owns 732 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 326 shares during the period. 88.77% of the stock is currently owned by 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.