Knight-Swift Transportation (NYSE:KNX) Given New $53.00 Price Target at Raymond James

Knight-Swift Transportation (NYSE:KNXGet Rating) had its target price increased by equities researchers at Raymond James from $50.00 to $53.00 in a note issued to investors on Monday, The Fly reports. Raymond James’ target price indicates a potential upside of 10.81% from the stock’s current price.

A number of other research firms also recently weighed in on KNX. Cowen upped their price target on shares of Knight-Swift Transportation from $54.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday. Susquehanna upgraded shares of Knight-Swift Transportation from a “neutral” rating to a “positive” rating and upped their price objective for the stock from $62.00 to $69.00 in a report on Friday, March 4th. StockNews.com started coverage on shares of Knight-Swift Transportation in a report on Thursday, March 31st. They issued a “hold” rating for the company. Wolfe Research decreased their price target on shares of Knight-Swift Transportation from $55.00 to $48.00 and set an “underperform” rating for the company in a report on Tuesday, April 5th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Knight-Swift Transportation from $54.00 to $52.00 and set an “underweight” rating for the company in a research report on Friday, April 8th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $64.11.

NYSE KNX opened at $47.83 on Monday. The stock has a market capitalization of $7.95 billion, a P/E ratio of 9.72, a P/E/G ratio of 0.62 and a beta of 1.27. Knight-Swift Transportation has a 1 year low of $44.22 and a 1 year high of $62.29. The business’s fifty day moving average is $51.32 and its two-hundred day moving average is $55.09. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.32 and a current ratio of 1.26.

Knight-Swift Transportation (NYSE:KNXGet Rating) last posted its quarterly earnings results on Wednesday, April 20th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.09. The company had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.76 billion. Knight-Swift Transportation had a return on equity of 13.69% and a net margin of 12.45%. The firm’s revenue was up 49.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.83 earnings per share. On average, research analysts forecast that Knight-Swift Transportation will post 5.28 earnings per share for the current year.

In related news, VP Dustin Ohlman sold 2,022 shares of the stock in a transaction that occurred on Wednesday, February 9th. The stock was sold at an average price of $57.16, for a total transaction of $115,577.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Garnreiter sold 2,000 shares of the firm’s stock in a transaction on Friday, February 25th. The stock was sold at an average price of $54.37, for a total value of $108,740.00. The disclosure for this sale can be found here. 27.50% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Trustcore Financial Services LLC lifted its position in Knight-Swift Transportation by 57.6% in the 3rd quarter. Trustcore Financial Services LLC now owns 520 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 190 shares in the last quarter. Exchange Traded Concepts LLC grew its position in shares of Knight-Swift Transportation by 1.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 11,811 shares of the transportation company’s stock valued at $720,000 after purchasing an additional 213 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Knight-Swift Transportation by 3.5% in the 4th quarter. CIBC Asset Management Inc now owns 6,873 shares of the transportation company’s stock valued at $419,000 after acquiring an additional 231 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its holdings in shares of Knight-Swift Transportation by 1.2% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 19,400 shares of the transportation company’s stock valued at $1,182,000 after acquiring an additional 234 shares during the last quarter. Finally, Hotaling Investment Management LLC boosted its position in shares of Knight-Swift Transportation by 0.9% during the fourth quarter. Hotaling Investment Management LLC now owns 26,840 shares of the transportation company’s stock valued at $1,636,000 after buying an additional 241 shares during the period. 85.99% of the stock is owned by institutional investors.

Knight-Swift Transportation Company Profile (Get Rating)

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada. The company operates through four segments: Trucking, Logistics, Less-than-truckload (LTL), and Intermodal. Its trucking services include irregular route, dedicated, refrigerated, flatbed, expedited, dry van, drayage, and cross-border transportation of various products, goods, and materials.

Featured Stories

The Fly logo

Analyst Recommendations for Knight-Swift Transportation (NYSE:KNX)

Receive News & Ratings for Knight-Swift Transportation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knight-Swift Transportation and related companies with MarketBeat.com's FREE daily email newsletter.