Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNXGet Rating) have been given an average rating of “Moderate Buy” by the seventeen brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $60.47.

Several analysts have recently weighed in on the company. Evercore ISI reduced their target price on Knight-Swift Transportation from $59.00 to $57.00 and set an “outperform” rating for the company in a report on Thursday, October 20th. KeyCorp reduced their price objective on Knight-Swift Transportation from $70.00 to $60.00 and set an “overweight” rating for the company in a research note on Thursday, October 20th. Citigroup reduced their price objective on Knight-Swift Transportation from $52.00 to $50.00 and set a “neutral” rating for the company in a research note on Thursday, October 20th. Susquehanna Bancshares reduced their price objective on Knight-Swift Transportation from $64.00 to $63.00 and set a “positive” rating for the company in a research note on Thursday, October 20th. Finally, Raymond James reduced their price objective on Knight-Swift Transportation from $55.00 to $53.00 and set an “outperform” rating for the company in a research note on Thursday, October 20th.

Institutional Investors Weigh In On Knight-Swift Transportation

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KNX. Intech Investment Management LLC grew its position in Knight-Swift Transportation by 2.5% during the 3rd quarter. Intech Investment Management LLC now owns 8,243 shares of the transportation company’s stock worth $403,000 after purchasing an additional 199 shares in the last quarter. Great Valley Advisor Group Inc. lifted its stake in shares of Knight-Swift Transportation by 1.9% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 11,847 shares of the transportation company’s stock valued at $580,000 after purchasing an additional 216 shares during the last quarter. Nicollet Investment Management Inc. lifted its stake in shares of Knight-Swift Transportation by 1.3% in the 2nd quarter. Nicollet Investment Management Inc. now owns 17,789 shares of the transportation company’s stock valued at $823,000 after purchasing an additional 236 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Knight-Swift Transportation by 2.4% in the 2nd quarter. Exchange Traded Concepts LLC now owns 10,799 shares of the transportation company’s stock valued at $500,000 after purchasing an additional 248 shares during the last quarter. Finally, Barber Financial Group Inc. lifted its stake in shares of Knight-Swift Transportation by 1.9% in the 3rd quarter. Barber Financial Group Inc. now owns 13,660 shares of the transportation company’s stock valued at $668,000 after purchasing an additional 250 shares during the last quarter. Institutional investors own 89.64% of the company’s stock.

Knight-Swift Transportation Trading Up 2.3 %

NYSE:KNX opened at $54.73 on Friday. The stock has a 50-day simple moving average of $49.49 and a 200-day simple moving average of $49.65. The stock has a market cap of $8.79 billion, a P/E ratio of 10.27, a P/E/G ratio of 0.69 and a beta of 1.15. Knight-Swift Transportation has a 1 year low of $42.50 and a 1 year high of $62.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.62 and a current ratio of 1.62.

Knight-Swift Transportation (NYSE:KNXGet Rating) last released its quarterly earnings data on Wednesday, October 19th. The transportation company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.05). Knight-Swift Transportation had a return on equity of 13.98% and a net margin of 11.69%. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same period in the prior year, the company posted $1.30 earnings per share. The company’s revenue was up 15.5% compared to the same quarter last year. As a group, analysts anticipate that Knight-Swift Transportation will post 5.19 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 27th. Stockholders of record on Monday, December 5th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, December 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.88%. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 9.01%.

Knight-Swift Transportation Company Profile

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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.

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

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