StockNews.com Begins Coverage on Knight-Swift Transportation (NYSE:KNX)

Stock analysts at StockNews.com started coverage on shares of Knight-Swift Transportation (NYSE:KNX – Get Rating) in a report issued on Thursday. The brokerage set a “hold” rating on the transportation company’s stock.

KNX has been the subject of a number of other research reports. Morgan Stanley increased their price target on shares of Knight-Swift Transportation from $85.00 to $88.00 and gave the company an “overweight” rating in a report on Wednesday, January 11th. KeyCorp raised their target price on shares of Knight-Swift Transportation from $60.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, January 27th. JPMorgan Chase & Co. dropped their target price on shares of Knight-Swift Transportation from $51.00 to $50.00 and set an “underweight” rating for the company in a report on Friday, January 27th. Stifel Nicolaus raised their target price on shares of Knight-Swift Transportation from $62.00 to $69.00 and gave the company a “buy” rating in a report on Thursday, January 19th. Finally, Stephens raised their target price on shares of Knight-Swift Transportation from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, January 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Knight-Swift Transportation currently has an average rating of “Moderate Buy” and a consensus target price of $63.65.

Knight-Swift Transportation Stock Up 0.7 %

Shares of Knight-Swift Transportation stock opened at $53.40 on Thursday. The company has a market cap of $8.59 billion, a P/E ratio of 11.29, a PEG ratio of 0.88 and a beta of 1.17. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.67 and a current ratio of 1.67. Knight-Swift Transportation has a one year low of $42.50 and a one year high of $64.35. The firm has a fifty day moving average of $57.82 and a two-hundred day moving average of $53.53.

Knight-Swift Transportation (NYSE:KNX – Get Rating) last announced its quarterly earnings results on Thursday, January 26th. The transportation company reported $1.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.13). The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Knight-Swift Transportation had a net margin of 10.38% and a return on equity of 12.17%. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.61 EPS. On average, analysts forecast that Knight-Swift Transportation will post 4.04 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Kistler Tiffany Companies LLC acquired a new position in Knight-Swift Transportation during the third quarter valued at approximately $26,000. Ronald Blue Trust Inc. raised its stake in shares of Knight-Swift Transportation by 267.9% during the third quarter. Ronald Blue Trust Inc. now owns 574 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 418 shares during the period. Fifth Third Bancorp raised its stake in shares of Knight-Swift Transportation by 42.4% during the fourth quarter. Fifth Third Bancorp now owns 594 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 177 shares during the period. Brown Brothers Harriman & Co. raised its stake in shares of Knight-Swift Transportation by 543.2% during the first quarter. Brown Brothers Harriman & Co. now owns 939 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 793 shares during the period. Finally, Eagle Bay Advisors LLC raised its stake in shares of Knight-Swift Transportation by 87.2% during the second quarter. Eagle Bay Advisors LLC now owns 979 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 456 shares during the period. 89.95% of the stock is owned by institutional investors and hedge funds.

Knight-Swift Transportation Company Profile

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Knight-Swift Transportation Holdings, Inc engages in the provision of multiple truckload transportation and logistics services. It operates through the following business segments: Trucking, Logistics, and Intermodal. The Trucking segment comprises irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.