Knight-Swift Transportation (NYSE:KNX) Price Target Cut to $41.00 by Analysts at Bank of America

Knight-Swift Transportation (NYSE:KNX) had its price target trimmed by Bank of America from $49.00 to $41.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

Other analysts have also issued reports about the stock. Barclays cut their price target on shares of Knight-Swift Transportation from $58.00 to $55.00 and set an “overweight” rating for the company in a research report on Thursday, July 10th. Raymond James Financial increased their target price on Knight-Swift Transportation from $50.00 to $55.00 and gave the company a “strong-buy” rating in a report on Tuesday, July 15th. JPMorgan Chase & Co. lifted their price target on Knight-Swift Transportation from $45.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. The Goldman Sachs Group upgraded Knight-Swift Transportation from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $45.00 to $65.00 in a research report on Monday, June 2nd. Finally, Wells Fargo & Company raised their target price on shares of Knight-Swift Transportation from $46.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.13.

Knight-Swift Transportation Stock Performance

Shares of NYSE KNX opened at $39.16 on Wednesday. Knight-Swift Transportation has a 1-year low of $36.69 and a 1-year high of $61.51. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.30. The stock’s 50-day moving average is $42.88 and its 200 day moving average is $43.27. The stock has a market cap of $6.36 billion, a price-to-earnings ratio of 38.39, a P/E/G ratio of 0.59 and a beta of 1.19.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. Knight-Swift Transportation had a net margin of 2.22% and a return on equity of 3.03%. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the business posted $0.24 EPS. The business’s quarterly revenue was up .8% on a year-over-year basis. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. On average, sell-side analysts anticipate that Knight-Swift Transportation will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 22nd. Investors of record on Friday, September 5th were issued a $0.18 dividend. The ex-dividend date was Friday, September 5th. This represents a $0.72 annualized dividend and a yield of 1.8%. Knight-Swift Transportation’s payout ratio is 70.59%.

Insider Buying and Selling

In other news, EVP Michael K. Liu sold 3,420 shares of Knight-Swift Transportation stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $43.41, for a total transaction of $148,462.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.00% of the company’s stock.

Institutional Trading of Knight-Swift Transportation

A number of hedge funds have recently bought and sold shares of the company. Larson Financial Group LLC boosted its position in Knight-Swift Transportation by 9,383.3% in the first quarter. Larson Financial Group LLC now owns 569 shares of the transportation company’s stock worth $25,000 after purchasing an additional 563 shares during the last quarter. Brooklyn Investment Group lifted its stake in shares of Knight-Swift Transportation by 93.4% in the 1st quarter. Brooklyn Investment Group now owns 642 shares of the transportation company’s stock worth $28,000 after purchasing an additional 310 shares during the period. UMB Bank n.a. lifted its holdings in shares of Knight-Swift Transportation by 40.0% in the first quarter. UMB Bank n.a. now owns 1,133 shares of the transportation company’s stock worth $49,000 after buying an additional 324 shares in the last quarter. Oliver Lagore Vanvalin Investment Group bought a new position in shares of Knight-Swift Transportation during the second quarter worth $55,000. Finally, Employees Retirement System of Texas purchased a new position in Knight-Swift Transportation during the second quarter valued at $58,000. Hedge funds and other institutional investors 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.