Knight-Swift Transportation (NYSE:KNX) Price Target Cut to $48.00 by Analysts at Wells Fargo & Company

Knight-Swift Transportation (NYSE:KNX) had its price target lowered by Wells Fargo & Company from $50.00 to $48.00 in a report issued on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the transportation company’s stock.

KNX has been the subject of a number of other research reports. Citigroup lifted their target price on shares of Knight-Swift Transportation from $53.00 to $54.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Stifel Nicolaus raised shares of Knight-Swift Transportation from a “hold” rating to a “buy” rating and cut their price target for the company from $47.00 to $45.00 in a research report on Friday. JPMorgan Chase & Co. lifted their price objective on Knight-Swift Transportation from $45.00 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Barclays dropped their price objective on Knight-Swift Transportation from $55.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, October 2nd. Finally, Raymond James Financial raised their target price on Knight-Swift Transportation from $50.00 to $55.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Knight-Swift Transportation currently has a consensus rating of “Moderate Buy” and an average target price of $52.18.

Knight-Swift Transportation Price Performance

Knight-Swift Transportation stock opened at $43.23 on Monday. The stock’s 50 day moving average is $42.11 and its 200 day moving average is $42.92. Knight-Swift Transportation has a one year low of $36.69 and a one year high of $61.51. The firm has a market cap of $7.02 billion, a P/E ratio of 42.38, a P/E/G ratio of 0.70 and a beta of 1.14. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.89 and a quick ratio of 0.89.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.87 billion. Knight-Swift Transportation had a net margin of 2.22% and a return on equity of 3.03%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.24 EPS. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. As a group, research analysts expect that Knight-Swift Transportation will post 2.13 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 22nd. Stockholders of record on Friday, September 5th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Friday, September 5th. Knight-Swift Transportation’s dividend payout ratio (DPR) is currently 70.59%.

Insider Transactions at Knight-Swift Transportation

In other news, EVP Michael K. Liu sold 3,420 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $43.41, for a total value of $148,462.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Knight-Swift Transportation

Several large investors have recently made changes to their positions in KNX. Cerity Partners LLC increased its stake in shares of Knight-Swift Transportation by 611.7% during the 1st quarter. Cerity Partners LLC now owns 34,074 shares of the transportation company’s stock worth $1,482,000 after purchasing an additional 29,286 shares during the last quarter. Aviance Capital Partners LLC grew its holdings in Knight-Swift Transportation by 6.3% during the first quarter. Aviance Capital Partners LLC now owns 110,932 shares of the transportation company’s stock valued at $4,824,000 after purchasing an additional 6,592 shares during the period. Washington Capital Management Inc. purchased a new stake in Knight-Swift Transportation in the second quarter worth $464,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Knight-Swift Transportation by 668.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 34,743 shares of the transportation company’s stock valued at $1,511,000 after buying an additional 30,219 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in shares of Knight-Swift Transportation by 533.9% in the first quarter. Assenagon Asset Management S.A. now owns 33,614 shares of the transportation company’s stock valued at $1,462,000 after buying an additional 28,311 shares during the period. 88.77% of the stock is owned by hedge funds and other institutional investors.

About Knight-Swift Transportation

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.