Wells Fargo & Company Issues Positive Forecast for Knight-Swift Transportation (NYSE:KNX) Stock Price

Knight-Swift Transportation (NYSE:KNX) had its target price raised by Wells Fargo & Company from $58.00 to $60.00 in a report released on Tuesday morning,Benzinga reports. They currently have an overweight rating on the transportation company’s stock.

Several other research analysts have also recently weighed in on KNX. Weiss Ratings upgraded shares of Knight-Swift Transportation from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, December 29th. JPMorgan Chase & Co. boosted their target price on Knight-Swift Transportation from $48.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. TD Cowen upped their target price on Knight-Swift Transportation from $53.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, December 9th. Morgan Stanley lifted their price target on Knight-Swift Transportation from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, December 8th. Finally, Evercore ISI cut their price objective on Knight-Swift Transportation from $47.00 to $42.00 and set an “in-line” rating on the stock in a research report on Tuesday, September 30th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.35.

Knight-Swift Transportation Stock Up 1.8%

KNX stock opened at $55.02 on Tuesday. The firm has a market capitalization of $8.93 billion, a PE ratio of 62.53, a P/E/G ratio of 0.71 and a beta of 1.16. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.31. Knight-Swift Transportation has a twelve month low of $36.69 and a twelve month high of $61.51. The stock’s 50 day moving average is $48.56 and its 200-day moving average is $45.37.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings results on Wednesday, October 22nd. The transportation company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.06). Knight-Swift Transportation had a net margin of 1.90% and a return on equity of 2.98%. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same period in the previous year, the company posted $0.34 earnings per share. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. Knight-Swift Transportation has set its Q4 2025 guidance at 0.340-0.400 EPS. Sell-side analysts expect that Knight-Swift Transportation will post 2.13 EPS for the current fiscal year.

Insider Buying and Selling at Knight-Swift Transportation

In other Knight-Swift Transportation news, CAO Cary M. Flanagan sold 4,300 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $45.04, for a total value of $193,672.00. Following the completion of the sale, the chief accounting officer directly owned 5,644 shares of the company’s stock, valued at $254,205.76. This trade represents a 43.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Kevin P. Knight sold 35,000 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $51.01, for a total value of $1,785,350.00. Following the transaction, the chairman directly owned 1,405,347 shares in the company, valued at $71,686,750.47. This represents a 2.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 43,992 shares of company stock valued at $2,220,707. Company insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Knight-Swift Transportation

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its position in shares of Knight-Swift Transportation by 20.4% in the fourth quarter. GAMMA Investing LLC now owns 2,495 shares of the transportation company’s stock valued at $130,000 after purchasing an additional 422 shares during the period. Allworth Financial LP grew its stake in Knight-Swift Transportation by 19.5% in the 3rd quarter. Allworth Financial LP now owns 4,174 shares of the transportation company’s stock valued at $165,000 after buying an additional 681 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in Knight-Swift Transportation by 295.4% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,839 shares of the transportation company’s stock valued at $112,000 after acquiring an additional 2,121 shares during the period. Danske Bank A S bought a new stake in Knight-Swift Transportation during the 3rd quarter valued at $99,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of Knight-Swift Transportation by 1,478.6% during the third quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the transportation company’s stock worth $35,000 after acquiring an additional 828 shares in the last quarter. Institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc (NYSE: KNX) is one of North America’s largest asset-based truckload carriers, offering a wide range of transportation and logistics services. The company was formed in 2017 through the merger of Knight Transportation and Swift Transportation, each with decades of experience in long-haul dry van and refrigerated freight. Since the merger, Knight-Swift has pursued a growth strategy that includes fleet expansions, targeted acquisitions, and investments in technology to enhance service reliability and network efficiency.

The company’s core business activities include full truckload operations for dry van, temperature-controlled and flatbed shipments.