Knight-Swift Transportation (NYSE:KNX) Raised to “Buy” at Citigroup

Knight-Swift Transportation (NYSE:KNX) was upgraded by investment analysts at Citigroup from a “neutral” rating to a “buy” rating in a research report issued on Friday, Marketbeat reports. The brokerage currently has a $64.00 price objective on the transportation company’s stock. Citigroup’s target price indicates a potential upside of 23.30% from the stock’s current price.

A number of other research analysts also recently commented on the company. Zacks Research upgraded Knight-Swift Transportation from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 3rd. UBS Group boosted their target price on Knight-Swift Transportation from $51.00 to $54.00 and gave the stock a “neutral” rating in a research note on Thursday, January 22nd. Morgan Stanley upped their price target on Knight-Swift Transportation from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, December 8th. Evercore increased their price target on shares of Knight-Swift Transportation from $47.00 to $61.00 and gave the company an “in-line” rating in a research note on Tuesday, January 13th. Finally, Weiss Ratings cut shares of Knight-Swift Transportation from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.78.

Knight-Swift Transportation Stock Performance

Shares of KNX stock opened at $51.91 on Friday. The company has a market cap of $8.43 billion, a P/E ratio of 126.61, a PEG ratio of 0.77 and a beta of 1.12. The firm has a fifty day moving average price of $58.13 and a 200 day moving average price of $50.05. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.30. Knight-Swift Transportation has a 12 month low of $36.69 and a 12 month high of $64.10.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings results on Wednesday, January 21st. The transportation company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.05). The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.90 billion. Knight-Swift Transportation had a net margin of 0.88% and a return on equity of 2.88%. The firm’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.36 earnings per share. Knight-Swift Transportation has set its Q1 2026 guidance at 0.280-0.320 EPS. Sell-side analysts predict that Knight-Swift Transportation will post 2.13 earnings per share for the current fiscal year.

Insider Transactions at Knight-Swift Transportation

In related news, CFO Joshua Smith sold 5,770 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $60.91, for a total transaction of $351,450.70. Following the transaction, the chief financial officer owned 9,214 shares in the company, valued at $561,224.74. This trade represents a 38.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Michael K. Liu sold 1,243 shares of Knight-Swift Transportation stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $60.87, for a total value of $75,661.41. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 42,930 shares of company stock worth $2,581,186. 3.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Knight-Swift Transportation

Institutional investors have recently modified their holdings of the business. Hussman Strategic Advisors Inc. purchased a new position in Knight-Swift Transportation during the 3rd quarter worth $830,000. Victory Capital Management Inc. raised its holdings in shares of Knight-Swift Transportation by 0.9% in the third quarter. Victory Capital Management Inc. now owns 8,496,137 shares of the transportation company’s stock valued at $335,682,000 after buying an additional 76,342 shares during the last quarter. Deprince Race & Zollo Inc. raised its holdings in shares of Knight-Swift Transportation by 5.8% in the third quarter. Deprince Race & Zollo Inc. now owns 701,856 shares of the transportation company’s stock valued at $27,730,000 after buying an additional 38,474 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Knight-Swift Transportation by 21.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 4,361,230 shares of the transportation company’s stock worth $169,826,000 after buying an additional 765,833 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Knight-Swift Transportation during the third quarter worth about $749,000. 88.77% of the stock is owned by institutional investors and hedge funds.

About Knight-Swift Transportation

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.