Knight-Swift Transportation (NYSE:KNX) Price Target Raised to $86.00 at TD Cowen

Knight-Swift Transportation (NYSE:KNX) had its target price raised by TD Cowen from $82.00 to $86.00 in a research report sent to investors on Thursday, Marketbeat.com reports. TD Cowen currently has a buy rating on the transportation company’s stock.

Other equities research analysts also recently issued reports about the company. Stephens raised Knight-Swift Transportation to a “strong-buy” rating in a report on Wednesday, July 8th. Evercore upgraded Knight-Swift Transportation from an “in-line” rating to an “outperform” rating and set a $65.00 price objective on the stock in a report on Friday, March 27th. Citigroup raised shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and set a $90.00 price objective for the company in a research note on Thursday, July 9th. UBS Group raised their target price on shares of Knight-Swift Transportation from $79.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Finally, Benchmark lifted their target price on shares of Knight-Swift Transportation from $75.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Knight-Swift Transportation presently has a consensus rating of “Buy” and an average target price of $84.44.

Knight-Swift Transportation Price Performance

NYSE KNX opened at $72.05 on Thursday. Knight-Swift Transportation has a 1 year low of $38.63 and a 1 year high of $82.86. The business’s fifty day moving average is $75.53 and its two-hundred day moving average is $64.92. The stock has a market capitalization of $11.71 billion, a P/E ratio of 277.13, a P/E/G ratio of 0.85 and a beta of 1.18. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.70 and a current ratio of 0.70.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.12. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.05 billion. Knight-Swift Transportation had a return on equity of 3.50% and a net margin of 0.56%.The company’s revenue was up 12.6% compared to the same quarter last year. During the same period last year, the company posted $0.21 EPS. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. On average, research analysts forecast that Knight-Swift Transportation will post 2.21 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Monday, June 8th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Monday, June 8th. Knight-Swift Transportation’s payout ratio is currently 380.95%.

Institutional Investors Weigh In On Knight-Swift Transportation

A number of hedge funds have recently made changes to their positions in KNX. Wellington Management Group LLP boosted its stake in Knight-Swift Transportation by 23.6% during the 4th quarter. Wellington Management Group LLP now owns 12,918,523 shares of the transportation company’s stock worth $675,380,000 after acquiring an additional 2,468,293 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Knight-Swift Transportation by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 8,458,088 shares of the transportation company’s stock valued at $486,995,000 after purchasing an additional 60,750 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Knight-Swift Transportation by 7.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,676,422 shares of the transportation company’s stock valued at $244,250,000 after purchasing an additional 315,192 shares in the last quarter. Ensign Peak Advisors Inc raised its holdings in Knight-Swift Transportation by 50.4% in the fourth quarter. Ensign Peak Advisors Inc now owns 2,939,212 shares of the transportation company’s stock worth $153,662,000 after purchasing an additional 984,422 shares during the period. Finally, UBS Group AG raised its holdings in Knight-Swift Transportation by 44.3% in the fourth quarter. UBS Group AG now owns 2,430,896 shares of the transportation company’s stock worth $127,087,000 after purchasing an additional 745,787 shares during the period. Institutional investors and hedge funds own 88.77% of the company’s stock.

Trending Headlines about Knight-Swift Transportation

Here are the key news stories impacting Knight-Swift Transportation this week:

• Positive Sentiment: Knight-Swift beat second-quarter expectations, reporting EPS of $0.63 versus consensus around $0.49-$0.51 and revenue of $2.10 billion versus estimates near $2.05 billion, with revenue up 12.6% year over year. Earnings report and transcript
• Positive Sentiment: The company also issued third-quarter EPS guidance of $0.71 to $0.77, above the Street’s estimate of about $0.67, which suggests management sees continued momentum. Quarterly results announcement
• Positive Sentiment: Several Wall Street firms lifted price targets after the results, including Bank of America to $98, Stifel to $88, Susquehanna to $96, TD Cowen to $86, and JPMorgan to $84, reflecting improved sentiment around the stock. Analyst target updates
• Neutral Sentiment: JPMorgan kept a neutral rating despite raising its target, while the other firms maintained more constructive views such as buy or positive. JPMorgan update

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.