Knight-Swift Transportation (NYSE:KNX) Given New $96.00 Price Target at Susquehanna

Knight-Swift Transportation (NYSE:KNX) had its target price hoisted by Susquehanna from $90.00 to $96.00 in a research report report published on Thursday,Benzinga reports. They currently have a positive rating on the transportation company’s stock.

Other analysts have also issued reports about the stock. Wells Fargo & Company increased their target price on shares of Knight-Swift Transportation from $65.00 to $86.00 and gave the company an “overweight” rating in a research note on Friday, June 5th. Robert W. Baird lifted their price target on shares of Knight-Swift Transportation from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Stifel Nicolaus upped their price target on Knight-Swift Transportation from $70.00 to $85.00 and gave the company a “buy” rating in a report on Monday, July 13th. The Goldman Sachs Group upped their price target on Knight-Swift Transportation from $65.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Finally, Raymond James Financial increased their price objective on Knight-Swift Transportation from $76.00 to $91.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $84.44.

Knight-Swift Transportation Price Performance

Shares of Knight-Swift Transportation stock opened at $72.05 on Thursday. Knight-Swift Transportation has a 52 week low of $38.63 and a 52 week high of $82.86. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.26. The stock has a market cap of $11.71 billion, a PE ratio of 277.13, a price-to-earnings-growth ratio of 0.85 and a beta of 1.18. The company’s 50-day moving average price is $75.53 and its two-hundred day moving average price is $64.92.

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

Knight-Swift Transportation Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC boosted its stake in Knight-Swift Transportation by 23.3% in the 1st quarter. Integrated Wealth Concepts LLC now owns 5,948 shares of the transportation company’s stock worth $259,000 after purchasing an additional 1,124 shares during the period. Focus Partners Wealth acquired a new stake in Knight-Swift Transportation during the 1st quarter valued at $451,000. Cetera Investment Advisers raised its stake in Knight-Swift Transportation by 6.9% during the 2nd quarter. Cetera Investment Advisers now owns 13,724 shares of the transportation company’s stock valued at $607,000 after purchasing an additional 882 shares during the period. Invesco Ltd. raised its stake in Knight-Swift Transportation by 57.7% during the 2nd quarter. Invesco Ltd. now owns 1,087,719 shares of the transportation company’s stock valued at $48,110,000 after purchasing an additional 398,116 shares during the period. Finally, First Trust Advisors LP lifted its holdings in shares of Knight-Swift Transportation by 54.3% in the second quarter. First Trust Advisors LP now owns 491,702 shares of the transportation company’s stock valued at $21,748,000 after purchasing an additional 172,956 shares in the last quarter. 88.77% of the stock is owned by hedge funds and other institutional investors.

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.