Knight-Swift Transportation (NYSE:KNX) Given New $88.00 Price Target at Stifel Nicolaus

Knight-Swift Transportation (NYSE:KNX) had its target price upped by Stifel Nicolaus from $85.00 to $88.00 in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has a buy rating on the transportation company’s stock.

Several other research analysts also recently commented on the company. Citigroup raised Knight-Swift Transportation from a “neutral” rating to a “buy” rating and set a $90.00 target price for the company in a research note on Thursday, July 9th. Benchmark raised their price target on shares of Knight-Swift Transportation from $75.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. JPMorgan Chase & Co. lifted their price target on shares of Knight-Swift Transportation from $70.00 to $77.00 and gave the company a “neutral” rating in a report on Friday, July 10th. Evercore upgraded shares of Knight-Swift Transportation from an “in-line” rating to an “outperform” rating and set a $65.00 price objective for the company in a research report on Friday, March 27th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Knight-Swift Transportation in a research note on Monday, July 13th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Knight-Swift Transportation presently has a consensus rating of “Buy” and an average target price of $84.44.

Knight-Swift Transportation Trading Down 5.2%

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

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

Knight-Swift Transportation Announces Dividend

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

Institutional Investors Weigh In On Knight-Swift Transportation

A number of institutional investors have recently modified their holdings of the company. Wellington Management Group LLP increased its position in shares of Knight-Swift Transportation by 23.6% during the fourth quarter. Wellington Management Group LLP now owns 12,918,523 shares of the transportation company’s stock worth $675,380,000 after buying an additional 2,468,293 shares during the period. Dimensional Fund Advisors LP boosted its position in Knight-Swift Transportation by 0.7% during 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 acquiring an additional 60,750 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Knight-Swift Transportation by 7.2% during 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 acquiring an additional 315,192 shares during the last quarter. Ensign Peak Advisors Inc grew its holdings in Knight-Swift Transportation by 50.4% during the 4th quarter. Ensign Peak Advisors Inc now owns 2,939,212 shares of the transportation company’s stock worth $153,662,000 after acquiring an additional 984,422 shares during the period. Finally, UBS Group AG grew its holdings in Knight-Swift Transportation by 44.3% during the 4th quarter. UBS Group AG now owns 2,430,896 shares of the transportation company’s stock worth $127,087,000 after acquiring an additional 745,787 shares during the period. 88.77% of the stock is owned by institutional investors.

More Knight-Swift Transportation News

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

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.