Knight-Swift Transportation (NYSE:KNX) Given New $84.00 Price Target at JPMorgan Chase & Co.

Knight-Swift Transportation (NYSE:KNX) had its price objective lifted by JPMorgan Chase & Co. from $77.00 to $84.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the transportation company’s stock.

KNX has been the subject of several other reports. UBS Group lifted their price objective on shares of Knight-Swift Transportation from $79.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. Susquehanna increased their target price on shares of Knight-Swift Transportation from $90.00 to $96.00 and gave the company a “positive” rating in a research note on Thursday. Robert W. Baird raised their target price on shares of Knight-Swift Transportation from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Barclays raised their target price on shares of Knight-Swift Transportation from $75.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. Finally, The Goldman Sachs Group lifted their price target on shares of Knight-Swift Transportation from $65.00 to $86.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Three 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. According to MarketBeat, Knight-Swift Transportation currently has a consensus rating of “Buy” and an average price target of $84.44.

Knight-Swift Transportation Price Performance

NYSE:KNX opened at $72.05 on Thursday. The firm has a market capitalization of $11.71 billion, a price-to-earnings ratio of 277.13, a PEG ratio of 0.85 and a beta of 1.18. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.70 and a quick ratio of 0.70. The business has a 50 day simple moving average of $75.53 and a 200-day simple moving average of $64.92. Knight-Swift Transportation has a 1 year low of $38.63 and a 1 year high of $82.86.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results 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 firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. Equities analysts forecast that Knight-Swift Transportation will post 2.21 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

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

Institutional Trading of Knight-Swift Transportation

Institutional investors and hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP lifted 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 purchasing an additional 2,468,293 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of 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 worth $486,995,000 after purchasing an additional 60,750 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of 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 worth $244,250,000 after purchasing an additional 315,192 shares during the last quarter. Ensign Peak Advisors Inc increased its stake in Knight-Swift Transportation by 50.4% in the 4th quarter. Ensign Peak Advisors Inc now owns 2,939,212 shares of the transportation company’s stock worth $153,662,000 after buying an additional 984,422 shares during the period. Finally, UBS Group AG increased its stake in Knight-Swift Transportation by 44.3% in the 4th quarter. UBS Group AG now owns 2,430,896 shares of the transportation company’s stock worth $127,087,000 after buying an additional 745,787 shares during the period. 88.77% of the stock is currently owned by institutional investors.

Key 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

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.