Knight-Swift Transportation Holdings Inc (NYSE:KNX) Receives $44.70 Consensus Target Price from Brokerages

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Shares of Knight-Swift Transportation Holdings Inc (NYSE:KNX) have been given a consensus recommendation of “Buy” by the fifteen brokerages that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $43.20.

A number of equities research analysts have recently commented on KNX shares. ValuEngine raised Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research report on Sunday, June 30th. Morgan Stanley set a $36.00 price target on ArcBest and gave the stock a “hold” rating in a research report on Monday, July 8th. Citigroup dropped their price target on Cimarex Energy from $98.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Stephens set a $112.00 price target on Genesee & Wyoming and gave the stock a “hold” rating in a research report on Monday, July 1st.

Shares of NYSE KNX traded up $1.17 during mid-day trading on Friday, reaching $36.98. 3,164,223 shares of the company’s stock were exchanged, compared to its average volume of 2,089,108. The stock has a market capitalization of $6.40 billion, a price-to-earnings ratio of 14.45, a price-to-earnings-growth ratio of 0.96 and a beta of 1.99. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.07 and a quick ratio of 1.07. The firm’s fifty day moving average is $31.96. Knight-Swift Transportation has a twelve month low of $23.27 and a twelve month high of $39.12.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.55 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.03. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.31 billion. Knight-Swift Transportation had a return on equity of 8.69% and a net margin of 8.28%. Knight-Swift Transportation’s revenue was down 5.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.44 earnings per share. As a group, research analysts predict that Knight-Swift Transportation will post 2.48 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Monday, June 3rd were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend was Friday, May 31st. Knight-Swift Transportation’s dividend payout ratio is presently 9.38%.

A number of institutional investors have recently made changes to their positions in the stock. Crossmark Global Holdings Inc. raised its position in Knight-Swift Transportation by 2.3% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 15,558 shares of the transportation company’s stock valued at $511,000 after buying an additional 345 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in Knight-Swift Transportation by 0.7% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 54,600 shares of the transportation company’s stock valued at $1,793,000 after acquiring an additional 400 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Knight-Swift Transportation by 0.4% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 95,743 shares of the transportation company’s stock valued at $3,129,000 after acquiring an additional 408 shares in the last quarter. Mason Street Advisors LLC raised its holdings in Knight-Swift Transportation by 0.6% in the 1st quarter. Mason Street Advisors LLC now owns 66,241 shares of the transportation company’s stock valued at $2,165,000 after acquiring an additional 415 shares in the last quarter. Finally, Campbell Newman Asset Management Inc. raised its holdings in Knight-Swift Transportation by 2.4% in the 1st quarter. Campbell Newman Asset Management Inc. now owns 19,167 shares of the transportation company’s stock valued at $626,000 after acquiring an additional 457 shares in the last quarter. 83.02% of the stock is currently owned by institutional investors and hedge funds.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada. The company operates through six segments: Knight Trucking, Knight Logistics, Swift Truckload, Swift Dedicated, Swift Refrigerated, and Swift Intermodal.

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Analyst Recommendations for Knight-Swift Transportation (NYSE:KNX)

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