Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Get Free Report) has earned an average rating of “Moderate Buy” from the fifteen brokerages that are presently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $56.00.
Several equities analysts have recently issued reports on KNX shares. JPMorgan Chase & Co. reduced their target price on Knight-Swift Transportation from $55.00 to $51.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. UBS Group reduced their price target on shares of Knight-Swift Transportation from $59.00 to $58.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Evercore ISI lowered their price objective on shares of Knight-Swift Transportation from $55.00 to $53.00 and set an “in-line” rating for the company in a report on Tuesday, June 25th. Wells Fargo & Company assumed coverage on Knight-Swift Transportation in a research report on Friday, June 7th. They set an “overweight” rating and a $56.00 price objective on the stock. Finally, Raymond James assumed coverage on Knight-Swift Transportation in a research report on Wednesday, May 15th. They issued a “strong-buy” rating and a $58.00 target price for the company.
View Our Latest Stock Analysis on Knight-Swift Transportation
Institutional Trading of Knight-Swift Transportation
Knight-Swift Transportation Price Performance
KNX opened at $51.16 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $8.27 billion, a P/E ratio of 76.36, a PEG ratio of 1.31 and a beta of 0.94. The stock has a 50-day moving average price of $48.66 and a 200-day moving average price of $52.40. Knight-Swift Transportation has a 12-month low of $45.55 and a 12-month high of $60.99.
Knight-Swift Transportation (NYSE:KNX – Get Free Report) last issued its earnings results on Wednesday, April 24th. The transportation company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.07). Knight-Swift Transportation had a return on equity of 2.54% and a net margin of 1.50%. The business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the previous year, the business earned $0.73 EPS. Knight-Swift Transportation’s revenue for the quarter was up 10.0% compared to the same quarter last year. Equities analysts predict that Knight-Swift Transportation will post 1.23 earnings per share for the current fiscal year.
Knight-Swift Transportation Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 10th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, June 10th. This represents a $0.64 annualized dividend and a dividend yield of 1.25%. Knight-Swift Transportation’s payout ratio is presently 95.52%.
About Knight-Swift Transportation
Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides freight transportation services in the United States and Mexico. The company operates through four segments: Truckload, Less-than-truckload (LTL), Logistics, and Intermodal. The Truckload segment provides transportation services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.
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