Knight-Swift Transportation (NYSE:KNX) Stock Rating Upgraded by Susquehanna

Knight-Swift Transportation (NYSE:KNX) was upgraded by Susquehanna from a “neutral” rating to a “positive” rating in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. The brokerage presently has a $67.00 price objective on the transportation company’s stock, up from their prior price objective of $48.00. Susquehanna’s price target would suggest a potential upside of 22.89% from the company’s previous close.

Several other equities research analysts have also issued reports on the company. Bank of America dropped their price objective on Knight-Swift Transportation from $64.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, December 17th. Barclays lifted their price target on Knight-Swift Transportation from $62.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Evercore ISI upped their price objective on shares of Knight-Swift Transportation from $49.00 to $52.00 and gave the stock an “in-line” rating in a research report on Thursday, October 24th. Raymond James lifted their target price on shares of Knight-Swift Transportation from $57.00 to $58.00 and gave the company a “strong-buy” rating in a research report on Monday, October 14th. Finally, Stifel Nicolaus increased their price target on shares of Knight-Swift Transportation from $47.00 to $48.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $58.19.

Knight-Swift Transportation Stock Up 3.4 %

KNX stock opened at $54.52 on Friday. Knight-Swift Transportation has a twelve month low of $45.55 and a twelve month high of $60.99. The firm has a market capitalization of $8.83 billion, a PE ratio of 237.05, a PEG ratio of 1.89 and a beta of 0.98. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.31. The stock has a 50-day simple moving average of $55.45 and a two-hundred day simple moving average of $52.81.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. Knight-Swift Transportation had a net margin of 0.50% and a return on equity of 1.81%. The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter in the previous year, the company earned $0.41 earnings per share. Knight-Swift Transportation’s revenue for the quarter was down 7.1% on a year-over-year basis. On average, equities analysts predict that Knight-Swift Transportation will post 1.05 EPS for the current fiscal year.

Insider Transactions at Knight-Swift Transportation

In other news, Director Ploeg David Vander sold 500 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $57.10, for a total transaction of $28,550.00. Following the completion of the sale, the director now directly owns 30,729 shares in the company, valued at approximately $1,754,625.90. This represents a 1.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Kevin P. Knight sold 29,779 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $57.19, for a total value of $1,703,061.01. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

Institutional Trading of Knight-Swift Transportation

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KNX. Deseret Mutual Benefit Administrators raised its holdings in Knight-Swift Transportation by 87.2% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 747 shares of the transportation company’s stock worth $40,000 after purchasing an additional 348 shares in the last quarter. Brown Brothers Harriman & Co. increased its position in shares of Knight-Swift Transportation by 28.6% during the second quarter. Brown Brothers Harriman & Co. now owns 900 shares of the transportation company’s stock valued at $45,000 after buying an additional 200 shares during the period. GAMMA Investing LLC raised its stake in Knight-Swift Transportation by 36.6% in the third quarter. GAMMA Investing LLC now owns 1,127 shares of the transportation company’s stock worth $61,000 after buying an additional 302 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in Knight-Swift Transportation by 34.2% in the third quarter. Venturi Wealth Management LLC now owns 1,145 shares of the transportation company’s stock worth $62,000 after buying an additional 292 shares during the period. Finally, Quarry LP boosted its position in Knight-Swift Transportation by 71.1% during the 3rd quarter. Quarry LP now owns 1,201 shares of the transportation company’s stock valued at $65,000 after acquiring an additional 499 shares in the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.

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.