Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Receives $59.38 Consensus Target Price from Analysts

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) has been given an average recommendation of “Moderate Buy” by the seventeen ratings firms that are presently covering the firm, Marketbeat reports. One analyst has 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. The average 1 year target price among analysts that have covered the stock in the last year is $59.38.

Several research firms recently commented on KNX. Citigroup lowered Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 target price for the company. in a research note on Tuesday, November 12th. Raymond James upped their price objective on shares of Knight-Swift Transportation from $62.00 to $66.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 23rd. Susquehanna raised shares of Knight-Swift Transportation from a “neutral” rating to a “positive” rating and raised their target price for the stock from $48.00 to $67.00 in a research report on Friday, January 3rd. Barclays boosted their target price on shares of Knight-Swift Transportation from $62.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Finally, TD Cowen increased their price target on shares of Knight-Swift Transportation from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd.

Hedge Funds Weigh In On Knight-Swift Transportation

Hedge funds have recently made changes to their positions in the business. Toronto Dominion Bank boosted its holdings in Knight-Swift Transportation by 3.7% during the fourth quarter. Toronto Dominion Bank now owns 21,143 shares of the transportation company’s stock worth $1,121,000 after buying an additional 759 shares in the last quarter. Castleark Management LLC acquired a new stake in shares of Knight-Swift Transportation during the 4th quarter valued at $247,000. WS Management Lllp boosted its stake in shares of Knight-Swift Transportation by 1.5% during the 4th quarter. WS Management Lllp now owns 203,073 shares of the transportation company’s stock worth $10,771,000 after acquiring an additional 3,073 shares in the last quarter. Tidal Investments LLC acquired a new position in shares of Knight-Swift Transportation in the 4th quarter worth $534,000. Finally, Seven Six Capital Management LLC acquired a new stake in shares of Knight-Swift Transportation during the fourth quarter worth $4,105,000. Institutional investors and hedge funds own 88.77% of the company’s stock.

Knight-Swift Transportation Price Performance

Shares of NYSE KNX opened at $48.99 on Friday. The company has a current ratio of 0.85, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. The company’s 50-day moving average price is $54.32 and its 200 day moving average price is $54.01. Knight-Swift Transportation has a 52 week low of $45.55 and a 52 week high of $61.51. The stock has a market cap of $7.93 billion, a price-to-earnings ratio of 67.10 and a beta of 0.99.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. As a group, research analysts forecast that Knight-Swift Transportation will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Friday, March 7th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.47%. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.16. The ex-dividend date is Friday, March 7th. Knight-Swift Transportation’s dividend payout ratio is presently 98.63%.

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.