Knight-Swift Transportation (NYSE:KNX) Price Target Raised to $61.00

Knight-Swift Transportation (NYSE:KNX) had its target price boosted by JPMorgan Chase & Co. from $49.00 to $61.00 in a report released on Monday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the transportation company’s stock.

A number of other research firms have also commented on KNX. TD Cowen raised their price objective on Knight-Swift Transportation from $53.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. Deutsche Bank Aktiengesellschaft upgraded Knight-Swift Transportation from a “hold” rating to a “buy” rating and raised their price target for the stock from $43.00 to $53.00 in a research report on Thursday, October 2nd. Bank of America raised Knight-Swift Transportation from a “neutral” rating to a “buy” rating and boosted their price target for the company from $41.00 to $50.00 in a research note on Thursday, October 16th. Zacks Research upgraded shares of Knight-Swift Transportation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 3rd. Finally, Benchmark restated a “buy” rating on shares of Knight-Swift Transportation in a research report on Friday, October 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Knight-Swift Transportation presently has a consensus rating of “Moderate Buy” and an average price target of $58.65.

Knight-Swift Transportation Price Performance

NYSE:KNX opened at $57.13 on Monday. Knight-Swift Transportation has a 52 week low of $36.69 and a 52 week high of $61.51. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.33 and a current ratio of 1.33. The firm’s 50-day simple moving average is $50.04 and its 200 day simple moving average is $45.88. The firm has a market cap of $9.27 billion, a price-to-earnings ratio of 64.92, a P/E/G ratio of 0.76 and a beta of 1.16.

Knight-Swift Transportation (NYSE:KNX) last announced its earnings results on Wednesday, October 22nd. The transportation company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.06). Knight-Swift Transportation had a return on equity of 2.98% and a net margin of 1.90%.The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the previous year, the company earned $0.34 EPS. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. Knight-Swift Transportation has set its Q4 2025 guidance at 0.340-0.400 EPS. As a group, sell-side analysts predict that Knight-Swift Transportation will post 2.13 earnings per share for the current year.

Insider Activity at Knight-Swift Transportation

In other Knight-Swift Transportation news, SVP Reed Stultz sold 4,692 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $51.51, for a total value of $241,684.92. Following the sale, the senior vice president owned 465 shares in the company, valued at $23,952.15. This trade represents a 90.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Cary M. Flanagan sold 4,300 shares of the business’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $45.04, for a total transaction of $193,672.00. Following the sale, the chief accounting officer directly owned 5,644 shares in the company, valued at approximately $254,205.76. The trade was a 43.24% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 43,992 shares of company stock valued at $2,220,707. 3.00% of the stock is owned by insiders.

Institutional Trading of Knight-Swift Transportation

A number of hedge funds have recently made changes to their positions in KNX. Integrated Wealth Concepts LLC raised its holdings in Knight-Swift Transportation by 23.3% in the 1st quarter. Integrated Wealth Concepts LLC now owns 5,948 shares of the transportation company’s stock valued at $259,000 after buying an additional 1,124 shares during the last quarter. Focus Partners Wealth bought a new stake in Knight-Swift Transportation during the 1st quarter worth approximately $451,000. Voya Investment Management LLC increased its position in Knight-Swift Transportation by 3.6% in the 1st quarter. Voya Investment Management LLC now owns 21,288 shares of the transportation company’s stock valued at $926,000 after acquiring an additional 738 shares during the period. Parallel Advisors LLC raised its stake in shares of Knight-Swift Transportation by 86.0% during the second quarter. Parallel Advisors LLC now owns 4,430 shares of the transportation company’s stock valued at $196,000 after acquiring an additional 2,048 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC acquired a new position in shares of Knight-Swift Transportation during the second quarter worth $286,000. 88.77% of the stock is owned by institutional investors and hedge funds.

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.