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

Knight-Swift Transportation (NYSE:KNX) was upgraded by equities research analysts at Evercore from an “in-line” rating to an “outperform” rating in a research report issued to clients and investors on Friday. The firm currently has a $65.00 target price on the transportation company’s stock. Evercore’s target price indicates a potential upside of 17.09% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. TD Cowen boosted their target price on Knight-Swift Transportation from $53.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. JPMorgan Chase & Co. increased their price target on Knight-Swift Transportation from $49.00 to $61.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. Citigroup upgraded Knight-Swift Transportation from a “neutral” rating to a “buy” rating and set a $64.00 price target on the stock in a research report on Friday, March 13th. Zacks Research raised Knight-Swift Transportation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 3rd. Finally, Stifel Nicolaus cut their price objective on Knight-Swift Transportation from $63.00 to $61.00 and set a “buy” rating for the company in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Knight-Swift Transportation has an average rating of “Moderate Buy” and an average target price of $61.67.

Knight-Swift Transportation Stock Performance

KNX stock opened at $55.51 on Friday. The company has a 50-day simple moving average of $57.72 and a 200 day simple moving average of $50.64. The company has a market capitalization of $9.02 billion, a P/E ratio of 135.40, a PEG ratio of 0.85 and a beta of 1.12. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.30. Knight-Swift Transportation has a fifty-two week low of $36.69 and a fifty-two week high of $64.10.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings results on Wednesday, January 21st. The transportation company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.05). The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.90 billion. Knight-Swift Transportation had a return on equity of 2.88% and a net margin of 0.88%.The firm’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.36 earnings per share. Knight-Swift Transportation has set its Q1 2026 guidance at 0.280-0.320 EPS. Sell-side analysts predict that Knight-Swift Transportation will post 2.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Joshua Smith sold 5,770 shares of the company’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $60.91, for a total transaction of $351,450.70. Following the completion of the sale, the chief financial officer directly owned 9,214 shares of the company’s stock, valued at $561,224.74. This represents a 38.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Michael K. Liu sold 1,243 shares of the stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $60.87, for a total value of $75,661.41. The SEC filing for this sale provides additional information. Insiders have sold a total of 42,930 shares of company stock worth $2,581,186 over the last quarter. 3.00% of the stock is currently owned by insiders.

Institutional Trading of Knight-Swift Transportation

A number of hedge funds have recently bought and sold shares of the company. Integrated Wealth Concepts LLC increased its position in shares of Knight-Swift Transportation by 23.3% in the first quarter. Integrated Wealth Concepts LLC now owns 5,948 shares of the transportation company’s stock worth $259,000 after acquiring an additional 1,124 shares in the last quarter. Focus Partners Wealth purchased a new stake in shares of Knight-Swift Transportation in the 1st quarter valued at approximately $451,000. Creative Planning boosted its stake in Knight-Swift Transportation by 39.9% in the 2nd quarter. Creative Planning now owns 33,332 shares of the transportation company’s stock worth $1,474,000 after purchasing an additional 9,510 shares during the period. Cetera Investment Advisers boosted its stake in Knight-Swift Transportation by 6.9% in the 2nd quarter. Cetera Investment Advisers now owns 13,724 shares of the transportation company’s stock worth $607,000 after purchasing an additional 882 shares during the period. Finally, American Century Companies Inc. grew its position in Knight-Swift Transportation by 1.9% during the 2nd quarter. American Century Companies Inc. now owns 1,355,712 shares of the transportation company’s stock worth $59,963,000 after purchasing an additional 24,908 shares in the last quarter. 88.77% of the stock is owned by hedge funds and other institutional investors.

About Knight-Swift Transportation

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.