Knight-Swift Transportation (NYSE:KNX) Price Target Raised to $98.00

Knight-Swift Transportation (NYSE:KNX) had its target price upped by Bank of America from $90.00 to $98.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Bank of America‘s price objective would indicate a potential upside of 36.71% from the stock’s previous close.

A number of other research analysts have also weighed in on KNX. Stephens raised shares of Knight-Swift Transportation to a “strong-buy” rating in a research note on Wednesday, July 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Knight-Swift Transportation in a research note on Monday, July 13th. Wells Fargo & Company increased their target price on Knight-Swift Transportation from $65.00 to $86.00 and gave the stock an “overweight” rating in a report on Friday, June 5th. JPMorgan Chase & Co. boosted their target price on Knight-Swift Transportation from $70.00 to $77.00 and gave the company a “neutral” rating in a research note on Friday, July 10th. Finally, Citizens Jmp assumed coverage on Knight-Swift Transportation in a research report on Wednesday, July 15th. They set a “market outperform” rating and a $90.00 price target for the company. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $84.06.

Knight-Swift Transportation Price Performance

Shares of KNX stock traded down $4.36 during trading hours on Thursday, reaching $71.68. 4,705,636 shares of the company were exchanged, compared to its average volume of 3,700,418. The company has a market cap of $11.65 billion, a price-to-earnings ratio of 342.34, a P/E/G ratio of 0.86 and a beta of 1.18. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.70 and a quick ratio of 0.70. The stock’s fifty day moving average is $75.45 and its two-hundred day moving average is $64.78. Knight-Swift Transportation has a fifty-two week low of $38.63 and a fifty-two week high of $82.86.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results on Wednesday, July 22nd. The transportation company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.05 billion. Knight-Swift Transportation had a net margin of 0.45% and a return on equity of 2.94%. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.21 EPS. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. Sell-side analysts forecast that Knight-Swift Transportation will post 2.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Knight-Swift Transportation

Large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. raised its stake in shares of Knight-Swift Transportation by 123.9% in the first quarter. Blue Trust Inc. now owns 544 shares of the transportation company’s stock valued at $31,000 after buying an additional 301 shares during the period. Clearstead Advisors LLC raised its position in shares of Knight-Swift Transportation by 134.6% in the 4th quarter. Clearstead Advisors LLC now owns 671 shares of the transportation company’s stock worth $35,000 after acquiring an additional 385 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in Knight-Swift Transportation by 1,478.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the transportation company’s stock worth $35,000 after purchasing an additional 828 shares during the period. Los Angeles Capital Management LLC purchased a new stake in Knight-Swift Transportation during the 4th quarter valued at about $39,000. Finally, Fifth Third Bancorp lifted its position in Knight-Swift Transportation by 44.4% in the 4th quarter. Fifth Third Bancorp now owns 868 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 267 shares in the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

Key Headlines Impacting Knight-Swift Transportation

Here are the key news stories impacting Knight-Swift Transportation this week:

• Positive Sentiment: Knight-Swift beat second-quarter expectations, posting $0.63 EPS versus $0.51 expected and revenue of $2.10 billion versus $2.05 billion forecast, with revenue up 12.6% year over year. Q2 earnings release and conference call coverage
• Positive Sentiment: The company also lifted third-quarter 2026 EPS guidance to 0.710-0.770, above the consensus estimate of 0.670, which suggests management expects momentum to continue. BusinessWire earnings announcement
• Positive Sentiment: Analysts turned more constructive after earnings: Stifel raised its target to $88 from $85 and kept a buy rating, Susquehanna lifted its target to $96 from $90 with a positive rating, and TD Cowen increased its target to $86 from $82 with a buy rating. Benzinga analyst target updates
• Neutral Sentiment: Several follow-up articles and earnings call materials were published after the report, but they mainly reinforce the same earnings beat and outlook update rather than adding new catalysts. Earnings call transcript

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.