Knight-Swift Transportation (NYSE:KNX) Price Target Increased to $48.00 by Analysts at Susquehanna

Knight-Swift Transportation (NYSE:KNX) had its price objective boosted by stock analysts at Susquehanna from $45.00 to $48.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price objective points to a potential downside of 11.18% from the stock’s previous close.

KNX has been the topic of several other reports. UBS Group lowered their target price on Knight-Swift Transportation from $59.00 to $58.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. TD Cowen boosted their price objective on Knight-Swift Transportation from $47.00 to $57.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Bank of America increased their target price on shares of Knight-Swift Transportation from $54.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Wells Fargo & Company initiated coverage on shares of Knight-Swift Transportation in a research report on Friday, June 7th. They issued an “overweight” rating and a $56.00 price target on the stock. Finally, Raymond James cut their price objective on shares of Knight-Swift Transportation from $58.00 to $57.00 and set a “strong-buy” rating for the company in a report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $57.00.

Knight-Swift Transportation Trading Up 2.5 %

Shares of Knight-Swift Transportation stock opened at $54.04 on Thursday. The firm has a market cap of $8.75 billion, a PE ratio of 80.66, a P/E/G ratio of 1.47 and a beta of 0.93. Knight-Swift Transportation has a 1 year low of $45.55 and a 1 year high of $60.99. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a fifty day moving average price of $52.16 and a 200-day moving average price of $50.67.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Wednesday, July 24th. The transportation company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.03). Knight-Swift Transportation had a return on equity of 1.98% and a net margin of 0.88%. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same period in the prior year, the firm posted $0.49 EPS. The business’s revenue was up 18.9% on a year-over-year basis. Equities research analysts anticipate that Knight-Swift Transportation will post 1.1 EPS for the current year.

Insider Buying and Selling at Knight-Swift Transportation

In other news, Chairman Kevin P. Knight sold 30,000 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $50.33, for a total transaction of $1,509,900.00. Following the sale, the chairman now owns 1,467,360 shares in the company, valued at approximately $73,852,228.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Chairman Kevin P. Knight sold 45,000 shares of Knight-Swift Transportation stock in a transaction on Monday, August 5th. The shares were sold at an average price of $51.53, for a total transaction of $2,318,850.00. Following the completion of the sale, the chairman now directly owns 1,422,360 shares of the company’s stock, valued at approximately $73,294,210.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Kevin P. Knight sold 30,000 shares of Knight-Swift Transportation stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $50.33, for a total transaction of $1,509,900.00. Following the sale, the chairman now directly owns 1,467,360 shares of the company’s stock, valued at $73,852,228.80. The disclosure for this sale can be found here. Insiders sold a total of 85,196 shares of company stock worth $4,367,869 over the last three months. 3.00% of the stock is owned by insiders.

Institutional Trading of Knight-Swift Transportation

Several hedge funds have recently added to or reduced their stakes in KNX. UBS Group AG lifted its stake in Knight-Swift Transportation by 4.4% in the fourth quarter. UBS Group AG now owns 118,620 shares of the transportation company’s stock worth $6,838,000 after purchasing an additional 5,033 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Knight-Swift Transportation by 5.2% in the fourth quarter. Wells Fargo & Company MN now owns 161,243 shares of the transportation company’s stock worth $9,296,000 after purchasing an additional 7,904 shares during the last quarter. US Bancorp DE lifted its stake in Knight-Swift Transportation by 8.8% in the fourth quarter. US Bancorp DE now owns 20,872 shares of the transportation company’s stock worth $1,203,000 after purchasing an additional 1,683 shares during the last quarter. Orion Portfolio Solutions LLC bought a new stake in Knight-Swift Transportation in the fourth quarter worth $584,000. Finally, Nomura Asset Management Co. Ltd. lifted its stake in Knight-Swift Transportation by 5.0% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 46,056 shares of the transportation company’s stock worth $2,655,000 after purchasing an additional 2,196 shares during the last quarter. 88.77% of the stock is owned by institutional investors.

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.