Knight-Swift Transportation Holdings Inc (KNX) Given Consensus Rating of “Buy” by Brokerages

Knight-Swift Transportation Holdings Inc (NYSE:KNX) has been assigned an average rating of “Buy” from the twenty-one ratings firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and fourteen have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $42.56.

A number of analysts have issued reports on the company. Zacks Investment Research downgraded Knight-Swift Transportation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. Morgan Stanley assumed coverage on Knight-Swift Transportation in a research note on Wednesday, December 13th. They issued an “overweight” rating and a $50.00 target price for the company. Knight Equity raised Knight-Swift Transportation to a “buy” rating in a research note on Sunday, November 26th. KeyCorp raised their price objective on Knight-Swift Transportation from $45.00 to $55.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Finally, Citigroup started coverage on Knight-Swift Transportation in a research report on Tuesday, September 19th. They set a “buy” rating and a $48.00 price objective for the company.

Shares of Knight-Swift Transportation (KNX) traded down $0.21 on Tuesday, hitting $44.90. The company’s stock had a trading volume of 1,266,991 shares, compared to its average volume of 1,542,015. Knight-Swift Transportation has a twelve month low of $26.68 and a twelve month high of $45.60. The firm has a market cap of $8,030.00, a P/E ratio of 65.07 and a beta of 0.91. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.14.

Knight-Swift Transportation (NYSE:KNX) last issued its earnings results on Monday, November 6th. The transportation company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.05). Knight-Swift Transportation had a return on equity of 7.48% and a net margin of 2.44%. The company had revenue of $521.61 million during the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the business earned $0.34 earnings per share. equities analysts expect that Knight-Swift Transportation will post 1.13 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 27th. Stockholders of record on Friday, December 1st were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Thursday, November 30th. Knight-Swift Transportation’s payout ratio is presently 8.70%.

In related news, Director Michael Garnreiter sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $38.50, for a total transaction of $96,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Todd F. Carlson sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $39.24, for a total value of $353,160.00. The disclosure for this sale can be found here. Insiders sold a total of 12,500 shares of company stock valued at $492,410 in the last quarter. Company insiders own 44.90% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its position in Knight-Swift Transportation by 97.1% during the third quarter. Bank of New York Mellon Corp now owns 8,427,755 shares of the transportation company’s stock worth $350,174,000 after buying an additional 4,151,669 shares during the period. Teachers Advisors LLC increased its position in Knight-Swift Transportation by 1,098.3% during the second quarter. Teachers Advisors LLC now owns 1,381,195 shares of the transportation company’s stock worth $51,173,000 after buying an additional 1,265,934 shares during the period. Citadel Advisors LLC increased its holdings in shares of Knight-Swift Transportation by 10,372.6% in the second quarter. Citadel Advisors LLC now owns 1,219,634 shares of the transportation company’s stock valued at $45,187,000 after purchasing an additional 1,207,988 shares during the period. Artemis Investment Management LLP increased its holdings in shares of Knight-Swift Transportation by 1,958.7% in the third quarter. Artemis Investment Management LLP now owns 1,152,833 shares of the transportation company’s stock valued at $47,877,000 after purchasing an additional 1,096,835 shares during the period. Finally, Balyasny Asset Management LLC acquired a new position in shares of Knight-Swift Transportation in the second quarter valued at approximately $30,414,000. Hedge funds and other institutional investors own 78.22% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Knight-Swift Transportation Holdings Inc (KNX) Given Consensus Rating of “Buy” by Brokerages” was originally published by BBNS and is owned by of BBNS. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US and international copyright and trademark laws. The correct version of this piece of content can be read at https://baseballnewssource.com/markets/knight-swift-transportation-holdings-inc-knx-given-consensus-rating-of-buy-by-brokerages/1821207.html.

About Knight-Swift Transportation

Knight Transportation, Inc is a provider of multiple truckload transportation and logistics services, which involve the movement of trailer or container loads of freight from origin to destination for a single customer. The Company operates through two segments: Trucking and Logistics. Its Trucking segment consists of three operating units: dry van truckload, temperature-controlled truckload and drayage services.

Analyst Recommendations for Knight-Swift Transportation (NYSE:KNX)

Receive News & Ratings for Knight-Swift Transportation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knight-Swift Transportation and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires


Leave a Reply

 
© 2006-2018 BBNS.