Knight-Swift Transportation (NYSE:KNX – Get Free Report) was downgraded by Susquehanna from a “positive” rating to a “neutral” rating in a report issued on Wednesday, MarketBeat reports. They currently have a $43.00 price objective on the transportation company’s stock, down from their prior price objective of $52.00. Susquehanna’s target price would indicate a potential upside of 9.98% from the company’s previous close.
A number of other research analysts also recently weighed in on KNX. Robert W. Baird increased their price objective on shares of Knight-Swift Transportation from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. Wells Fargo & Company boosted their price objective on shares of Knight-Swift Transportation from $46.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 28th. Barclays dropped their price objective on shares of Knight-Swift Transportation from $58.00 to $55.00 and set an “overweight” rating on the stock in a report on Thursday, July 10th. Baird R W upgraded shares of Knight-Swift Transportation to a “strong-buy” rating in a research report on Tuesday, July 1st. Finally, UBS Group cut shares of Knight-Swift Transportation from a “buy” rating to a “neutral” rating and increased their target price for the company from $46.00 to $51.00 in a research report on Friday, September 5th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $53.13.
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Knight-Swift Transportation Stock Down 0.2%
KNX opened at $39.10 on Wednesday. The company has a 50 day moving average of $42.75 and a 200 day moving average of $43.22. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.30. Knight-Swift Transportation has a 12 month low of $36.69 and a 12 month high of $61.51. The company has a market cap of $6.35 billion, a PE ratio of 38.33, a price-to-earnings-growth ratio of 0.66 and a beta of 1.19.
Knight-Swift Transportation (NYSE:KNX – Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.87 billion. Knight-Swift Transportation had a net margin of 2.22% and a return on equity of 3.03%. The firm’s revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.24 EPS. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. On average, sell-side analysts expect that Knight-Swift Transportation will post 2.13 EPS for the current year.
Insiders Place Their Bets
In other Knight-Swift Transportation news, EVP Michael K. Liu sold 3,420 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $43.41, for a total transaction of $148,462.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.00% of the company’s stock.
Hedge Funds Weigh In On Knight-Swift Transportation
Institutional investors have recently modified their holdings of the business. Larson Financial Group LLC grew its position in Knight-Swift Transportation by 9,383.3% in the 1st quarter. Larson Financial Group LLC now owns 569 shares of the transportation company’s stock valued at $25,000 after buying an additional 563 shares during the last quarter. Brooklyn Investment Group boosted its position in shares of Knight-Swift Transportation by 93.4% during the 1st quarter. Brooklyn Investment Group now owns 642 shares of the transportation company’s stock worth $28,000 after purchasing an additional 310 shares in the last quarter. UMB Bank n.a. raised its stake in shares of Knight-Swift Transportation by 40.0% during the 1st quarter. UMB Bank n.a. now owns 1,133 shares of the transportation company’s stock worth $49,000 after buying an additional 324 shares during the last quarter. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Knight-Swift Transportation during the 2nd quarter worth $55,000. Finally, Employees Retirement System of Texas acquired a new position in shares of Knight-Swift Transportation during the 2nd quarter worth $58,000. 88.77% of the stock is owned by institutional investors and hedge funds.
About Knight-Swift Transportation
(Get Free Report)
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.
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