Knight-Swift Transportation (NYSE:KNX) Price Target Cut to $62.00

Knight-Swift Transportation (NYSE:KNXGet Free Report) had its price objective dropped by equities research analysts at Barclays from $65.00 to $62.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the transportation company’s stock. Barclays‘s price objective would suggest a potential upside of 16.15% from the company’s previous close.

Several other research analysts have also recently weighed in on the stock. TheStreet upgraded shares of Knight-Swift Transportation from a “c+” rating to a “b-” rating in a research report on Monday, December 4th. Susquehanna dropped their price objective on shares of Knight-Swift Transportation from $62.00 to $59.00 and set a “neutral” rating for the company in a research report on Monday, March 25th. Finally, Stifel Nicolaus boosted their price objective on shares of Knight-Swift Transportation from $54.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $62.50.

Check Out Our Latest Report on Knight-Swift Transportation

Knight-Swift Transportation Stock Performance

NYSE:KNX opened at $53.38 on Monday. Knight-Swift Transportation has a 1 year low of $45.73 and a 1 year high of $60.99. The firm has a 50 day moving average of $56.54 and a 200-day moving average of $54.19. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $8.62 billion, a P/E ratio of 40.14, a price-to-earnings-growth ratio of 1.49 and a beta of 0.99.

Knight-Swift Transportation (NYSE:KNXGet Free Report) last posted its earnings results on Wednesday, January 24th. The transportation company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.38). Knight-Swift Transportation had a net margin of 3.04% and a return on equity of 3.93%. The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.92 billion. As a group, sell-side analysts anticipate that Knight-Swift Transportation will post 2.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other Knight-Swift Transportation news, CAO Cary M. Flanagan sold 2,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $56.24, for a total transaction of $112,480.00. Following the sale, the chief accounting officer now directly owns 5,118 shares of the company’s stock, valued at approximately $287,836.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On Knight-Swift Transportation

A number of institutional investors and hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Knight-Swift Transportation by 8.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,494 shares of the transportation company’s stock valued at $131,000 after purchasing an additional 190 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Knight-Swift Transportation by 25.0% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 1,000 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 200 shares during the period. Arkadios Wealth Advisors raised its holdings in shares of Knight-Swift Transportation by 2.9% in the 4th quarter. Arkadios Wealth Advisors now owns 7,215 shares of the transportation company’s stock valued at $416,000 after purchasing an additional 205 shares during the period. Private Advisor Group LLC grew its stake in Knight-Swift Transportation by 2.8% in the 3rd quarter. Private Advisor Group LLC now owns 7,542 shares of the transportation company’s stock valued at $378,000 after buying an additional 207 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Knight-Swift Transportation by 0.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 40,074 shares of the transportation company’s stock valued at $2,310,000 after buying an additional 209 shares during the last quarter. 88.77% of the stock is owned by institutional investors.

Knight-Swift Transportation Company Profile

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

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