Knight-Swift Transportation (NYSE:KNX) Stock Price Expected to Rise, Raymond James Analyst Says

Knight-Swift Transportation (NYSE:KNX) had its price target increased by analysts at Raymond James from $62.00 to $66.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “strong-buy” rating on the transportation company’s stock. Raymond James’ target price indicates a potential upside of 15.35% from the stock’s previous close.

A number of other equities analysts have also weighed in on KNX. Morgan Stanley cut their target price on Knight-Swift Transportation from $72.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, October 24th. Bank of America raised their price objective on shares of Knight-Swift Transportation from $61.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. The Goldman Sachs Group upped their target price on shares of Knight-Swift Transportation from $45.00 to $51.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. Barclays lifted their price target on Knight-Swift Transportation from $62.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Finally, Citigroup downgraded Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 price objective for the company. in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Knight-Swift Transportation presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.38.

Knight-Swift Transportation Trading Down 0.6 %

NYSE:KNX opened at $57.22 on Thursday. The firm has a fifty day simple moving average of $55.27 and a two-hundred day simple moving average of $53.38. Knight-Swift Transportation has a 12 month low of $45.55 and a 12 month high of $61.51. The stock has a market capitalization of $9.26 billion, a price-to-earnings ratio of 78.38, a PEG ratio of 1.02 and a beta of 0.98. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.31.

Knight-Swift Transportation (NYSE:KNX) last issued its earnings results on Wednesday, January 22nd. The transportation company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. Knight-Swift Transportation had a return on equity of 2.43% and a net margin of 1.59%. Analysts expect that Knight-Swift Transportation will post 2.11 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Ploeg David Vander sold 500 shares of Knight-Swift Transportation stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $57.10, for a total value of $28,550.00. Following the completion of the sale, the director now owns 30,729 shares of the company’s stock, valued at approximately $1,754,625.90. This trade represents a 1.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Kevin P. Knight sold 29,779 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $57.19, for a total transaction of $1,703,061.01. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Knight-Swift Transportation

Several institutional investors have recently made changes to their positions in KNX. GAMMA Investing LLC grew its holdings in Knight-Swift Transportation by 18.5% during the 4th quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company’s stock valued at $71,000 after buying an additional 208 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Knight-Swift Transportation by 20.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company’s stock valued at $67,000 after acquiring an additional 213 shares during the period. MML Investors Services LLC grew its stake in Knight-Swift Transportation by 4.6% during the third quarter. MML Investors Services LLC now owns 5,182 shares of the transportation company’s stock valued at $280,000 after acquiring an additional 228 shares in the last quarter. Venturi Wealth Management LLC grew its stake in Knight-Swift Transportation by 34.2% during the third quarter. Venturi Wealth Management LLC now owns 1,145 shares of the transportation company’s stock valued at $62,000 after acquiring an additional 292 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators lifted its stake in Knight-Swift Transportation by 87.2% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 747 shares of the transportation company’s stock worth $40,000 after purchasing an additional 348 shares in the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Company Profile

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.