Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Receives $59.38 Average Target Price from Analysts

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) has been assigned a consensus rating of “Moderate Buy” from the seventeen analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $59.38.

Several equities analysts have recently weighed in on KNX shares. Susquehanna upgraded shares of Knight-Swift Transportation from a “neutral” rating to a “positive” rating and increased their price objective for the stock from $48.00 to $67.00 in a research note on Friday, January 3rd. Raymond James increased their price objective on shares of Knight-Swift Transportation from $62.00 to $66.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. Barclays raised their target price on shares of Knight-Swift Transportation from $62.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. TD Cowen raised their target price on shares of Knight-Swift Transportation from $62.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Finally, StockNews.com raised shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research note on Thursday, January 23rd.

Knight-Swift Transportation Stock Performance

Shares of KNX stock opened at $52.02 on Friday. The company’s 50-day moving average is $54.60 and its 200 day moving average is $54.09. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 0.85. The company has a market capitalization of $8.42 billion, a price-to-earnings ratio of 71.25 and a beta of 0.99. Knight-Swift Transportation has a one year low of $45.55 and a one year high of $61.51.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings results on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. Sell-side analysts expect that Knight-Swift Transportation will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Friday, March 7th will be issued a $0.18 dividend. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Friday, March 7th. Knight-Swift Transportation’s payout ratio is presently 98.63%.

Hedge Funds Weigh In On Knight-Swift Transportation

Large investors have recently added to or reduced their stakes in the company. Voya Investment Management LLC boosted its position in Knight-Swift Transportation by 0.9% in the fourth quarter. Voya Investment Management LLC now owns 20,550 shares of the transportation company’s stock valued at $1,090,000 after buying an additional 192 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Knight-Swift Transportation by 18.5% during the 4th quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company’s stock worth $71,000 after buying an additional 208 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in shares of Knight-Swift Transportation by 20.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company’s stock worth $67,000 after buying an additional 213 shares during the period. Benjamin Edwards Inc. raised its stake in shares of Knight-Swift Transportation by 3.3% during the 4th quarter. Benjamin Edwards Inc. now owns 6,687 shares of the transportation company’s stock worth $355,000 after buying an additional 216 shares during the period. Finally, Signaturefd LLC raised its stake in shares of Knight-Swift Transportation by 8.5% during the 4th quarter. Signaturefd LLC now owns 2,769 shares of the transportation company’s stock worth $147,000 after buying an additional 218 shares during the period. 88.77% of the stock is currently 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.