Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Receives Average Rating of “Moderate Buy” from Analysts

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) has been assigned a consensus recommendation of “Moderate Buy” from the sixteen analysts that are currently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $53.13.

KNX has been the topic of several analyst reports. Wells Fargo & Company lifted their price target on shares of Knight-Swift Transportation from $46.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, May 28th. Stifel Nicolaus reduced their price target on shares of Knight-Swift Transportation from $57.00 to $49.00 and set a “hold” rating on the stock in a research report on Monday, April 14th. Raymond James Financial cut their target price on Knight-Swift Transportation from $66.00 to $55.00 and set a “strong-buy” rating on the stock in a research report on Friday, April 11th. Bank of America boosted their target price on Knight-Swift Transportation from $43.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. Finally, The Goldman Sachs Group raised Knight-Swift Transportation from a “neutral” rating to a “buy” rating and boosted their target price for the company from $45.00 to $65.00 in a research report on Monday, June 2nd.

Hedge Funds Weigh In On Knight-Swift Transportation

Several large investors have recently bought and sold shares of the stock. Voya Investment Management LLC boosted its stake 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 acquiring an additional 192 shares in the last quarter. Benjamin Edwards Inc. boosted its stake in Knight-Swift Transportation by 3.3% in the fourth quarter. Benjamin Edwards Inc. now owns 6,687 shares of the transportation company’s stock valued at $355,000 after acquiring an additional 216 shares in the last quarter. Signaturefd LLC boosted its stake in Knight-Swift Transportation by 8.5% in the fourth quarter. Signaturefd LLC now owns 2,769 shares of the transportation company’s stock valued at $147,000 after acquiring an additional 218 shares in the last quarter. Bessemer Group Inc. boosted its stake in Knight-Swift Transportation by 6.1% in the fourth quarter. Bessemer Group Inc. now owns 3,882 shares of the transportation company’s stock valued at $206,000 after acquiring an additional 222 shares in the last quarter. Finally, Concurrent Investment Advisors LLC boosted its stake in Knight-Swift Transportation by 4.6% in the fourth quarter. Concurrent Investment Advisors LLC now owns 5,301 shares of the transportation company’s stock valued at $281,000 after acquiring an additional 235 shares in the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

Knight-Swift Transportation Stock Down 0.5%

KNX stock opened at $44.06 on Thursday. The firm has a market cap of $7.14 billion, a PE ratio of 46.87, a PEG ratio of 0.65 and a beta of 1.18. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.88 and a current ratio of 0.88. The firm’s 50 day moving average price is $42.81 and its 200-day moving average price is $47.85. Knight-Swift Transportation has a one year low of $36.69 and a one year high of $61.51.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.25 by $0.03. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.83 billion. Knight-Swift Transportation had a net margin of 2.04% and a return on equity of 2.79%. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.12 EPS. On average, equities research analysts anticipate that Knight-Swift Transportation will post 2.13 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Monday, June 9th were paid a $0.18 dividend. The ex-dividend date of this dividend was Monday, June 9th. This represents a $0.72 annualized dividend and a yield of 1.63%. Knight-Swift Transportation’s dividend payout ratio is presently 76.60%.

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.