Knight-Swift Transportation (NYSE:KNX) Upgraded to “Strong-Buy” at Baird R W

Knight-Swift Transportation (NYSE:KNX) was upgraded by analysts at Baird R W to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Several other research analysts also recently commented on KNX. Robert W. Baird assumed coverage on shares of Knight-Swift Transportation in a research report on Tuesday. They set an “outperform” rating and a $55.00 price objective for the company. Evercore ISI lowered their price target on Knight-Swift Transportation from $49.00 to $44.00 and set an “in-line” rating for the company in a report on Thursday, April 24th. Susquehanna raised their price objective on Knight-Swift Transportation from $45.00 to $52.00 and gave the company a “positive” rating in a research note on Tuesday, June 24th. The Goldman Sachs Group upgraded Knight-Swift Transportation from a “neutral” rating to a “buy” rating and lifted their target price for the company from $45.00 to $65.00 in a research report on Monday, June 2nd. Finally, Bank of America increased their target price on shares of Knight-Swift Transportation from $43.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, May 16th. Six investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Knight-Swift Transportation presently has a consensus rating of “Moderate Buy” and an average target price of $53.25.

Knight-Swift Transportation Stock Up 2.4%

KNX stock opened at $47.18 on Tuesday. Knight-Swift Transportation has a 52 week low of $36.69 and a 52 week high of $61.51. The business has a 50-day simple moving average of $43.43 and a 200 day simple moving average of $47.47. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.30. The company has a market cap of $7.65 billion, a PE ratio of 50.19, a price-to-earnings-growth ratio of 0.68 and a beta of 1.17.

Knight-Swift Transportation (NYSE:KNX) last issued its 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. Knight-Swift Transportation had a net margin of 2.04% and a return on equity of 2.79%. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same period in the previous year, the company earned $0.12 EPS. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. Sell-side analysts anticipate that Knight-Swift Transportation will post 2.13 EPS for the current fiscal year.

Institutional Investors Weigh In On Knight-Swift Transportation

Institutional investors have recently added to or reduced their stakes in the business. Larson Financial Group LLC lifted its holdings in shares of Knight-Swift Transportation by 9,383.3% during the first quarter. Larson Financial Group LLC now owns 569 shares of the transportation company’s stock worth $25,000 after purchasing an additional 563 shares during the period. Brooklyn Investment Group raised its position in 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 during the last quarter. UMB Bank n.a. lifted its holdings in 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 period. Quarry LP grew its position in shares of Knight-Swift Transportation by 41.6% in the 4th quarter. Quarry LP now owns 1,701 shares of the transportation company’s stock valued at $90,000 after buying an additional 500 shares during the last quarter. Finally, Generali Asset Management SPA SGR acquired a new stake in shares of Knight-Swift Transportation in the fourth quarter valued at about $99,000. 88.77% of the stock is owned by institutional investors.

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.