Knight-Swift Transportation (NYSE:KNX) Price Target Lowered to $54.00 at Bank of America

Knight-Swift Transportation (NYSE:KNX) had its price objective reduced by analysts at Bank of America from $58.00 to $54.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. Bank of America‘s target price would indicate a potential upside of 11.16% from the stock’s current price.

Several other analysts also recently issued reports on the company. TD Cowen reduced their price objective on Knight-Swift Transportation from $58.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday. Susquehanna reduced their price objective on Knight-Swift Transportation from $62.00 to $59.00 and set a “neutral” rating on the stock in a research report on Monday, March 25th. Stifel Nicolaus increased their target price on Knight-Swift Transportation from $54.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Barclays reduced their target price on Knight-Swift Transportation from $65.00 to $62.00 and set an “overweight” rating on the stock in a research report on Monday, April 1st. Finally, Loop Capital downgraded Knight-Swift Transportation from a “buy” rating to a “hold” rating and reduced their target price for the stock from $63.00 to $53.00 in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $60.31.

Knight-Swift Transportation Stock Down 4.3 %

KNX opened at $48.58 on Thursday. The business’s fifty day moving average is $55.07 and its two-hundred day moving average is $54.23. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $7.85 billion, a price-to-earnings ratio of 36.53, a PEG ratio of 1.47 and a beta of 0.99. Knight-Swift Transportation has a one year low of $45.73 and a one year high of $60.99.

Knight-Swift Transportation (NYSE:KNX) last posted its earnings results on Wednesday, January 24th. The transportation company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.38). The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.92 billion. Knight-Swift Transportation had a return on equity of 3.93% and a net margin of 3.04%. Analysts anticipate that Knight-Swift Transportation will post 2.3 EPS for the current fiscal year.

Insider Activity

In related news, CAO Cary M. Flanagan sold 2,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $56.24, for a total transaction of $112,480.00. Following the transaction, the chief accounting officer now directly owns 5,118 shares in the company, valued at $287,836.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Knight-Swift Transportation

Several large investors have recently added to or reduced their stakes in KNX. Rise Advisors LLC bought a new position in Knight-Swift Transportation during the first quarter worth $25,000. Quarry LP bought a new stake in Knight-Swift Transportation in the fourth quarter valued at $33,000. GAMMA Investing LLC lifted its stake in Knight-Swift Transportation by 67.5% in the first quarter. GAMMA Investing LLC now owns 628 shares of the transportation company’s stock valued at $35,000 after buying an additional 253 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in Knight-Swift Transportation by 136.5% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 667 shares of the transportation company’s stock valued at $38,000 after buying an additional 385 shares during the last quarter. Finally, FinTrust Capital Advisors LLC bought a new stake in Knight-Swift Transportation in the third quarter valued at $42,000. 88.77% of the stock is currently 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.