Wells Fargo & Company Has Lowered Expectations for Knight-Swift Transportation (NYSE:KNX) Stock Price

Knight-Swift Transportation (NYSE:KNX) had its price objective decreased by equities research analysts at Wells Fargo & Company from $50.00 to $48.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the transportation company’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 14.09% from the stock’s current price.

Several other equities research analysts have also recently commented on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Knight-Swift Transportation in a research report on Saturday, September 27th. Deutsche Bank Aktiengesellschaft upgraded Knight-Swift Transportation from a “hold” rating to a “buy” rating and upped their price objective for the stock from $43.00 to $53.00 in a research note on Thursday. Raymond James Financial upped their price objective on Knight-Swift Transportation from $50.00 to $55.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, July 15th. Stifel Nicolaus raised shares of Knight-Swift Transportation from a “hold” rating to a “buy” rating and dropped their price target for the stock from $47.00 to $45.00 in a research report on Friday. Finally, Baird R W raised shares of Knight-Swift Transportation to a “strong-buy” rating in a research report on Tuesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $52.35.

Knight-Swift Transportation Stock Up 1.6%

KNX traded up $0.66 during trading on Monday, hitting $42.07. The company had a trading volume of 606,139 shares, compared to its average volume of 2,836,172. The company has a market capitalization of $6.83 billion, a PE ratio of 41.32, a PEG ratio of 0.70 and a beta of 1.14. Knight-Swift Transportation has a one year low of $36.69 and a one year high of $61.51. The firm’s 50-day moving average price is $42.13 and its 200 day moving average price is $42.92. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.30.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results on Wednesday, July 23rd. The transportation company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Knight-Swift Transportation had a return on equity of 3.03% and a net margin of 2.22%.The business’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.24 EPS. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. As a group, equities analysts expect that Knight-Swift Transportation will post 2.13 earnings per share for the current year.

Insider Activity at Knight-Swift Transportation

In other news, EVP Michael K. Liu sold 3,420 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $43.41, for a total transaction of $148,462.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Cerity Partners LLC increased its stake in shares of Knight-Swift Transportation by 611.7% in the 1st quarter. Cerity Partners LLC now owns 34,074 shares of the transportation company’s stock valued at $1,482,000 after purchasing an additional 29,286 shares during the last quarter. Aviance Capital Partners LLC increased its stake in shares of Knight-Swift Transportation by 6.3% in the 1st quarter. Aviance Capital Partners LLC now owns 110,932 shares of the transportation company’s stock valued at $4,824,000 after purchasing an additional 6,592 shares during the last quarter. Washington Capital Management Inc. bought a new position in Knight-Swift Transportation in the second quarter valued at about $464,000. Wealth Enhancement Advisory Services LLC grew its position in Knight-Swift Transportation by 668.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 34,743 shares of the transportation company’s stock valued at $1,511,000 after acquiring an additional 30,219 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Knight-Swift Transportation by 533.9% in the first quarter. Assenagon Asset Management S.A. now owns 33,614 shares of the transportation company’s stock valued at $1,462,000 after acquiring an additional 28,311 shares during the last quarter. 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.