Knight-Swift Transportation (NYSE:KNX) Price Target Raised to $53.00

Knight-Swift Transportation (NYSE:KNX) had its target price increased by TD Cowen from $44.00 to $53.00 in a report issued on Thursday, Marketbeat reports. The firm currently has a buy rating on the transportation company’s stock.

KNX has been the topic of several other reports. Morgan Stanley lowered their target price on Knight-Swift Transportation from $68.00 to $67.00 and set an “overweight” rating on the stock in a research note on Monday, October 6th. Barclays decreased their price target on Knight-Swift Transportation from $55.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, October 2nd. Robert W. Baird boosted their price objective on shares of Knight-Swift Transportation from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. UBS Group downgraded shares of Knight-Swift Transportation from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $46.00 to $51.00 in a research report on Friday, September 5th. Finally, Stifel Nicolaus upgraded shares of Knight-Swift Transportation from a “hold” rating to a “buy” rating and reduced their target price for the stock from $47.00 to $45.00 in a research note on Friday, October 3rd. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Knight-Swift Transportation has an average rating of “Moderate Buy” and an average price target of $53.29.

Knight-Swift Transportation Trading Up 3.2%

NYSE KNX opened at $45.41 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.89 and a current ratio of 1.33. The firm has a market cap of $7.37 billion, a PE ratio of 51.60, a P/E/G ratio of 0.81 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 fifty day moving average is $42.91 and its two-hundred day moving average is $43.19.

Knight-Swift Transportation (NYSE:KNX) last announced its earnings results on Wednesday, October 22nd. The transportation company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.06). Knight-Swift Transportation had a return on equity of 2.98% and a net margin of 1.90%.The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter last year, the company posted $0.34 EPS. Knight-Swift Transportation’s quarterly revenue was up 2.7% on a year-over-year basis. Knight-Swift Transportation has set its Q4 2025 guidance at 0.340-0.400 EPS. Analysts expect that Knight-Swift Transportation will post 2.13 earnings per share for the current year.

Knight-Swift Transportation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 22nd. Shareholders of record on Friday, September 5th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Friday, September 5th. Knight-Swift Transportation’s payout ratio is presently 81.82%.

Insider Activity

In related news, EVP Michael K. Liu sold 3,420 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $43.41, for a total value of $148,462.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Knight-Swift Transportation

A number of hedge funds and other institutional investors have recently modified their holdings of KNX. Larson Financial Group LLC grew its holdings in shares of Knight-Swift Transportation by 9,383.3% in the 1st quarter. Larson Financial Group LLC now owns 569 shares of the transportation company’s stock worth $25,000 after acquiring an additional 563 shares during the period. Brooklyn Investment Group raised its holdings in Knight-Swift Transportation by 93.4% during the first 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. SJS Investment Consulting Inc. boosted its position in Knight-Swift Transportation by 7,100.0% during the third quarter. SJS Investment Consulting Inc. now owns 936 shares of the transportation company’s stock worth $37,000 after purchasing an additional 923 shares in the last quarter. Oliver Lagore Vanvalin Investment Group acquired a new stake in Knight-Swift Transportation in the second quarter valued at $55,000. Finally, Employees Retirement System of Texas purchased a new position in shares of Knight-Swift Transportation in the second quarter valued at $58,000. 88.77% of the stock is currently owned by institutional investors and hedge funds.

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.