Wells Fargo & Company Issues Positive Forecast for Knight-Swift Transportation (NYSE:KNX) Stock Price

Knight-Swift Transportation (NYSE:KNX) had its price objective hoisted by Wells Fargo & Company from $58.00 to $60.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the transportation company’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 9.04% from the stock’s previous close.

Several other research analysts have also commented on KNX. Raymond James Financial raised their price target on Knight-Swift Transportation from $55.00 to $59.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, October 14th. TD Cowen raised their target price on Knight-Swift Transportation from $53.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, December 9th. Barclays dropped their target price on Knight-Swift Transportation from $55.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, October 2nd. Benchmark reissued a “buy” rating on shares of Knight-Swift Transportation in a research report on Friday, October 24th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Knight-Swift Transportation from $48.00 to $49.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $55.35.

Knight-Swift Transportation Trading Up 1.8%

Shares of KNX traded up $0.97 during trading on Tuesday, reaching $55.02. 301,466 shares of the company traded hands, compared to its average volume of 1,876,403. The stock has a 50-day simple moving average of $48.34 and a 200-day simple moving average of $45.29. The stock has a market cap of $8.93 billion, a PE ratio of 62.59, a price-to-earnings-growth ratio of 0.69 and a beta of 1.16. Knight-Swift Transportation has a twelve month low of $36.69 and a twelve month high of $61.51. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.31.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings data on Wednesday, October 22nd. The transportation company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same period in the previous year, the business posted $0.34 EPS. The business’s revenue for the quarter 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. On average, analysts anticipate that Knight-Swift Transportation will post 2.13 earnings per share for the current year.

Insider Buying and Selling

In other Knight-Swift Transportation news, SVP Reed Stultz sold 4,692 shares of the stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $51.51, for a total value of $241,684.92. Following the sale, the senior vice president directly owned 465 shares of the company’s stock, valued at approximately $23,952.15. This represents a 90.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Cary M. Flanagan sold 4,300 shares of the firm’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $45.04, for a total transaction of $193,672.00. Following the completion of the sale, the chief accounting officer owned 5,644 shares in the company, valued at $254,205.76. The trade was a 43.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 43,992 shares of company stock worth $2,220,707. Company insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Knight-Swift Transportation

Several large investors have recently bought and sold shares of KNX. GAMMA Investing LLC raised its stake in Knight-Swift Transportation by 20.4% in the fourth quarter. GAMMA Investing LLC now owns 2,495 shares of the transportation company’s stock valued at $130,000 after buying an additional 422 shares in the last quarter. Allworth Financial LP raised its position in shares of Knight-Swift Transportation by 19.5% during the 3rd quarter. Allworth Financial LP now owns 4,174 shares of the transportation company’s stock worth $165,000 after acquiring an additional 681 shares in the last quarter. CIBC Private Wealth Group LLC lifted its stake in Knight-Swift Transportation by 295.4% during the third quarter. CIBC Private Wealth Group LLC now owns 2,839 shares of the transportation company’s stock worth $112,000 after purchasing an additional 2,121 shares during the last quarter. Danske Bank A S acquired a new position in Knight-Swift Transportation in the third quarter valued at approximately $99,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Knight-Swift Transportation by 1,478.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 828 shares in the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.

About Knight-Swift Transportation

Knight-Swift Transportation Holdings Inc (NYSE: KNX) is one of North America’s largest asset-based truckload carriers, offering a wide range of transportation and logistics services. The company was formed in 2017 through the merger of Knight Transportation and Swift Transportation, each with decades of experience in long-haul dry van and refrigerated freight. Since the merger, Knight-Swift has pursued a growth strategy that includes fleet expansions, targeted acquisitions, and investments in technology to enhance service reliability and network efficiency.

The company’s core business activities include full truckload operations for dry van, temperature-controlled and flatbed shipments.