Knight-Swift Transportation (NYSE:KNX) Price Target Raised to $75.00

Knight-Swift Transportation (NYSE:KNX) had its price objective upped by equities researchers at Barclays from $65.00 to $75.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the transportation company’s stock. Barclays‘s price target points to a potential upside of 19.69% from the stock’s previous close.

A number of other brokerages have also weighed in on KNX. JPMorgan Chase & Co. upped their price target on shares of Knight-Swift Transportation from $49.00 to $61.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. Stifel Nicolaus cut their price objective on Knight-Swift Transportation from $63.00 to $61.00 and set a “buy” rating for the company in a report on Thursday, January 22nd. 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 research note on Tuesday, December 9th. Morgan Stanley boosted their price target on shares of Knight-Swift Transportation from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, December 8th. Finally, Wells Fargo & Company lifted their price objective on shares of Knight-Swift Transportation from $58.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $60.56.

Knight-Swift Transportation Stock Performance

KNX traded up $1.05 during trading hours on Wednesday, hitting $62.66. The company’s stock had a trading volume of 194,824 shares, compared to its average volume of 3,265,496. The company has a 50-day simple moving average of $57.47 and a 200 day simple moving average of $49.32. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $10.18 billion, a PE ratio of 152.83, a PEG ratio of 0.92 and a beta of 1.12. Knight-Swift Transportation has a fifty-two week low of $36.69 and a fifty-two week high of $64.04.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings results on Wednesday, January 21st. The transportation company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.05). Knight-Swift Transportation had a return on equity of 2.88% and a net margin of 0.88%.The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same period in the previous year, the company posted $0.36 EPS. The company’s revenue for the quarter was down .4% compared to the same quarter last year. Knight-Swift Transportation has set its Q1 2026 guidance at 0.280-0.320 EPS. As a group, sell-side analysts expect that Knight-Swift Transportation will post 2.13 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Reed Stultz sold 4,692 shares of the firm’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $51.51, for a total value of $241,684.92. Following the completion of the sale, the senior vice president owned 465 shares of the company’s stock, valued at $23,952.15. This trade represents a 90.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Joshua Smith sold 5,770 shares of Knight-Swift Transportation stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $60.91, for a total value of $351,450.70. Following the transaction, the chief financial officer owned 9,214 shares in the company, valued at $561,224.74. This represents a 38.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 82,622 shares of company stock valued at $4,608,221 over the last 90 days. 3.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Knight-Swift Transportation

Several institutional investors and hedge funds have recently bought and sold shares of KNX. Wellington Management Group LLP lifted its position in Knight-Swift Transportation by 23.6% in the 4th quarter. Wellington Management Group LLP now owns 12,918,523 shares of the transportation company’s stock worth $675,380,000 after buying an additional 2,468,293 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Knight-Swift Transportation by 0.9% during the third quarter. Victory Capital Management Inc. now owns 8,496,137 shares of the transportation company’s stock worth $335,682,000 after acquiring an additional 76,342 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Knight-Swift Transportation by 1.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 8,397,338 shares of the transportation company’s stock valued at $439,016,000 after purchasing an additional 129,651 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Knight-Swift Transportation by 7.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,676,422 shares of the transportation company’s stock valued at $244,250,000 after purchasing an additional 315,192 shares in the last quarter. Finally, Ensign Peak Advisors Inc grew its stake in Knight-Swift Transportation by 50.4% in the fourth quarter. Ensign Peak Advisors Inc now owns 2,939,212 shares of the transportation company’s stock valued at $153,662,000 after purchasing an additional 984,422 shares in the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Company Profile

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.