Knight-Swift Transportation (NYSE:KNX) Price Target Cut to $85.00 by Analysts at Susquehanna

Knight-Swift Transportation (NYSE:KNX) had its price target reduced by investment analysts at Susquehanna from $96.00 to $85.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “positive” rating on the transportation company’s stock. Susquehanna’s target price would indicate a potential upside of 29.85% from the stock’s current price.

A number of other research analysts also recently issued reports on the company. Citizens Jmp assumed coverage on Knight-Swift Transportation in a report on Wednesday, July 15th. They issued a “market outperform” rating and a $90.00 price target on the stock. The Goldman Sachs Group upped their price objective on Knight-Swift Transportation from $65.00 to $86.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Stifel Nicolaus raised their price objective on Knight-Swift Transportation from $85.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. JPMorgan Chase & Co. lifted their target price on Knight-Swift Transportation from $77.00 to $84.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Finally, Bank of America reduced their target price on shares of Knight-Swift Transportation from $98.00 to $92.00 and set a “buy” rating for the company in a report on Wednesday, September 23rd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $85.06.

Knight-Swift Transportation Price Performance

NYSE KNX opened at $65.46 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.88 and a current ratio of 0.88. The firm’s 50 day moving average price is $68.84 and its 200-day moving average price is $68.69. Knight-Swift Transportation has a 52-week low of $39.06 and a 52-week high of $82.86. The company has a market cap of $10.65 billion, a PE ratio of 251.79, a P/E/G ratio of 0.53 and a beta of 1.21.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.12. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.05 billion. Knight-Swift Transportation had a net margin of 0.56% and a return on equity of 3.51%. Knight-Swift Transportation’s revenue was up 12.6% compared to the same quarter last year. During the same period last year, the company posted $0.21 earnings per share. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. Sell-side analysts forecast that Knight-Swift Transportation will post 2.49 EPS for the current fiscal year.

Insider Transactions at Knight-Swift Transportation

In related news, CEO Reid Dove sold 126,864 shares of Knight-Swift Transportation stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $73.13, for a total transaction of $9,277,564.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Cary Flanagan sold 3,600 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $70.82, for a total value of $254,952.00. Following the completion of the sale, the chief accounting officer owned 5,405 shares in the company, valued at approximately $382,782.10. This represents a 39.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 224,954 shares of company stock worth $16,183,454 over the last three months. 2.90% of the stock is currently owned by insiders.

Institutional Trading of Knight-Swift Transportation

Several large investors have recently made changes to their positions in KNX. WINTON GROUP Ltd purchased a new position in shares of Knight-Swift Transportation during the 4th quarter valued at about $6,551,000. California Public Employees Retirement System boosted its stake in shares of Knight-Swift Transportation by 3.1% in the first quarter. California Public Employees Retirement System now owns 291,883 shares of the transportation company’s stock worth $16,807,000 after buying an additional 8,653 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Knight-Swift Transportation by 36.1% in the first quarter. First Trust Advisors LP now owns 523,801 shares of the transportation company’s stock worth $30,160,000 after buying an additional 138,949 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Knight-Swift Transportation during the second quarter worth about $3,811,000. Finally, Great Lakes Advisors LLC acquired a new stake in Knight-Swift Transportation during the second quarter worth about $8,790,000. 88.77% of the stock is owned by hedge funds and other institutional investors.

About Knight-Swift Transportation

Knight-Swift Transportation Holdings Inc (NYSE: KNX) is a transportation and logistics company that provides freight services across North America. Its operations include truckload transportation, less-than-truckload shipping, logistics and intermodal services, supporting the movement of consumer, industrial and other commercial goods.

The company operates a broad network of tractors, trailers, terminals and distribution facilities. Its truckload business provides dedicated and irregular-route services, while its less-than-truckload operations consolidate shipments from multiple customers.