Citigroup Has Lowered Expectations for Knight-Swift Transportation (NYSE:KNX) Stock Price

Key Points

• Citigroup cut Knight-Swift Transportation’s price target from $90 to $81 but maintained a “buy” rating, implying roughly 28% upside from the stock’s reported $63.49 price.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and average price target of $83.39, although several firms have recently reduced their targets.
• Knight-Swift exceeded quarterly earnings and revenue expectations, while insiders sold approximately $16.2 million of stock over the past 90 days; institutional investors own 88.77% of shares.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) had its price objective lowered by equities research analysts at Citigroup from $90.00 to $81.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has a "buy" rating on the transportation company's stock. Citigroup's price target indicates a potential upside of 27.57% from the stock's current price.

KNX has been the topic of a number of other research reports. Sanford C. Bernstein initiated coverage on Knight-Swift Transportation in a report on Thursday, September 10th. They set an "outperform" rating and a $91.00 price objective on the stock. Susquehanna decreased their target price on shares of Knight-Swift Transportation from $96.00 to $85.00 and set a "positive" rating on the stock in a research report on Friday, October 2nd. JPMorgan Chase & Co. lowered their price target on shares of Knight-Swift Transportation from $84.00 to $68.00 and set a "neutral" rating on the stock in a research note on Monday. Wall Street Zen downgraded shares of Knight-Swift Transportation from a "buy" rating to a "hold" rating in a report on Saturday, August 29th. Finally, Morgan Stanley set a $90.00 price objective on shares of Knight-Swift Transportation in a research note on Wednesday, September 2nd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $83.39.

Knight-Swift Transportation Stock Performance

NYSE KNX traded down $1.14 during trading hours on Wednesday, hitting $63.49. 1,184,221 shares of the stock were exchanged, compared to its average volume of 3,665,648. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.32. The company has a market cap of $10.33 billion, a price-to-earnings ratio of 244.47, a price-to-earnings-growth ratio of 0.54 and a beta of 1.21. Knight-Swift Transportation has a 12-month low of $41.24 and a 12-month high of $82.86. The stock has a 50-day moving average of $68.51 and a 200 day moving average of $68.96.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its earnings results on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.12. The company had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $2.05 billion. Knight-Swift Transportation had a return on equity of 3.51% and a net margin of 0.56%.The firm's quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.21 EPS. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. As a group, equities research analysts forecast that Knight-Swift Transportation will post 2.49 earnings per share for the current year.

Insider Transactions at Knight-Swift Transportation

In related news, CEO Reid Dove sold 126,864 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $73.13, for a total value of $9,277,564.32. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Cary M. Flanagan sold 3,600 shares of the firm's stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $70.82, for a total transaction of $254,952.00. Following the transaction, the chief accounting officer owned 5,405 shares of the company's stock, valued at $382,782.10. This trade represents a 39.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 224,954 shares of company stock valued at $16,183,454 in the last 90 days. 2.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its holdings in Knight-Swift Transportation by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,458,088 shares of the transportation company's stock valued at $486,995,000 after buying an additional 60,750 shares during the last quarter. Manning & Napier Advisors LLC purchased a new stake in shares of Knight-Swift Transportation in the second quarter valued at $173,669,000. Brandes Investment Partners LP lifted its position in shares of Knight-Swift Transportation by 12.3% in the fourth quarter. Brandes Investment Partners LP now owns 1,414,368 shares of the transportation company's stock valued at $73,943,000 after acquiring an additional 154,525 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Knight-Swift Transportation by 20.1% during the fourth quarter. Bank of New York Mellon Corp now owns 1,385,655 shares of the transportation company's stock valued at $72,442,000 after acquiring an additional 231,806 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Knight-Swift Transportation by 24.7% during the first quarter. Sei Investments Co. now owns 842,644 shares of the transportation company's stock valued at $48,519,000 after acquiring an additional 166,919 shares during the last quarter. 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.

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