Knight-Swift Transportation (NYSE:KNX) Stock Gets Price Target Boost from Stifel Nicolaus

Key Points

• Stifel Nicolaus raised Knight-Swift Transportation’s price target from $88 to $90 and maintained a “buy” rating, implying approximately 39.6% upside from the reported $64.49 share price.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and an average price target of $83.50, although several firms recently lowered their targets.
• Knight-Swift reported quarterly earnings of $0.63 per share, exceeding the $0.51 consensus estimate, while revenue reached $2.10 billion, up 12.6% year over year. Institutional investors own 88.77% of the stock, while insiders have recently sold shares.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) had its price objective increased by analysts at Stifel Nicolaus from $88.00 to $90.00 in a report issued on Thursday, Benzinga reports. The firm presently has a "buy" rating on the transportation company's stock. Stifel Nicolaus' price objective points to a potential upside of 39.56% from the stock's current price.

Several other equities analysts also recently commented on KNX. Citigroup decreased their price target on shares of Knight-Swift Transportation from $90.00 to $81.00 and set a "buy" rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. decreased their target price on shares of Knight-Swift Transportation from $84.00 to $68.00 and set a "neutral" rating on the stock in a research report on Monday. Susquehanna lowered 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 report on Friday, October 2nd. Morgan Stanley set a $90.00 price target on Knight-Swift Transportation in a research note on Wednesday, September 2nd. Finally, Citizens Jmp started coverage on Knight-Swift Transportation in a research report on Wednesday, July 15th. They set a "market outperform" rating and a $90.00 price target on the stock. 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 presently has a consensus rating of "Moderate Buy" and a consensus price target of $83.50.

Knight-Swift Transportation Stock Performance

Shares of NYSE:KNX traded up $0.87 during trading on Thursday, reaching $64.49. 838,286 shares of the stock were exchanged, compared to its average volume of 3,656,290. Knight-Swift Transportation has a 12 month low of $41.24 and a 12 month high of $82.86. The firm has a market cap of $10.50 billion, a PE ratio of 247.58, a PEG ratio of 0.53 and a beta of 1.21. The stock has a 50-day moving average price of $68.36 and a 200-day moving average price of $69.03. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.32.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates 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 return on equity of 3.51% and a net margin of 0.56%.The firm's quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.21 earnings per share. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. Research analysts expect that Knight-Swift Transportation will post 2.49 EPS for the current fiscal year.

Insider Activity at Knight-Swift Transportation

In other Knight-Swift Transportation news, CAO Cary Flanagan sold 3,600 shares of Knight-Swift Transportation stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $70.82, for a total value of $254,952.00. Following the transaction, the chief accounting officer owned 5,405 shares in the company, valued at $382,782.10. The trade was a 39.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David Vander Ploeg sold 2,200 shares of the business's stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $52.33, for a total value of $115,126.00. Following the transaction, the director directly owned 30,252 shares of the company's stock, valued at approximately $1,583,087.16. The trade was a 6.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 224,954 shares of company stock valued at $16,183,454 over the last ninety days. 2.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Knight-Swift Transportation

A number of institutional investors have recently added to or reduced their stakes in the stock. QRG Capital Management Inc. increased its holdings in shares of Knight-Swift Transportation by 11.1% during the second quarter. QRG Capital Management Inc. now owns 9,951 shares of the transportation company's stock worth $775,000 after buying an additional 991 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Knight-Swift Transportation during the 2nd quarter valued at $203,000. MCF Advisors LLC boosted its holdings in shares of Knight-Swift Transportation by 55.8% during the 2nd quarter. MCF Advisors LLC now owns 676 shares of the transportation company's stock valued at $53,000 after acquiring an additional 242 shares in the last quarter. Engineers Gate Manager LP grew its position in Knight-Swift Transportation by 54.3% during the 2nd quarter. Engineers Gate Manager LP now owns 175,244 shares of the transportation company's stock worth $13,646,000 after acquiring an additional 61,706 shares during the last quarter. Finally, Cidel Asset Management Inc. bought a new stake in Knight-Swift Transportation during the 2nd quarter worth $208,000. 88.77% of the stock is currently owned by institutional investors and hedge funds.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.