Knight-Swift Transportation (NYSE:KNX) Stock Price Target Cut by JPMorgan Chase & Co.

Key Points

• JPMorgan cut Knight-Swift Transportation’s price target from $84 to $68 while maintaining a neutral rating, implying roughly 3.35% upside from the stock’s $65.80 price.
• Despite mixed analyst actions, Knight-Swift retains a consensus “Moderate Buy” rating and an average price target of $84.17.
• The company exceeded quarterly earnings and revenue expectations, but insiders have sold approximately $16.2 million of stock over the past 90 days.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) had its price target decreased by equities research analysts at JPMorgan Chase & Co. from $84.00 to $68.00 in a report released on Monday, Benzinga reports. The firm presently has a "neutral" rating on the transportation company's stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 3.35% from the stock's current price.

KNX has been the subject of several other reports. Citigroup restated a "market outperform" rating on shares of Knight-Swift Transportation in a research report on Wednesday, August 26th. Morgan Stanley set a $90.00 price target on shares of Knight-Swift Transportation in a research note on Wednesday, September 2nd. Zacks Research lowered shares of Knight-Swift Transportation from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 31st. Wall Street Zen cut Knight-Swift Transportation from a "buy" rating to a "hold" rating in a report on Saturday, August 29th. Finally, Sanford C. Bernstein started coverage on Knight-Swift Transportation in a research note on Thursday, September 10th. They issued an "outperform" rating and a $91.00 target price for the company. Two investment 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. Based on data from MarketBeat.com, Knight-Swift Transportation has a consensus rating of "Moderate Buy" and a consensus target price of $84.17.

Knight-Swift Transportation Stock Down 1.4%

KNX traded down $0.96 on Monday, hitting $65.80. 812,797 shares of the company were exchanged, compared to its average volume of 3,671,078. The stock's fifty day moving average is $68.73 and its 200-day moving average is $68.78. Knight-Swift Transportation has a 12 month low of $41.24 and a 12 month high of $82.86. 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 company has a market cap of $10.71 billion, a PE ratio of 252.44, a PEG ratio of 0.55 and a beta of 1.21.

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

Insider Activity

In related news, CAO Cary M. Flanagan sold 3,600 shares of the firm'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 sale, the chief accounting officer directly 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. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David Vander Ploeg sold 2,200 shares of Knight-Swift Transportation stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $52.33, for a total transaction of $115,126.00. Following the sale, the director directly owned 30,252 shares of the company's stock, valued at $1,583,087.16. This represents a 6.78% 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 sold 224,954 shares of company stock worth $16,183,454. 2.90% of the stock is owned by company insiders.

Institutional Trading of Knight-Swift Transportation

Several hedge funds and other institutional investors have recently bought and sold shares of KNX. QRG Capital Management Inc. raised its position in Knight-Swift Transportation by 11.1% in the 2nd quarter. QRG Capital Management Inc. now owns 9,951 shares of the transportation company's stock worth $775,000 after purchasing an additional 991 shares during the period. Envestnet Portfolio Solutions Inc. bought a new position in shares of Knight-Swift Transportation during the second quarter valued at approximately $203,000. MCF Advisors LLC lifted its position in shares of Knight-Swift Transportation by 55.8% in the 2nd quarter. MCF Advisors LLC now owns 676 shares of the transportation company's stock worth $53,000 after purchasing an additional 242 shares during the period. Engineers Gate Manager LP boosted 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 valued at $13,646,000 after acquiring an additional 61,706 shares in the last quarter. Finally, Cidel Asset Management Inc. purchased a new stake in Knight-Swift Transportation in the second quarter worth $208,000. 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 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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