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

Key Points

• Susquehanna cut Knight-Swift Transportation’s price target from $96 to $85 but maintained a positive rating, implying roughly 30% upside from the reported $65.46 share price.
• Analyst sentiment remains broadly favorable: MarketBeat reports a “Moderate Buy” consensus rating and an average price target of $85.06, despite one recent downgrade to “Hold.”
• Knight-Swift exceeded quarterly expectations with $0.63 in EPS versus a $0.51 consensus estimate and $2.10 billion in revenue; however, insiders sold more than $16 million of stock over the past 90 days.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) had its price objective lowered by stock analysts at Susquehanna from $96.00 to $85.00 in a report released on Friday, Benzinga reports. The firm presently has a "positive" rating on the transportation company's stock. Susquehanna's price target would suggest a potential upside of 29.85% from the company's current price.

Other analysts also recently issued reports about the company. Zacks Research downgraded Knight-Swift Transportation from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 31st. Barclays boosted their price objective on shares of Knight-Swift Transportation from $75.00 to $90.00 and gave the company an "overweight" rating in a research report on Thursday, June 25th. Sanford C. Bernstein assumed coverage on shares of Knight-Swift Transportation in a research note on Thursday, September 10th. They issued an "outperform" rating and a $91.00 target price on the stock. Citigroup restated a "market outperform" rating on shares of Knight-Swift Transportation in a report on Wednesday, August 26th. Finally, Stephens raised shares of Knight-Swift Transportation to a "strong-buy" rating in a research note on Wednesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $85.06.

Knight-Swift Transportation Trading Up 2.9%

Shares of KNX stock opened at $65.46 on Friday. Knight-Swift Transportation has a 1 year low of $39.06 and a 1 year high of $82.86. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.88 and a quick ratio of 0.88. The stock's 50 day simple moving average is $68.84 and its two-hundred day simple moving average is $68.69. The company has a market cap of $10.65 billion, a PE ratio of 251.79, a price-to-earnings-growth ratio of 0.53 and a beta of 1.21.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted 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 business had revenue of $2.10 billion during 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 company's revenue for the quarter was up 12.6% on a year-over-year basis. During the same period last year, the company earned $0.21 EPS. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. Research analysts predict that Knight-Swift Transportation will post 2.49 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Reid Dove sold 126,864 shares of Knight-Swift Transportation stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $73.13, for a total transaction of $9,277,564.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Vander Ploeg sold 2,200 shares of the business's stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $52.33, for a total transaction of $115,126.00. Following the completion of the sale, the director directly owned 30,252 shares of the company's stock, valued at approximately $1,583,087.16. This trade represents a 6.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 224,954 shares of company stock valued at $16,183,454 in the last 90 days. Company insiders own 2.90% of the company's stock.

Institutional Trading of Knight-Swift Transportation

A number of large investors have recently modified their holdings of KNX. Dimensional Fund Advisors LP increased 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 worth $486,995,000 after purchasing an additional 60,750 shares during the period. Manning & Napier Advisors LLC bought a new position in shares of Knight-Swift Transportation during the 2nd quarter worth $173,669,000. Norges Bank bought a new position in shares of Knight-Swift Transportation during the 4th quarter worth $92,070,000. Brandes Investment Partners LP grew its position in shares of Knight-Swift Transportation by 12.3% during the 4th quarter. Brandes Investment Partners LP now owns 1,414,368 shares of the transportation company's stock worth $73,943,000 after buying an additional 154,525 shares in the last quarter. Finally, Bank of New York Mellon Corp increased 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 buying an additional 231,806 shares during the period. Hedge funds and other institutional investors own 88.77% of the company's stock.

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.

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.