Wells Fargo & Company Cuts Knight-Swift Transportation (NYSE:KNX) Price Target to $81.00

Key Points

• Wells Fargo lowered Knight-Swift Transportation’s price target from $86 to $81 while maintaining an “overweight” rating, implying approximately 24.55% upside from the stock’s $65.03 price.
• Analyst sentiment remains favorable overall: Knight-Swift has a “Moderate Buy” consensus rating and an average price target of $83.89, despite mixed recent target revisions.
• The company exceeded quarterly expectations with $0.63 EPS versus the $0.51 consensus and $2.10 billion in revenue, up 12.6% year over year; however, insiders sold more than $16 million of stock over the past three months.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) had its price target decreased by stock analysts at Wells Fargo & Company from $86.00 to $81.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has an "overweight" rating on the transportation company's stock. Wells Fargo & Company's target price suggests a potential upside of 24.55% from the stock's current price.

KNX has been the topic of several other reports. Barclays boosted their price target on Knight-Swift Transportation from $75.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday, June 25th. Benchmark boosted their price objective on Knight-Swift Transportation from $75.00 to $90.00 and gave the company a "buy" rating in a research report on Thursday, July 9th. Susquehanna cut their price target on Knight-Swift Transportation from $96.00 to $85.00 and set a "positive" rating on the stock in a report on Friday. Stephens upgraded shares of Knight-Swift Transportation to a "strong-buy" rating in a research note on Wednesday, July 8th. Finally, Bank of America dropped their target price on Knight-Swift Transportation from $98.00 to $92.00 and set a "buy" rating on the stock in a report on Wednesday, September 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $83.89.

Knight-Swift Transportation Stock Performance

NYSE:KNX opened at $65.03 on Tuesday. Knight-Swift Transportation has a 1-year low of $41.24 and a 1-year high of $82.86. The firm has a 50 day simple moving average of $68.62 and a 200-day simple moving average of $68.88. The firm has a market cap of $10.58 billion, a PE ratio of 252.39, a P/E/G ratio of 0.55 and a beta of 1.21. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.88 and a quick ratio of 0.88.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.12. The firm 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% 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. On average, equities analysts expect that Knight-Swift Transportation will post 2.49 EPS for the current year.

Insider Activity

In other news, CEO Reid Dove sold 126,864 shares of the stock in a transaction on 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 SEC, which is accessible through the SEC website. Also, Director David Vander Ploeg sold 2,200 shares of the company'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 sale, the director 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 position. The SEC filing for this sale provides additional information. Insiders sold a total of 224,954 shares of company stock worth $16,183,454 in the last three months. 2.90% of the stock is owned by insiders.

Institutional Trading of Knight-Swift Transportation

Several hedge funds have recently added to or reduced their stakes in the business. Manning & Napier Advisors LLC bought a new position in Knight-Swift Transportation during the 2nd quarter valued at about $173,669,000. Encompass Capital Advisors LLC bought a new position in shares of Knight-Swift Transportation in the first quarter valued at about $28,790,000. Baird Financial Group Inc. lifted its position in Knight-Swift Transportation by 152.4% during the 2nd quarter. Baird Financial Group Inc. now owns 426,026 shares of the transportation company's stock worth $33,175,000 after buying an additional 257,256 shares in the last quarter. Bank of New York Mellon Corp grew 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 purchasing an additional 231,806 shares during the last quarter. Finally, Sei Investments Co. boosted its position in Knight-Swift Transportation by 24.7% in the 1st quarter. Sei Investments Co. now owns 842,644 shares of the transportation company's stock valued at $48,519,000 after buying an additional 166,919 shares during the last quarter. 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.

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