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

Key Points

• Barclays has lowered its price target for Knight-Swift Transportation's stock from $55.00 to $50.00, while maintaining an "overweight" rating, suggesting a potential upside of 28.23% from the company's previous close.
• Other analysts have mixed views; Deutsche Bank upgraded its rating to "buy" with a target of $53.00, while Bank of America reduced its target to $41.00.
• Knight-Swift reported a quarterly earnings of $0.35 per share, surpassing analyst expectations, although its revenue fell short of the projected $1.87 billion, coming in at $1.86 billion.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) had its price objective reduced by stock analysts at Barclays from $55.00 to $50.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the transportation company's stock. Barclays's target price suggests a potential upside of 28.23% from the company's previous close.

A number of other research analysts have also recently commented on KNX. Deutsche Bank Aktiengesellschaft raised shares of Knight-Swift Transportation from a "hold" rating to a "buy" rating and increased their target price for the stock from $43.00 to $53.00 in a report on Thursday. Bank of America dropped their target price on shares of Knight-Swift Transportation from $49.00 to $41.00 and set a "neutral" rating for the company in a report on Wednesday, September 24th. Robert W. Baird increased their target price on shares of Knight-Swift Transportation from $55.00 to $60.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Citigroup upped their price objective on Knight-Swift Transportation from $53.00 to $54.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Finally, Raymond James Financial upped their price objective on Knight-Swift Transportation from $50.00 to $55.00 and gave the company a "strong-buy" rating in a research note on Tuesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Knight-Swift Transportation presently has an average rating of "Moderate Buy" and a consensus price target of $52.71.

Knight-Swift Transportation Trading Down 1.3%

KNX opened at $38.99 on Thursday. Knight-Swift Transportation has a twelve month low of $36.69 and a twelve month high of $61.51. The company has a 50-day simple moving average of $42.32 and a 200 day simple moving average of $43.03. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $6.33 billion, a price-to-earnings ratio of 38.23, a P/E/G ratio of 0.66 and a beta of 1.14.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. The business had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.87 billion. Knight-Swift Transportation had a net margin of 2.22% and a return on equity of 3.03%. Knight-Swift Transportation's revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.24 earnings per share. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. Analysts predict that Knight-Swift Transportation will post 2.13 EPS for the current fiscal year.

Insider Activity at Knight-Swift Transportation

In other news, EVP Michael K. Liu sold 3,420 shares of the firm's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $43.41, for a total transaction of $148,462.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is currently owned by company insiders.

Institutional Trading of Knight-Swift Transportation

Large investors have recently modified their holdings of the stock. Cerity Partners LLC grew its position in shares of Knight-Swift Transportation by 611.7% during the 1st quarter. Cerity Partners LLC now owns 34,074 shares of the transportation company's stock worth $1,482,000 after buying an additional 29,286 shares during the period. Aviance Capital Partners LLC grew its position in shares of Knight-Swift Transportation by 6.3% during the 1st quarter. Aviance Capital Partners LLC now owns 110,932 shares of the transportation company's stock worth $4,824,000 after buying an additional 6,592 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Knight-Swift Transportation by 668.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,743 shares of the transportation company's stock worth $1,511,000 after buying an additional 30,219 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Knight-Swift Transportation by 533.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 33,614 shares of the transportation company's stock worth $1,462,000 after buying an additional 28,311 shares during the period. Finally, Washington Capital Management Inc. bought a new position in shares of Knight-Swift Transportation in the 2nd quarter worth $464,000. Institutional investors and hedge funds own 88.77% of the company's stock.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides freight transportation services in the United States and Mexico. The company operates through four segments: Truckload, Less-than-truckload (LTL), Logistics, and Intermodal. The Truckload segment provides transportation services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.

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