Citigroup Raises Knight-Swift Transportation (NYSE:KNX) Price Target to $53.00

Knight-Swift Transportation (NYSE:KNX - Get Free Report) had its target price boosted by Citigroup from $48.00 to $53.00 in a research report issued on Friday, MarketBeat reports. The brokerage currently has a "buy" rating on the transportation company's stock. Citigroup's price objective points to a potential upside of 19.53% from the company's previous close.

A number of other equities research analysts have also recently issued reports on the stock. TD Cowen lowered their target price on shares of Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Evercore ISI lowered their target price on shares of Knight-Swift Transportation from $49.00 to $44.00 and set an "in-line" rating on the stock in a report on Thursday, April 24th. Wells Fargo & Company boosted their target price on shares of Knight-Swift Transportation from $46.00 to $50.00 and gave the company an "overweight" rating in a report on Wednesday. Benchmark reissued a "buy" rating and set a $63.00 target price on shares of Knight-Swift Transportation in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Knight-Swift Transportation from $49.00 to $46.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $51.33.

Knight-Swift Transportation Stock Performance

Shares of NYSE:KNX traded up $0.13 during mid-day trading on Friday, reaching $44.34. The company had a trading volume of 2,831,935 shares, compared to its average volume of 2,335,271. The company has a current ratio of 0.85, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. The firm has a market cap of $7.19 billion, a price-to-earnings ratio of 60.74 and a beta of 1.18. The company's 50-day moving average price is $41.95 and its 200-day moving average price is $49.42. Knight-Swift Transportation has a one year low of $36.69 and a one year high of $61.51.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. The company had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $1.83 billion. During the same quarter in the previous year, the firm posted $0.12 EPS. Knight-Swift Transportation's revenue was up 1.3% on a year-over-year basis. As a group, equities research analysts anticipate that Knight-Swift Transportation will post 2.13 EPS for the current fiscal year.

Insider Buying and Selling

In other Knight-Swift Transportation news, Director Douglas L. Col purchased 5,000 shares of the business's stock in a transaction on Thursday, March 13th. The stock was acquired at an average cost of $45.37 per share, for a total transaction of $226,850.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $226,850. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 3.00% of the stock is owned by company insiders.

Institutional Trading of Knight-Swift Transportation

Institutional investors have recently added to or reduced their stakes in the business. Strs Ohio bought a new position in shares of Knight-Swift Transportation during the first quarter valued at about $20,123,000. Focus Partners Wealth bought a new position in shares of Knight-Swift Transportation during the first quarter valued at about $451,000. Dean Capital Management raised its stake in shares of Knight-Swift Transportation by 2.4% during the first quarter. Dean Capital Management now owns 29,499 shares of the transportation company's stock valued at $1,283,000 after acquiring an additional 684 shares during the last quarter. Great Lakes Advisors LLC raised its stake in shares of Knight-Swift Transportation by 4.3% during the first quarter. Great Lakes Advisors LLC now owns 21,185 shares of the transportation company's stock valued at $921,000 after acquiring an additional 880 shares during the last quarter. Finally, Caxton Associates LLP bought a new position in shares of Knight-Swift Transportation during the first quarter valued at about $519,000. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

About Knight-Swift Transportation

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.