Knight-Swift Transportation (NYSE:KNX) Stock Price Expected to Rise, Citigroup Analyst Says

Knight-Swift Transportation (NYSE:KNX - Get Free Report) had its price target upped by investment analysts at Citigroup from $48.00 to $53.00 in a research note issued to investors on Friday, Marketbeat reports. The brokerage currently has a "buy" rating on the transportation company's stock. Citigroup's price objective would suggest a potential upside of 18.44% from the stock's current price.

A number of other brokerages have also weighed in on KNX. TD Securities dropped their target price on shares of Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Susquehanna dropped their price objective on shares of Knight-Swift Transportation from $54.00 to $45.00 and set a "positive" rating for the company in a report on Thursday, April 24th. Bank of America raised their price objective on Knight-Swift Transportation from $43.00 to $48.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Stifel Nicolaus decreased their target price on Knight-Swift Transportation from $57.00 to $49.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Finally, Benchmark restated a "buy" rating and set a $63.00 price target on shares of Knight-Swift Transportation in a report on Monday, April 14th. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $52.67.

Knight-Swift Transportation Stock Performance

NYSE:KNX traded up $0.71 during mid-day trading on Friday, hitting $44.75. 2,363,042 shares of the company traded hands, compared to its average volume of 2,334,148. Knight-Swift Transportation has a one year low of $36.69 and a one year high of $61.51. The company has a quick ratio of 1.01, a current ratio of 0.85 and a debt-to-equity ratio of 0.30. The firm has a market cap of $7.25 billion, a price-to-earnings ratio of 61.30 and a beta of 1.18. The stock's fifty day moving average price is $41.94 and its 200-day moving average price is $49.34.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.25 by $0.03. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.83 billion. Knight-Swift Transportation had a return on equity of 2.43% and a net margin of 1.59%. The business's revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.12 earnings per share. Research analysts anticipate that Knight-Swift Transportation will post 2.13 earnings per share for the current fiscal year.

Insider Activity at Knight-Swift Transportation

In other news, Director Douglas L. Col purchased 5,000 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were purchased at an average price of $45.37 per share, for a total transaction of $226,850.00. Following the completion of the purchase, the director now owns 5,000 shares in the company, valued at approximately $226,850. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 3.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Voya Investment Management LLC lifted its position in shares of Knight-Swift Transportation by 0.9% in the 4th quarter. Voya Investment Management LLC now owns 20,550 shares of the transportation company's stock worth $1,090,000 after purchasing an additional 192 shares during the period. Benjamin Edwards Inc. lifted its holdings in Knight-Swift Transportation by 3.3% during the fourth quarter. Benjamin Edwards Inc. now owns 6,687 shares of the transportation company's stock worth $355,000 after buying an additional 216 shares during the period. Signaturefd LLC boosted its position in Knight-Swift Transportation by 8.5% during the 4th quarter. Signaturefd LLC now owns 2,769 shares of the transportation company's stock valued at $147,000 after acquiring an additional 218 shares in the last quarter. Bessemer Group Inc. boosted its position in Knight-Swift Transportation by 6.1% during the 4th quarter. Bessemer Group Inc. now owns 3,882 shares of the transportation company's stock valued at $206,000 after acquiring an additional 222 shares in the last quarter. Finally, Concurrent Investment Advisors LLC increased its holdings in shares of Knight-Swift Transportation by 4.6% in the 4th quarter. Concurrent Investment Advisors LLC now owns 5,301 shares of the transportation company's stock valued at $281,000 after acquiring an additional 235 shares during the period. 88.77% of the stock is currently owned by 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.