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

Key Points

• Evercore ISI has lowered its price target for Knight-Swift Transportation stock from $47.00 to $42.00, maintaining an "in-line" rating, which suggests a potential upside of 6.97% from the current price.
• Other analysts' ratings have varied, with JPMorgan Chase boosting their target to $52.00 and Bank of America lowering theirs to $41.00, highlighting a mix of opinions on the stock's future performance.
• Knight-Swift Transportation reported $0.35 earnings per share in its last earnings announcement, slightly surpassing analysts' estimates, though revenue for the quarter fell short of expectations.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) had its price target decreased by equities researchers at Evercore ISI from $47.00 to $42.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an "in-line" rating on the transportation company's stock. Evercore ISI's target price would indicate a potential upside of 6.97% from the stock's current price.

Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. boosted their target price on shares of Knight-Swift Transportation from $45.00 to $52.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Bank of America reduced their price objective on shares of Knight-Swift Transportation from $49.00 to $41.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 24th. Susquehanna cut shares of Knight-Swift Transportation from a "positive" rating to a "neutral" rating and reduced their price objective for the stock from $52.00 to $43.00 in a research note on Wednesday, September 24th. UBS Group cut shares of Knight-Swift Transportation from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from $46.00 to $51.00 in a research note on Friday, September 5th. Finally, Citigroup boosted their price objective on shares of Knight-Swift Transportation from $53.00 to $54.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Knight-Swift Transportation currently has an average rating of "Moderate Buy" and a consensus target price of $53.00.

Knight-Swift Transportation Price Performance

Shares of NYSE KNX traded down $0.89 during midday trading on Tuesday, reaching $39.26. 996,841 shares of the company were exchanged, compared to its average volume of 2,811,999. The stock's 50-day moving average price is $42.56 and its 200-day moving average price is $43.09. The stock has a market cap of $6.37 billion, a P/E ratio of 38.50, a PEG ratio of 0.66 and a beta of 1.19. 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 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.30.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. The firm had revenue of $1.86 billion for 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%. The company's revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.24 earnings per share. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. On average, sell-side analysts anticipate that Knight-Swift Transportation will post 2.13 earnings per share for the current fiscal year.

Insider Transactions at Knight-Swift Transportation

In other Knight-Swift Transportation news, EVP Michael K. Liu sold 3,420 shares of Knight-Swift Transportation stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $43.41, for a total transaction of $148,462.20. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Knight-Swift Transportation

A number of hedge funds have recently bought and sold shares of KNX. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Knight-Swift Transportation during the 4th quarter worth $2,796,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Knight-Swift Transportation during the 4th quarter worth $240,000. GAMMA Investing LLC raised its stake in shares of Knight-Swift Transportation by 3,369.4% during the 1st quarter. GAMMA Investing LLC now owns 46,317 shares of the transportation company's stock worth $2,014,000 after purchasing an additional 44,982 shares during the period. Merit Financial Group LLC bought a new stake in shares of Knight-Swift Transportation during the 1st quarter worth $791,000. Finally, UMB Bank n.a. raised its stake in shares of Knight-Swift Transportation by 40.0% during the 1st quarter. UMB Bank n.a. now owns 1,133 shares of the transportation company's stock worth $49,000 after purchasing an additional 324 shares during the period. 88.77% of the stock is owned by hedge funds and other institutional investors.

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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