Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the seventeen brokerages that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $53.06.

A number of equities analysts recently weighed in on the stock. Robert W. Baird began coverage on shares of Knight-Swift Transportation in a research report on Tuesday, July 1st. They set an "outperform" rating and a $55.00 price objective for the company. The Goldman Sachs Group raised shares of Knight-Swift Transportation from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $45.00 to $65.00 in a research report on Monday, June 2nd. UBS Group lowered their price objective on shares of Knight-Swift Transportation from $63.00 to $46.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. TD Cowen reduced 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 note on Thursday, April 24th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Knight-Swift Transportation from $46.00 to $45.00 and set a "neutral" rating for the company in a research note on Tuesday, July 8th.

Knight-Swift Transportation Trading Down 0.3%

Shares of NYSE:KNX traded down $0.15 during trading on Monday, reaching $44.51. The company's stock had a trading volume of 1,881,965 shares, compared to its average volume of 2,415,131. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.30. Knight-Swift Transportation has a 12 month low of $36.69 and a 12 month high of $61.51. The firm's 50 day simple moving average is $44.89 and its two-hundred day simple moving average is $46.85. The stock has a market capitalization of $7.21 billion, a PE ratio of 36.61, a price-to-earnings-growth ratio of 0.67 and a beta of 1.17.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.03. Knight-Swift Transportation had a net margin of 2.04% and a return on equity of 2.79%. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same period last year, the company posted $0.12 earnings per share. Knight-Swift Transportation's revenue was up 1.3% compared to the same quarter last year. On average, research analysts predict that Knight-Swift Transportation will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Monday, June 9th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, June 9th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.62%. Knight-Swift Transportation's payout ratio is 76.60%.

Institutional Investors Weigh In On Knight-Swift Transportation

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Larson Financial Group LLC raised its holdings in Knight-Swift Transportation by 9,383.3% in the 1st quarter. Larson Financial Group LLC now owns 569 shares of the transportation company's stock worth $25,000 after purchasing an additional 563 shares during the period. Brooklyn Investment Group raised its holdings in Knight-Swift Transportation by 93.4% during the first quarter. Brooklyn Investment Group now owns 642 shares of the transportation company's stock valued at $28,000 after acquiring an additional 310 shares during the period. UMB Bank n.a. raised its holdings in Knight-Swift Transportation by 40.0% during the first quarter. UMB Bank n.a. now owns 1,133 shares of the transportation company's stock valued at $49,000 after acquiring an additional 324 shares during the period. Oliver Lagore Vanvalin Investment Group bought a new stake in Knight-Swift Transportation during the second quarter valued at about $55,000. Finally, Quarry LP raised its holdings in Knight-Swift Transportation by 41.6% during the fourth quarter. Quarry LP now owns 1,701 shares of the transportation company's stock valued at $90,000 after acquiring an additional 500 shares during the period. Institutional investors own 88.77% of the company's stock.

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.