Brokerages Set Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Target Price at $50.60

Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the sixteen analysts that are presently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $50.60.

A number of equities research analysts have recently weighed in on KNX shares. Raymond James cut their price target on Knight-Swift Transportation from $66.00 to $55.00 and set a "strong-buy" rating on the stock in a report on Friday, April 11th. Citigroup upgraded Knight-Swift Transportation from a "neutral" rating to a "buy" rating and reduced their price target for the stock from $53.00 to $48.00 in a research report on Tuesday, April 8th. Stifel Nicolaus decreased their price target on Knight-Swift Transportation from $57.00 to $49.00 and set a "hold" rating for the company in a research note on Monday, April 14th. The Goldman Sachs Group cut their price objective on shares of Knight-Swift Transportation from $55.00 to $45.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Finally, TD Securities decreased 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.

Knight-Swift Transportation Stock Performance

KNX traded down $0.74 on Wednesday, hitting $42.43. 2,931,917 shares of the company's stock were exchanged, compared to its average volume of 2,312,489. 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 stock has a fifty day moving average of $42.54 and a two-hundred day moving average of $50.62. Knight-Swift Transportation has a twelve month low of $36.69 and a twelve month high of $61.51. The firm has a market cap of $6.87 billion, a PE ratio of 58.12 and a beta of 1.18.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share (EPS) for the quarter, topping 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 quarter last year, the business posted $0.12 EPS. On average, research analysts anticipate that Knight-Swift Transportation will post 2.13 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Monday, June 9th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Monday, June 9th. Knight-Swift Transportation's payout ratio is 76.60%.

Insider Transactions at Knight-Swift Transportation

In other Knight-Swift Transportation news, Director Douglas L. Col purchased 5,000 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average cost of $45.37 per share, with a total value of $226,850.00. Following the completion of the transaction, the director now owns 5,000 shares of the company's stock, valued at approximately $226,850. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Knight-Swift Transportation

Several institutional investors and hedge funds have recently bought and sold shares of KNX. Larson Financial Group LLC boosted its holdings in shares of Knight-Swift Transportation by 9,383.3% during the first 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. Parkside Financial Bank & Trust boosted its stake in shares of Knight-Swift Transportation by 88.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company's stock valued at $36,000 after buying an additional 322 shares during the period. UMB Bank n.a. grew its holdings in shares of Knight-Swift Transportation by 84.3% during the 4th quarter. UMB Bank n.a. now owns 809 shares of the transportation company's stock valued at $43,000 after acquiring an additional 370 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of Knight-Swift Transportation by 20.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company's stock worth $67,000 after acquiring an additional 213 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Knight-Swift Transportation by 18.5% during the fourth quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company's stock worth $71,000 after acquiring an additional 208 shares in the last quarter. Hedge funds and other institutional investors 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.