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

Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Get Free Report) have received an average rating of "Moderate Buy" from the sixteen ratings firms that are presently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $53.13.

A number of analysts have recently issued reports on the stock. TD Cowen reduced their price objective 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. Evercore ISI reduced their price objective on shares of Knight-Swift Transportation from $49.00 to $44.00 and set an "in-line" rating for the company in a research note on Thursday, April 24th. JPMorgan Chase & Co. reduced their price objective on shares of Knight-Swift Transportation from $49.00 to $46.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Susquehanna upped their target price on shares of Knight-Swift Transportation from $45.00 to $52.00 and gave the stock a "positive" rating in a research report on Tuesday, June 24th. Finally, Citigroup upped their target price on shares of Knight-Swift Transportation from $48.00 to $53.00 and gave the stock a "buy" rating in a research report on Friday, May 30th.

Knight-Swift Transportation Stock Performance

KNX stock traded up $0.90 during midday trading on Thursday, reaching $45.12. 2,536,222 shares of the company's stock traded hands, compared to its average volume of 2,379,638. The stock's 50-day moving average is $43.02 and its 200 day moving average is $47.56. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.30. The stock has a market cap of $7.31 billion, a P/E ratio of 48.00, a PEG ratio of 0.67 and a beta of 1.18. Knight-Swift Transportation has a 52-week low of $36.69 and a 52-week high of $61.51.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.03. The firm had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.83 billion. Knight-Swift Transportation had a net margin of 2.04% and a return on equity of 2.79%. The company's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.12 earnings per share. As a group, analysts anticipate that Knight-Swift Transportation will post 2.13 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Stockholders of record on Monday, June 9th were issued a $0.18 dividend. The ex-dividend date was Monday, June 9th. This represents a $0.72 annualized dividend and a dividend yield of 1.60%. Knight-Swift Transportation's dividend payout ratio (DPR) is presently 76.60%.

Institutional Investors Weigh In On Knight-Swift Transportation

Institutional investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Knight-Swift Transportation by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,175,335 shares of the transportation company's stock worth $62,340,000 after acquiring an additional 28,387 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Knight-Swift Transportation by 533.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 33,614 shares of the transportation company's stock worth $1,462,000 after acquiring an additional 28,311 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Knight-Swift Transportation in the 4th quarter worth about $240,000. Proficio Capital Partners LLC bought a new stake in shares of Knight-Swift Transportation in the 4th quarter worth about $749,000. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Knight-Swift Transportation by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 18,968 shares of the transportation company's stock worth $824,000 after acquiring an additional 510 shares during the last quarter. 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.