Knight-Swift Transportation (NYSE:KNX) Given New $48.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has reduced its price target for Knight-Swift Transportation from $52.00 to $48.00, while maintaining a "neutral" rating on the stock.
• The current consensus rating for Knight-Swift Transportation is "Moderate Buy," with a consensus target price of approximately $51.94.
• In recent trading, Knight-Swift Transportation's stock increased by 7.0%, reaching a price of $45.78 during midday trading.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) had its price target reduced by stock analysts at JPMorgan Chase & Co. from $52.00 to $48.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a "neutral" rating on the transportation company's stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 4.86% from the company's previous close.

KNX has been the topic of a number of other research reports. Bank of America cut their price target 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. Evercore ISI cut their price target on shares of Knight-Swift Transportation from $47.00 to $42.00 and set an "in-line" rating on the stock in a research note on Tuesday, September 30th. Baird R W upgraded shares of Knight-Swift Transportation to a "strong-buy" rating in a research note on Tuesday, July 1st. Deutsche Bank Aktiengesellschaft upgraded shares of Knight-Swift Transportation from a "hold" rating to a "buy" rating and increased their price objective for the stock from $43.00 to $53.00 in a research note on Thursday, October 2nd. Finally, Morgan Stanley cut their price objective on shares of Knight-Swift Transportation from $68.00 to $67.00 and set an "overweight" rating on the stock in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Knight-Swift Transportation presently has a consensus rating of "Moderate Buy" and a consensus target price of $51.94.

Knight-Swift Transportation Stock Up 7.0%

NYSE:KNX traded up $2.99 during midday trading on Wednesday, reaching $45.78. 6,885,576 shares of the stock traded hands, compared to its average volume of 2,883,238. Knight-Swift Transportation has a 12-month low of $36.69 and a 12-month high of $61.51. The business has a 50-day moving average of $42.10 and a two-hundred day moving average of $42.92. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market capitalization of $7.43 billion, a PE ratio of 44.88, a price-to-earnings-growth ratio of 0.74 and a beta of 1.14.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. Knight-Swift Transportation had a net margin of 2.22% and a return on equity of 3.03%. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the business posted $0.24 EPS. Knight-Swift Transportation's revenue for the quarter was up .8% compared to the same quarter last year. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. On average, equities analysts forecast 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 the 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 can be accessed through this hyperlink. 3.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Knight-Swift Transportation

Several hedge funds and other institutional investors have recently modified their holdings of KNX. AQR Capital Management LLC lifted its stake in shares of Knight-Swift Transportation by 8,856.8% in the first quarter. AQR Capital Management LLC now owns 1,647,150 shares of the transportation company's stock worth $70,704,000 after buying an additional 1,628,760 shares in the last quarter. Norges Bank acquired a new stake in Knight-Swift Transportation during the second quarter worth about $59,407,000. Clean Energy Transition LLP acquired a new stake in Knight-Swift Transportation during the second quarter worth about $51,817,000. Cubist Systematic Strategies LLC increased its position in Knight-Swift Transportation by 102,633.9% during the first quarter. Cubist Systematic Strategies LLC now owns 922,805 shares of the transportation company's stock worth $40,133,000 after purchasing an additional 923,705 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Knight-Swift Transportation by 72.1% during the second quarter. Bank of New York Mellon Corp now owns 2,160,475 shares of the transportation company's stock worth $95,558,000 after purchasing an additional 904,903 shares during the last quarter. 88.77% of the stock is owned by hedge funds and other 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.

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