Knight-Swift Transportation (NYSE:KNX) Given New $53.00 Price Target at Citigroup

Key Points

• Citigroup has lowered its price target for Knight-Swift Transportation from $54.00 to $53.00, maintaining a "buy" rating, indicating a potential upside of 23.69% from the current stock price.
• Other brokerages, including Morgan Stanley and Evercore ISI, have also reduced their price targets, reflecting a cautious outlook on the stock despite a generally positive analyst rating.
• Knight-Swift's quarterly earnings surpassed estimates, reporting $0.35 earnings per share, but fell short on revenue expectations, generating $1.86 billion against the predicted $1.87 billion.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) had its price objective lowered by Citigroup from $54.00 to $53.00 in a report issued on Monday,Benzinga reports. The firm currently has a "buy" rating on the transportation company's stock. Citigroup's price objective suggests a potential upside of 23.69% from the stock's current price.

Several other brokerages have also recently weighed in on KNX. Morgan Stanley reduced their price target on shares of Knight-Swift Transportation from $68.00 to $67.00 and set an "overweight" rating on the stock in a research report on Monday, October 6th. Evercore ISI reduced 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 report on Tuesday, September 30th. JPMorgan Chase & Co. reduced their price target on shares of Knight-Swift Transportation from $52.00 to $48.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 8th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Knight-Swift Transportation in a research note on Wednesday, October 8th. Finally, Zacks Research lowered shares of Knight-Swift Transportation from a "hold" rating to a "strong sell" rating in a research note on Friday, October 3rd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $51.88.

Knight-Swift Transportation Price Performance

Shares of Knight-Swift Transportation stock traded up $0.48 on Monday, hitting $42.85. 994,267 shares of the company traded hands, compared to its average volume of 2,930,290. The stock has a market capitalization of $6.95 billion, a P/E ratio of 42.03, a price-to-earnings-growth ratio of 0.74 and a beta of 1.14. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.89 and a current ratio of 0.89. Knight-Swift Transportation has a 52 week low of $36.69 and a 52 week high of $61.51. The business has a 50-day simple moving average of $42.23 and a 200 day simple moving average of $42.90.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $1.87 billion. During the same quarter in the previous year, the business posted $0.24 earnings per share. Knight-Swift Transportation's quarterly revenue was up .8% on a year-over-year basis. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. Research analysts expect that Knight-Swift Transportation will post 2.13 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Michael K. Liu sold 3,420 shares of the business's 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.00% of the company's stock.

Institutional Trading of Knight-Swift Transportation

A number of large investors have recently made changes to their positions in KNX. Wealth Enhancement Advisory Services LLC purchased a new stake in Knight-Swift Transportation in the fourth quarter worth about $240,000. Assenagon Asset Management S.A. lifted its stake in Knight-Swift Transportation by 533.9% in the first 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 period. State of Alaska Department of Revenue lifted its stake in Knight-Swift Transportation by 2.8% in the first 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 period. Norris Perne & French LLP MI lifted its stake in Knight-Swift Transportation by 32.2% in the first quarter. Norris Perne & French LLP MI now owns 474,016 shares of the transportation company's stock worth $20,615,000 after acquiring an additional 115,588 shares during the period. Finally, Econ Financial Services Corp purchased a new stake in Knight-Swift Transportation in the first quarter worth about $1,707,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.