Knight-Swift Transportation (NYSE:KNX) Price Target Lowered to $41.00 at Bank of America

Key Points

• Bank of America has reduced its price target for Knight-Swift Transportation (NYSE:KNX) from $49.00 to $41.00, maintaining a "neutral" rating on the stock.
• Knight-Swift's average target price is now $53.13, with various brokerages issuing mixed ratings, including upgrades and downgrades.
• The company's recent earnings report surpassed analyst expectations, with a net margin of 2.22% and revenues of $1.86 billion for the quarter.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) had its price target decreased by investment analysts at Bank of America from $49.00 to $41.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a "neutral" rating on the transportation company's stock. Bank of America's price objective would suggest a potential upside of 3.94% from the company's current price.

A number of other brokerages have also recently issued reports on KNX. Susquehanna cut Knight-Swift Transportation from a "positive" rating to a "neutral" rating and set a $43.00 target price for the company. in a report on Wednesday. Barclays lowered their price objective on Knight-Swift Transportation from $58.00 to $55.00 and set an "overweight" rating for the company in a research note on Thursday, July 10th. Baird R W upgraded shares of Knight-Swift Transportation to a "strong-buy" rating in a research report on Tuesday, July 1st. The Goldman Sachs Group upgraded shares of Knight-Swift Transportation from a "neutral" rating to a "buy" rating and upped their price target for the company from $45.00 to $65.00 in a research report on Monday, June 2nd. Finally, UBS Group downgraded shares of Knight-Swift Transportation from a "buy" rating to a "neutral" rating and raised their price target for the company from $46.00 to $51.00 in a research note on Friday, September 5th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $53.13.

Knight-Swift Transportation Price Performance

Shares of NYSE KNX opened at $39.45 on Wednesday. The business's 50 day moving average is $43.00 and its 200-day moving average is $43.30. The firm has a market cap of $6.40 billion, a P/E ratio of 38.67, a price-to-earnings-growth ratio of 0.59 and a beta of 1.19. Knight-Swift Transportation has a 1-year low of $36.69 and a 1-year high of $61.51. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.30.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The transportation company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. Knight-Swift Transportation had a return on equity of 3.03% and a net margin of 2.22%.The company had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $1.87 billion. During the same quarter last year, the business earned $0.24 earnings per share. Knight-Swift Transportation's 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. Equities research analysts predict that Knight-Swift Transportation will post 2.13 earnings per share for the current year.

Insider Buying and Selling

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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of KNX. Osaic Holdings Inc. raised its stake in Knight-Swift Transportation by 23.4% in the second quarter. Osaic Holdings Inc. now owns 5,764 shares of the transportation company's stock valued at $254,000 after purchasing an additional 1,094 shares in the last quarter. Orion Porfolio Solutions LLC raised its position in shares of Knight-Swift Transportation by 37.6% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 12,902 shares of the transportation company's stock valued at $571,000 after buying an additional 3,525 shares in the last quarter. MASTERINVEST Kapitalanlage GmbH bought a new stake in shares of Knight-Swift Transportation during the 2nd quarter worth $1,427,000. Hudson Bay Capital Management LP lifted its holdings in shares of Knight-Swift Transportation by 161.0% during the 2nd quarter. Hudson Bay Capital Management LP now owns 430,605 shares of the transportation company's stock worth $19,046,000 after acquiring an additional 265,605 shares during the last quarter. Finally, Nomura Holdings Inc. purchased a new position in Knight-Swift Transportation in the second quarter worth $507,000. 88.77% of the stock is currently owned by 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.

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