Knight-Swift Transportation (NYSE:KNX) Price Target Lowered to $48.00 at Wells Fargo & Company

Key Points

• Wells Fargo & Company has reduced its price target for Knight-Swift Transportation from $50.00 to $48.00, maintaining an "overweight" rating on the stock, suggesting a potential upside of 14.09% from its current price.
• Despite the downgrade from Wells Fargo, other analysts have issued contrasting ratings, with Deutsche Bank upgrading to a "buy" and raising the target to $53.00.
• Knight-Swift Transportation's stock recently gained 1.6%, trading at $42.07, and has an average price target of $52.35 from analysts.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) had its price target decreased by investment analysts at Wells Fargo & Company from $50.00 to $48.00 in a research note issued on Monday,Benzinga reports. The firm currently has an "overweight" rating on the transportation company's stock. Wells Fargo & Company's price target would indicate a potential upside of 14.09% from the company's current price.

Other research analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Knight-Swift Transportation from a "hold" rating to a "buy" rating and raised their price target for the company from $43.00 to $53.00 in a report on Thursday. Raymond James Financial raised their target price on Knight-Swift Transportation from $50.00 to $55.00 and gave the company a "strong-buy" rating in a report on Tuesday, July 15th. Evercore ISI cut their price objective on 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. Susquehanna downgraded Knight-Swift Transportation from a "positive" rating to a "neutral" rating and cut their price objective for the company from $52.00 to $43.00 in a research note on Wednesday, September 24th. Finally, Citigroup raised their price objective on Knight-Swift Transportation from $53.00 to $54.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $52.35.

Knight-Swift Transportation Stock Up 1.6%

Knight-Swift Transportation stock traded up $0.66 during trading hours on Monday, hitting $42.07. The company had a trading volume of 606,139 shares, compared to its average volume of 2,836,172. The firm has a market capitalization of $6.83 billion, a P/E ratio of 41.32, a price-to-earnings-growth ratio of 0.70 and a beta of 1.14. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.89 and a quick ratio of 0.89. The firm's fifty day moving average is $42.13 and its 200-day moving average is $42.92. Knight-Swift Transportation has a fifty-two week low of $36.69 and a fifty-two week high of $61.51.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the company posted $0.24 earnings per share. The firm'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. On average, research analysts forecast that Knight-Swift Transportation will post 2.13 earnings per share for the current year.

Insider Buying and Selling at Knight-Swift Transportation

In other Knight-Swift Transportation news, EVP Michael K. Liu sold 3,420 shares of the company's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $43.41, for a total value of $148,462.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 3.00% of the company's stock.

Institutional Investors Weigh In On Knight-Swift Transportation

A number of hedge funds have recently added to or reduced their stakes in the stock. ProShare Advisors LLC boosted its position in Knight-Swift Transportation by 3.8% in the 2nd quarter. ProShare Advisors LLC now owns 7,529 shares of the transportation company's stock valued at $333,000 after buying an additional 276 shares during the last quarter. Brooklyn Investment Group boosted its stake in Knight-Swift Transportation by 93.4% during the 1st quarter. Brooklyn Investment Group now owns 642 shares of the transportation company's stock worth $28,000 after acquiring an additional 310 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Knight-Swift Transportation by 40.0% during the first quarter. UMB Bank n.a. now owns 1,133 shares of the transportation company's stock worth $49,000 after purchasing an additional 324 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Knight-Swift Transportation by 21.3% during the second quarter. IFP Advisors Inc now owns 2,162 shares of the transportation company's stock worth $96,000 after purchasing an additional 379 shares in the last quarter. Finally, Tectonic Advisors LLC boosted its position in shares of Knight-Swift Transportation by 0.6% during the first quarter. Tectonic Advisors LLC now owns 62,715 shares of the transportation company's stock worth $2,727,000 after purchasing an additional 403 shares in 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.

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