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Barclays Cuts Knight-Swift Transportation (NYSE:KNX) Price Target to $55.00

Knight-Swift Transportation logo with Transportation background

Knight-Swift Transportation (NYSE:KNX - Get Free Report) had its price objective decreased by research analysts at Barclays from $58.00 to $55.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the transportation company's stock. Barclays's price target indicates a potential upside of 16.18% from the stock's previous close.

A number of other analysts have also recently weighed in on the company. Wells Fargo & Company boosted their price target on Knight-Swift Transportation from $46.00 to $50.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 28th. Raymond James Financial reduced their price target on Knight-Swift Transportation from $66.00 to $55.00 and set a "strong-buy" rating for the company in a research report on Friday, April 11th. Baird R W raised Knight-Swift Transportation to a "strong-buy" rating in a research report on Tuesday, July 1st. Stifel Nicolaus reduced their price target on Knight-Swift Transportation from $57.00 to $49.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Finally, JPMorgan Chase & Co. reduced their price target on Knight-Swift Transportation from $46.00 to $45.00 and set a "neutral" rating for the company in a research report on Tuesday, July 8th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Knight-Swift Transportation has an average rating of "Moderate Buy" and a consensus price target of $53.06.

Read Our Latest Report on Knight-Swift Transportation

Knight-Swift Transportation Price Performance

Shares of KNX stock traded down $0.88 during mid-day trading on Thursday, hitting $47.34. 1,577,700 shares of the stock traded hands, compared to its average volume of 2,417,108. Knight-Swift Transportation has a twelve month low of $36.69 and a twelve month high of $61.51. The firm has a market cap of $7.67 billion, a price-to-earnings ratio of 50.36, a price-to-earnings-growth ratio of 0.71 and a beta of 1.17. The company's 50-day simple moving average is $44.51 and its 200-day simple moving average is $47.11. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.88 and a current ratio of 0.88.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its earnings results 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 business had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $1.83 billion. Knight-Swift Transportation had a return on equity of 2.79% and a net margin of 2.04%. The company's quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.12 EPS. As a group, equities research analysts expect that Knight-Swift Transportation will post 2.13 earnings per share for the current year.

Institutional Trading of Knight-Swift Transportation

Institutional investors and hedge funds have recently bought and sold shares of the stock. Larson Financial Group LLC raised its holdings in Knight-Swift Transportation by 9,383.3% during the first quarter. Larson Financial Group LLC now owns 569 shares of the transportation company's stock worth $25,000 after acquiring an additional 563 shares in the last quarter. Brooklyn Investment Group raised its holdings in Knight-Swift Transportation by 93.4% during the first quarter. Brooklyn Investment Group now owns 642 shares of the transportation company's stock worth $28,000 after acquiring an additional 310 shares in the last quarter. UMB Bank n.a. raised its holdings in 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 acquiring an additional 324 shares in the last quarter. Oliver Lagore Vanvalin Investment Group bought a new stake in Knight-Swift Transportation during the second quarter worth about $55,000. Finally, Quarry LP increased its position in Knight-Swift Transportation by 41.6% during the fourth quarter. Quarry LP now owns 1,701 shares of the transportation company's stock worth $90,000 after buying an additional 500 shares during the last quarter. Institutional investors own 88.77% of the company's stock.

Knight-Swift Transportation Company Profile

(Get Free Report)

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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Analyst Recommendations for Knight-Swift Transportation (NYSE:KNX)

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