Knight-Swift Transportation (NYSE:KNX) Price Target Raised to $52.00 at JPMorgan Chase & Co.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) had its price objective raised by analysts at JPMorgan Chase & Co. from $45.00 to $52.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a "neutral" rating on the transportation company's stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 15.74% from the stock's current price.

A number of other research firms have also recently commented on KNX. Wells Fargo & Company upped their price objective on shares of Knight-Swift Transportation from $46.00 to $50.00 and gave the company an "overweight" rating in a research report on Wednesday, May 28th. Benchmark restated a "buy" rating and set a $63.00 price objective on shares of Knight-Swift Transportation in a research note on Monday, April 14th. Susquehanna raised their target price on shares of Knight-Swift Transportation from $45.00 to $52.00 and gave the company a "positive" rating in a research note on Tuesday, June 24th. UBS Group cut their target price on shares of Knight-Swift Transportation from $63.00 to $46.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Finally, The Goldman Sachs Group upgraded shares of Knight-Swift Transportation from a "neutral" rating to a "buy" rating and raised their target price for the company from $45.00 to $65.00 in a research note on Monday, June 2nd. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $53.56.

Knight-Swift Transportation Stock Performance

Shares of Knight-Swift Transportation stock traded down $0.73 during trading on Thursday, reaching $44.93. The company's stock had a trading volume of 2,892,268 shares, compared to its average volume of 2,824,739. Knight-Swift Transportation has a one year low of $36.69 and a one year high of $61.51. The firm has a market cap of $7.28 billion, a price-to-earnings ratio of 47.86, a price-to-earnings-growth ratio of 0.68 and a beta of 1.17. The business's fifty day moving average price is $44.81 and its 200-day moving average price is $46.76. 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 released its quarterly earnings data on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.01. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.87 billion. Knight-Swift Transportation had a return on equity of 2.79% and a net margin of 2.04%. The company's revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.24 EPS. As a group, equities research analysts predict that Knight-Swift Transportation will post 2.13 earnings per share for the current year.

Institutional Trading of Knight-Swift Transportation

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Larson Financial Group LLC boosted its position in shares of 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 during the last quarter. Brooklyn Investment Group boosted its position in shares of 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 during the last quarter. UMB Bank n.a. lifted its position 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 valued at $49,000 after purchasing an additional 324 shares during the last quarter. Oliver Lagore Vanvalin Investment Group bought a new position in shares of Knight-Swift Transportation in the 2nd quarter valued at about $55,000. Finally, Quarry LP increased its stake 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 acquiring an additional 500 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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