Knight-Swift Transportation (NYSE:KNX) Price Target Raised to $60.00

Key Points

• Analysts at Robert W. Baird have raised Knight-Swift Transportation's price target from $55.00 to $60.00, indicating a potential upside of 31.50% from the previous close.
• The stock currently holds a consensus rating of "Moderate Buy", with eleven analysts rating it as a buy and five as hold.
• After recent earnings, Knight-Swift reported $1.86 billion in revenue for the quarter, slightly below analyst expectations, with a net margin of 2.22%.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) had its target price upped by analysts at Robert W. Baird from $55.00 to $60.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an "outperform" rating on the transportation company's stock. Robert W. Baird's target price suggests a potential upside of 31.50% from the company's previous close.

Several other research analysts have also recently commented on the stock. Stifel Nicolaus decreased their target price on shares of 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. TD Cowen cut their price target on shares of Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Benchmark restated a "buy" rating and set a $63.00 price target on shares of Knight-Swift Transportation in a report on Monday, April 14th. TD Securities dropped their price target on shares of Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Finally, Evercore ISI decreased their price objective on shares of Knight-Swift Transportation from $49.00 to $44.00 and set an "in-line" rating for the company in a report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $53.88.

Knight-Swift Transportation Stock Down 0.1%

KNX stock opened at $45.63 on Friday. The stock has a market capitalization of $7.39 billion, a P/E ratio of 44.73, a PEG ratio of 0.68 and a beta of 1.17. 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 has a one year low of $36.69 and a one year high of $61.51. The company has a 50 day moving average price of $44.82 and a two-hundred day moving average price of $46.70.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its earnings results 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. Knight-Swift Transportation had a net margin of 2.22% and a return on equity of 3.03%. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the business posted $0.24 EPS. The business's quarterly revenue was up .8% on a year-over-year basis. As a group, sell-side analysts expect that Knight-Swift Transportation will post 2.13 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Larson Financial Group LLC increased 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 purchasing an additional 563 shares in the last quarter. Brooklyn Investment Group raised its holdings in Knight-Swift Transportation by 93.4% in the 1st quarter. Brooklyn Investment Group now owns 642 shares of the transportation company's stock valued at $28,000 after acquiring an additional 310 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Knight-Swift Transportation by 40.0% during the 1st quarter. UMB Bank n.a. now owns 1,133 shares of the transportation company's stock worth $49,000 after buying an additional 324 shares during the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new stake in Knight-Swift Transportation during the 2nd quarter worth $55,000. Finally, Quarry LP lifted its position in shares of 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 purchasing an additional 500 shares during the last quarter. 88.77% of the stock is currently 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.

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