Knight-Swift Transportation (NYSE:KNX) Rating Increased to Buy at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank Aktiengesellschaft upgraded Knight-Swift Transportation from a "hold" to a "buy" rating, raising the price target from $43.00 to $53.00, indicating a potential upside of 35.93%.
• Multiple analysts have rated Knight-Swift Transportation, with two Strong Buy, ten Buy, and six Hold ratings, leading to a consensus price target of $52.71.
• Recently, Knight-Swift reported earnings of $0.35 EPS, exceeding the consensus estimate of $0.34, with revenues of $1.86 billion, representing a year-over-year increase of 0.8%.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) was upgraded by Deutsche Bank Aktiengesellschaft from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a $53.00 price objective on the transportation company's stock, up from their prior price objective of $43.00. Deutsche Bank Aktiengesellschaft's target price suggests a potential upside of 35.93% from the stock's current price.

KNX has been the subject of several other reports. JPMorgan Chase & Co. boosted their target price on Knight-Swift Transportation from $45.00 to $52.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Baird R W raised Knight-Swift Transportation to a "strong-buy" rating in a report on Tuesday, July 1st. Robert W. Baird lifted their price target on Knight-Swift Transportation from $55.00 to $60.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. UBS Group downgraded Knight-Swift Transportation from a "buy" rating to a "neutral" rating and lifted their price target for the stock from $46.00 to $51.00 in a report on Friday, September 5th. Finally, Raymond James Financial lifted their price target on Knight-Swift Transportation from $50.00 to $55.00 and gave the stock a "strong-buy" rating in a report on Tuesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $52.71.

Knight-Swift Transportation Trading Down 1.3%

KNX opened at $38.99 on Thursday. Knight-Swift Transportation has a 12 month low of $36.69 and a 12 month high of $61.51. The stock has a market capitalization of $6.33 billion, a price-to-earnings ratio of 38.23, a PEG ratio of 0.66 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 business has a fifty day moving average price of $42.32 and a 200 day moving average price of $43.03.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its earnings results on Wednesday, July 23rd. The transportation company reported $0.35 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $1.87 billion. During the same period in the previous year, the firm posted $0.24 EPS. Knight-Swift Transportation's revenue for the quarter was up .8% on a year-over-year basis. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. Sell-side analysts expect that Knight-Swift Transportation will post 2.13 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Michael K. Liu sold 3,420 shares of the company's stock in a transaction dated 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 Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is currently owned by company insiders.

Institutional Trading of Knight-Swift Transportation

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cerity Partners LLC raised its stake in Knight-Swift Transportation by 611.7% during the 1st quarter. Cerity Partners LLC now owns 34,074 shares of the transportation company's stock valued at $1,482,000 after acquiring an additional 29,286 shares during the last quarter. Aviance Capital Partners LLC raised its stake in Knight-Swift Transportation by 6.3% during the 1st quarter. Aviance Capital Partners LLC now owns 110,932 shares of the transportation company's stock valued at $4,824,000 after acquiring an additional 6,592 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Knight-Swift Transportation by 668.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,743 shares of the transportation company's stock valued at $1,511,000 after acquiring an additional 30,219 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Knight-Swift Transportation by 533.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 33,614 shares of the transportation company's stock valued at $1,462,000 after acquiring an additional 28,311 shares during the last quarter. Finally, Washington Capital Management Inc. purchased a new stake in Knight-Swift Transportation during the 2nd quarter valued at approximately $464,000. 88.77% of the stock is 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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