Knight-Swift Transportation (NYSE:KNX) Price Target Raised to $52.00

Knight-Swift Transportation (NYSE:KNX - Get Free Report) had its price target boosted by analysts at Susquehanna from $45.00 to $52.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a "positive" rating on the transportation company's stock. Susquehanna's target price would indicate a potential upside of 15.25% from the company's previous close.

A number of other brokerages have also weighed in on KNX. TD Securities lowered their price target on shares of Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Benchmark reissued a "buy" rating and issued a $63.00 target price on shares of Knight-Swift Transportation in a research note on Monday, April 14th. Raymond James Financial cut their price target on Knight-Swift Transportation from $66.00 to $55.00 and set a "strong-buy" rating on the stock in a research note on Friday, April 11th. Wells Fargo & Company lifted their price objective 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. Finally, JPMorgan Chase & Co. dropped their price objective on Knight-Swift Transportation from $49.00 to $46.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $53.13.

Knight-Swift Transportation Price Performance

Shares of NYSE:KNX traded up $0.90 on Tuesday, hitting $45.12. The stock had a trading volume of 1,381,921 shares, compared to its average volume of 2,381,518. The firm's 50 day moving average price is $42.91 and its 200-day moving average price is $47.77. 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 twelve month low of $36.69 and a twelve month high of $61.51. The company has a market capitalization of $7.31 billion, a price-to-earnings ratio of 48.00, a price-to-earnings-growth ratio of 0.65 and a beta of 1.18.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $0.28 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 analyst estimates of $1.83 billion. Knight-Swift Transportation had a return on equity of 2.79% and a net margin of 2.04%. Knight-Swift Transportation's revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.12 EPS. On average, equities research analysts predict that Knight-Swift Transportation will post 2.13 earnings per share for the current year.

Hedge Funds Weigh In On Knight-Swift Transportation

Institutional investors have recently modified their holdings of the business. Voya Investment Management LLC raised its holdings in Knight-Swift Transportation by 3.6% during the 1st quarter. Voya Investment Management LLC now owns 21,288 shares of the transportation company's stock worth $926,000 after buying an additional 738 shares during the period. Inspire Investing LLC raised its holdings in shares of Knight-Swift Transportation by 98.8% during the first quarter. Inspire Investing LLC now owns 15,049 shares of the transportation company's stock worth $654,000 after acquiring an additional 7,479 shares during the period. Strs Ohio acquired a new stake in shares of Knight-Swift Transportation during the first quarter worth $20,123,000. Focus Partners Wealth bought a new stake in Knight-Swift Transportation in the 1st quarter valued at $451,000. Finally, Dean Capital Management boosted its stake in Knight-Swift Transportation by 2.4% in the 1st quarter. Dean Capital Management now owns 29,499 shares of the transportation company's stock worth $1,283,000 after purchasing an additional 684 shares during the period. 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.