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

Knight-Swift Transportation (NYSE:KNX - Get Free Report) had its target price boosted by stock analysts at Susquehanna from $45.00 to $52.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a "positive" rating on the transportation company's stock. Susquehanna's target price would indicate a potential upside of 18.02% from the stock's current price.

Several other equities research analysts have also recently issued reports on KNX. Citigroup raised their target price on shares of Knight-Swift Transportation from $48.00 to $53.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Stifel Nicolaus lowered their price target on Knight-Swift Transportation from $57.00 to $49.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Evercore ISI dropped their price target on Knight-Swift Transportation from $49.00 to $44.00 and set an "in-line" rating on the stock in a research note on Thursday, April 24th. Raymond James Financial reduced their price objective 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. Finally, TD Cowen lowered their target price on Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Six research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Knight-Swift Transportation has a consensus rating of "Moderate Buy" and a consensus price target of $53.13.

Knight-Swift Transportation Stock Down 0.5%

KNX stock traded down $0.24 during midday trading on Tuesday, hitting $44.06. The company's stock had a trading volume of 1,582,953 shares, compared to its average volume of 2,376,173. The firm's 50-day moving average is $42.81 and its 200-day moving average is $47.85. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.30. Knight-Swift Transportation has a 12 month low of $36.69 and a 12 month high of $61.51. The company has a market cap of $7.14 billion, a PE ratio of 46.87, a P/E/G ratio of 0.65 and a beta of 1.18.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.03. The firm had revenue of $1.82 billion during 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 revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.12 earnings per share. On average, equities research analysts forecast that Knight-Swift Transportation will post 2.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Knight-Swift Transportation

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Larson Financial Group LLC raised its stake in Knight-Swift Transportation by 9,383.3% during the 1st quarter. Larson Financial Group LLC now owns 569 shares of the transportation company's stock valued at $25,000 after acquiring an additional 563 shares during the last quarter. Brooklyn Investment Group increased its holdings in shares of Knight-Swift Transportation by 93.4% in the first quarter. Brooklyn Investment Group now owns 642 shares of the transportation company's stock valued at $28,000 after purchasing an additional 310 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of Knight-Swift Transportation by 88.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company's stock worth $36,000 after purchasing an additional 322 shares during the last quarter. UMB Bank n.a. raised its stake in shares of 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 purchasing an additional 324 shares during the last quarter. Finally, Quarry LP lifted its holdings 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 period. Hedge funds and other 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.