Knight-Swift Transportation (NYSE:KNX) Upgraded at Bank of America

Key Points

• Bank of America upgraded Knight-Swift Transportation from a "neutral" to a "buy" rating, with a price objective of $50.00, indicating a potential upside of 13.12% from the current stock price.
• Despite the recent upgrade, several analyst ratings vary widely, with price targets ranging from $42.00 to $59.00 and a mix of "strong buy," "buy," "hold," and "sell" recommendations.
• Knight-Swift's stock performance reflected a market cap of $7.17 billion, with a 12-month price range between $36.69 and $61.51.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) was upgraded by research analysts at Bank of America from a "neutral" rating to a "buy" rating in a research note issued to investors on Thursday, MarketBeat Ratings reports. The firm currently has a $50.00 price objective on the transportation company's stock. Bank of America's price target suggests a potential upside of 13.12% from the stock's current price.

Several other equities analysts also recently issued reports on KNX. Evercore ISI decreased their price objective on shares of Knight-Swift Transportation from $47.00 to $42.00 and set an "in-line" rating for the company in a research note on Tuesday, September 30th. Morgan Stanley decreased their target price on shares of Knight-Swift Transportation from $68.00 to $67.00 and set an "overweight" rating for the company in a research note on Monday, October 6th. Raymond James Financial increased their target price on shares of Knight-Swift Transportation from $55.00 to $59.00 and gave the stock a "strong-buy" rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft upgraded shares of Knight-Swift Transportation from a "hold" rating to a "buy" rating and increased their target price for the stock from $43.00 to $53.00 in a research note on Thursday, October 2nd. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Knight-Swift Transportation in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Knight-Swift Transportation presently has an average rating of "Moderate Buy" and an average target price of $52.65.

Knight-Swift Transportation Stock Performance

Shares of KNX stock opened at $44.20 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.30. The firm has a fifty day moving average price of $42.31 and a 200 day moving average price of $42.91. The company has a market cap of $7.17 billion, a P/E ratio of 43.33, a PEG ratio of 0.77 and a beta of 1.14. Knight-Swift Transportation has a 12 month low of $36.69 and a 12 month high of $61.51.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The transportation company reported $0.35 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the firm posted $0.24 earnings per share. The company's revenue was up .8% compared to the same quarter last year. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. Sell-side analysts predict that Knight-Swift Transportation will post 2.13 earnings per share for the current fiscal year.

Insider Buying and Selling at Knight-Swift Transportation

In other news, EVP Michael K. Liu sold 3,420 shares of the firm's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $43.41, for a total transaction of $148,462.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Larson Financial Group LLC increased its stake in shares of 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 worth $25,000 after purchasing an additional 563 shares in the last quarter. Brooklyn Investment Group grew its stake in Knight-Swift Transportation by 93.4% in the 1st 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 period. Oliver Lagore Vanvalin Investment Group purchased a new stake in Knight-Swift Transportation in the 2nd quarter worth approximately $55,000. Employees Retirement System of Texas purchased a new stake in Knight-Swift Transportation in the 2nd quarter worth approximately $58,000. Finally, UMB Bank n.a. grew its stake in Knight-Swift Transportation by 43.3% in the 2nd quarter. UMB Bank n.a. now owns 1,624 shares of the transportation company's stock worth $72,000 after acquiring an additional 491 shares during the period. 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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