Morgan Stanley Lowers Knight-Swift Transportation (NYSE:KNX) Price Target to $67.00

Key Points

• Morgan Stanley has lowered its price target for Knight-Swift Transportation (NYSE:KNX) from $68.00 to $67.00, while maintaining an "overweight" rating on the stock.
• Despite the price reduction, Morgan Stanley's target implies a potential upside of 56.36% from the stock's last closing price.
• Other brokerages have varying ratings and price targets for Knight-Swift, with a consensus target of $52.18 and a "Moderate Buy" rating overall.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) had its target price dropped by investment analysts at Morgan Stanley from $68.00 to $67.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an "overweight" rating on the transportation company's stock. Morgan Stanley's price target indicates a potential upside of 56.36% from the stock's previous close.

Several other brokerages have also recently weighed in on KNX. Citigroup lifted their price objective on shares of Knight-Swift Transportation from $53.00 to $54.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Robert W. Baird lifted their price target on shares of Knight-Swift Transportation from $55.00 to $60.00 and gave the company an "outperform" rating in a report on Friday, July 25th. Evercore ISI reduced their target price on shares of Knight-Swift Transportation from $47.00 to $42.00 and set an "in-line" rating on the stock in a report on Tuesday, September 30th. UBS Group lowered shares of Knight-Swift Transportation from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $46.00 to $51.00 in a report on Friday, September 5th. Finally, Barclays reduced their price objective on shares of Knight-Swift Transportation from $55.00 to $50.00 and set an "overweight" rating on the stock in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Knight-Swift Transportation presently has a consensus rating of "Moderate Buy" and a consensus price target of $52.18.

Knight-Swift Transportation Stock Performance

Shares of NYSE KNX traded up $1.44 during mid-day trading on Monday, reaching $42.85. 1,306,263 shares of the company were exchanged, compared to its average volume of 2,841,284. The company's 50-day simple moving average is $42.13 and its 200-day simple moving average is $42.92. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $6.95 billion, a P/E ratio of 42.06, a P/E/G ratio of 0.70 and a beta of 1.14. Knight-Swift Transportation has a twelve month low of $36.69 and a twelve month high of $61.51.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share for the quarter, topping 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 during the quarter, compared to analysts' expectations of $1.87 billion. During the same quarter in the previous year, the company earned $0.24 EPS. The business's revenue was up .8% on a year-over-year basis. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. As a group, research analysts predict that Knight-Swift Transportation will post 2.13 earnings per share for the current year.

Insider Transactions at Knight-Swift Transportation

In other Knight-Swift Transportation news, EVP Michael K. Liu sold 3,420 shares of the company's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $43.41, for a total transaction of $148,462.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. ProShare Advisors LLC raised its holdings in shares of Knight-Swift Transportation by 3.8% in the second quarter. ProShare Advisors LLC now owns 7,529 shares of the transportation company's stock valued at $333,000 after purchasing an additional 276 shares during the last quarter. Brooklyn Investment Group increased its holdings in Knight-Swift Transportation by 93.4% during the first quarter. Brooklyn Investment Group now owns 642 shares of the transportation company's stock worth $28,000 after buying an additional 310 shares during the last quarter. UMB Bank n.a. increased its holdings in 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 buying an additional 324 shares during the last quarter. IFP Advisors Inc increased its holdings in Knight-Swift Transportation by 21.3% during the second quarter. IFP Advisors Inc now owns 2,162 shares of the transportation company's stock worth $96,000 after buying an additional 379 shares during the last quarter. Finally, Tectonic Advisors LLC increased its holdings in Knight-Swift Transportation by 0.6% during the first quarter. Tectonic Advisors LLC now owns 62,715 shares of the transportation company's stock worth $2,727,000 after buying an additional 403 shares during the last quarter. 88.77% of the stock is owned by 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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