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Knight-Swift Transportation (NYSE:KNX) Receives "Neutral" Rating from Susquehanna

Last updated on Monday, April 19, 2021 | 2021 MarketBeat

Knight-Swift Transportation (NYSE:KNX)'s stock had its "neutral" rating reissued by equities research analysts at Susquehanna in a research note issued to investors on Monday, Benzinga reports. They presently have a $53.00 price target on the transportation company's stock. Susquehanna's target price suggests a potential upside of 5.70% from the stock's current price.

KNX has been the topic of several other research reports. Knight Equity upgraded shares of Knight-Swift Transportation from a "neutral" rating to a "buy" rating and upped their price objective for the company from $46.00 to $52.00 in a report on Thursday, March 4th. KCG raised shares of Knight-Swift Transportation from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $46.00 to $52.00 in a research report on Thursday, March 4th. UBS Group reissued a "neutral" rating and set a $49.00 target price (up from $47.00) on shares of Knight-Swift Transportation in a research report on Wednesday, March 17th. Wolfe Research downgraded shares of Knight-Swift Transportation from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 7th. Finally, Cowen boosted their target price on shares of Knight-Swift Transportation from $47.00 to $52.00 and gave the stock a "market perform" rating in a research report on Thursday, January 28th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company's stock. The company presently has an average rating of "Buy" and an average price target of $50.70.

KNX stock opened at $50.14 on Monday. The firm has a market cap of $8.31 billion, a price-to-earnings ratio of 25.71, a PEG ratio of 0.87 and a beta of 1.19. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.04. Knight-Swift Transportation has a 12-month low of $34.58 and a 12-month high of $50.63. The company's fifty day simple moving average is $46.71 and its 200 day simple moving average is $42.81.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results on Wednesday, January 27th. The transportation company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.03. Knight-Swift Transportation had a net margin of 7.30% and a return on equity of 6.97%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the business earned $0.55 earnings per share. Knight-Swift Transportation's revenue for the quarter was up 6.8% on a year-over-year basis. Research analysts expect that Knight-Swift Transportation will post 2.65 earnings per share for the current year.

In other Knight-Swift Transportation news, Vice Chairman Gary J. Knight sold 50,000 shares of the firm's stock in a transaction on Tuesday, March 30th. The shares were sold at an average price of $49.00, for a total value of $2,450,000.00. Following the sale, the insider now owns 10,285 shares of the company's stock, valued at approximately $503,965. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Kevin P. Knight sold 49,600 shares of the firm's stock in a transaction on Friday, April 9th. The stock was sold at an average price of $50.06, for a total transaction of $2,482,976.00. Following the completion of the sale, the chairman now directly owns 5,509 shares in the company, valued at approximately $275,780.54. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 199,600 shares of company stock worth $9,882,976. 27.50% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. Country Trust Bank grew its holdings in Knight-Swift Transportation by 39.8% in the 1st quarter. Country Trust Bank now owns 708,973 shares of the transportation company's stock worth $34,095,000 after acquiring an additional 201,872 shares during the last quarter. NEXT Financial Group Inc grew its holdings in Knight-Swift Transportation by 10.7% in the 1st quarter. NEXT Financial Group Inc now owns 2,582 shares of the transportation company's stock worth $124,000 after acquiring an additional 250 shares during the last quarter. New England Research & Management Inc. grew its holdings in Knight-Swift Transportation by 33.2% in the 1st quarter. New England Research & Management Inc. now owns 37,400 shares of the transportation company's stock worth $1,799,000 after acquiring an additional 9,325 shares during the last quarter. Retirement Systems of Alabama grew its holdings in Knight-Swift Transportation by 6.2% in the 1st quarter. Retirement Systems of Alabama now owns 339,746 shares of the transportation company's stock worth $16,338,000 after acquiring an additional 19,768 shares during the last quarter. Finally, DnB Asset Management AS grew its holdings in Knight-Swift Transportation by 47.6% in the 1st quarter. DnB Asset Management AS now owns 39,261 shares of the transportation company's stock worth $1,888,000 after acquiring an additional 12,669 shares during the last quarter. 86.80% of the stock is currently owned by institutional investors and hedge funds.

About Knight-Swift Transportation

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada. The company operates through three segments: Trucking, Logistics, and Intermodal. Its trucking services include irregular route, dedicated, refrigerated, flatbed, expedited, dry van, drayage, and cross-border transportation of various products, goods, and materials.

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