Knight-Swift Transportation (NYSE:KNX) Now Covered by Analysts at Raymond James

Equities researchers at Raymond James began coverage on shares of Knight-Swift Transportation (NYSE:KNX - Get Free Report) in a note issued to investors on Wednesday, MarketBeat.com reports. The firm set a "strong-buy" rating and a $58.00 price target on the transportation company's stock. Raymond James' price target indicates a potential upside of 16.16% from the stock's current price.

KNX has been the topic of a number of other research reports. Bank of America reduced their price objective on Knight-Swift Transportation from $58.00 to $54.00 and set a "buy" rating on the stock in a research note on Thursday, April 18th. JPMorgan Chase & Co. cut their price objective on shares of Knight-Swift Transportation from $62.00 to $60.00 and set a "neutral" rating on the stock in a report on Tuesday, April 9th. TD Cowen lowered their target price on Knight-Swift Transportation from $58.00 to $52.00 and set a "buy" rating for the company in a research note on Thursday, April 18th. Stephens cut their price target on Knight-Swift Transportation from $65.00 to $60.00 and set an "overweight" rating on the stock in a research note on Thursday, April 18th. Finally, Stifel Nicolaus lowered Knight-Swift Transportation from a "buy" rating to a "hold" rating and lowered their price objective for the company from $53.00 to $47.00 in a research note on Friday, April 26th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $57.57.

Knight-Swift Transportation Trading Up 0.9 %

Shares of NYSE KNX traded up $0.45 during midday trading on Wednesday, reaching $49.93. 2,245,892 shares of the stock were exchanged, compared to its average volume of 2,190,291. The stock has a 50 day moving average price of $51.43 and a 200-day moving average price of $54.14. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $8.07 billion, a P/E ratio of 74.57, a P/E/G ratio of 2.63 and a beta of 1.03. Knight-Swift Transportation has a 52-week low of $45.55 and a 52-week high of $60.99.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its earnings results on Wednesday, April 24th. The transportation company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.07). The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.82 billion. Knight-Swift Transportation had a return on equity of 2.54% and a net margin of 1.50%. Knight-Swift Transportation's revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.73 earnings per share. Equities research analysts expect that Knight-Swift Transportation will post 1.27 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Cary M. Flanagan sold 2,000 shares of the firm's stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $56.24, for a total value of $112,480.00. Following the sale, the chief accounting officer now owns 5,118 shares of the company's stock, valued at approximately $287,836.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 3.00% of the company's stock.

Institutional Investors Weigh In On Knight-Swift Transportation

A number of hedge funds have recently made changes to their positions in the business. Rise Advisors LLC bought a new stake in Knight-Swift Transportation during the 1st quarter valued at $25,000. GAMMA Investing LLC lifted its holdings in Knight-Swift Transportation by 67.5% in the first quarter. GAMMA Investing LLC now owns 628 shares of the transportation company's stock worth $35,000 after purchasing an additional 253 shares during the period. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Knight-Swift Transportation by 136.5% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 667 shares of the transportation company's stock valued at $38,000 after acquiring an additional 385 shares in the last quarter. Blue Trust Inc. raised its holdings in Knight-Swift Transportation by 80.3% during the fourth quarter. Blue Trust Inc. now owns 732 shares of the transportation company's stock worth $42,000 after purchasing an additional 326 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in Knight-Swift Transportation by 61.7% during the 4th quarter. First Horizon Advisors Inc. now owns 742 shares of the transportation company's stock valued at $43,000 after purchasing an additional 283 shares in the last quarter. 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.