Knight-Swift Transportation (NYSE:KNX) Given New $53.00 Price Target at Stifel Nicolaus

Knight-Swift Transportation (NYSE:KNX - Get Free Report) had its price objective lowered by stock analysts at Stifel Nicolaus from $60.00 to $53.00 in a research note issued on Thursday, Benzinga reports. The firm currently has a "buy" rating on the transportation company's stock. Stifel Nicolaus' price target suggests a potential upside of 10.69% from the stock's current price.

KNX has been the topic of several other research reports. Susquehanna decreased their price objective on Knight-Swift Transportation from $59.00 to $50.00 and set a "neutral" rating on the stock in a report on Thursday. JPMorgan Chase & Co. reduced their price objective on Knight-Swift Transportation from $62.00 to $60.00 and set a "neutral" rating for the company in a research report on Tuesday, April 9th. TD Cowen dropped their price target on Knight-Swift Transportation from $58.00 to $52.00 and set a "buy" rating on the stock in a report on Thursday. Barclays cut their target price on shares of Knight-Swift Transportation from $62.00 to $57.00 and set an "overweight" rating on the stock in a research note on Thursday. Finally, Stephens reduced their price objective on shares of Knight-Swift Transportation from $65.00 to $60.00 and set an "overweight" rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Knight-Swift Transportation currently has an average rating of "Moderate Buy" and an average target price of $57.77.

Knight-Swift Transportation Stock Down 1.3 %

NYSE KNX traded down $0.65 during trading hours on Thursday, hitting $47.88. 4,820,929 shares of the company were exchanged, compared to its average volume of 2,111,115. The company has a 50 day moving average of $55.07 and a two-hundred day moving average of $54.23. The firm has a market cap of $7.73 billion, a price-to-earnings ratio of 35.82, a PEG ratio of 1.47 and a beta of 0.99. Knight-Swift Transportation has a 52-week low of $45.73 and a 52-week high of $60.99. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.24.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its quarterly earnings data on Wednesday, January 24th. The transportation company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by ($0.38). The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.92 billion. Knight-Swift Transportation had a return on equity of 3.93% and a net margin of 3.04%. Equities research analysts anticipate that Knight-Swift Transportation will post 2.3 earnings per share for the current year.

Insider Transactions at Knight-Swift Transportation

In related news, CAO Cary M. Flanagan sold 2,000 shares of the company'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 directly owns 5,118 shares in the company, valued at $287,836.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.00% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of KNX. Wellington Management Group LLP raised its holdings in shares of Knight-Swift Transportation by 15.7% in the 4th quarter. Wellington Management Group LLP now owns 15,715,804 shares of the transportation company's stock valued at $906,016,000 after acquiring an additional 2,137,296 shares in the last quarter. Vanguard Group Inc. raised its stake in Knight-Swift Transportation by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 15,021,291 shares of the transportation company's stock valued at $865,977,000 after buying an additional 57,000 shares during the last quarter. State Street Corp raised its stake in Knight-Swift Transportation by 2.7% during the first quarter. State Street Corp now owns 6,314,648 shares of the transportation company's stock valued at $318,637,000 after buying an additional 166,644 shares during the last quarter. Morgan Stanley raised its stake in Knight-Swift Transportation by 8.4% during the fourth quarter. Morgan Stanley now owns 5,015,443 shares of the transportation company's stock valued at $262,859,000 after buying an additional 387,501 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Knight-Swift Transportation by 908.9% in the fourth quarter. Victory Capital Management Inc. now owns 4,181,899 shares of the transportation company's stock worth $241,086,000 after purchasing an additional 3,767,408 shares during 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.