Raymond James Financial Boosts Knight-Swift Transportation (NYSE:KNX) Price Target to $55.00

Knight-Swift Transportation (NYSE:KNX - Get Free Report) had its target price boosted by equities research analysts at Raymond James Financial from $50.00 to $55.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a "strong-buy" rating on the transportation company's stock. Raymond James Financial's price target points to a potential upside of 23.21% from the stock's previous close.

Other research analysts have also recently issued research reports about the stock. Susquehanna increased their target price on shares of Knight-Swift Transportation from $45.00 to $52.00 and gave the stock a "positive" rating in a report on Tuesday, June 24th. Barclays dropped their target price on shares of Knight-Swift Transportation from $58.00 to $55.00 and set an "overweight" rating for the company in a report on Thursday, July 10th. Robert W. Baird initiated coverage on shares of Knight-Swift Transportation in a report on Tuesday, July 1st. They issued an "outperform" rating and a $55.00 target price for the company. Bank of America increased their target price on shares of Knight-Swift Transportation from $43.00 to $48.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Finally, JPMorgan Chase & Co. lowered their price objective on Knight-Swift Transportation from $46.00 to $45.00 and set a "neutral" rating for the company in a research note on Tuesday, July 8th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $53.06.

Knight-Swift Transportation Price Performance

Shares of Knight-Swift Transportation stock traded down $0.96 on Tuesday, reaching $44.64. 2,099,722 shares of the stock were exchanged, compared to its average volume of 2,412,445. The firm's 50 day moving average is $44.84 and its 200-day moving average is $46.99. Knight-Swift Transportation has a one year low of $36.69 and a one year high of $61.51. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market cap of $7.23 billion, a PE ratio of 47.49, a P/E/G ratio of 0.68 and a beta of 1.17.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The transportation company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.03. The firm had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.83 billion. Knight-Swift Transportation had a net margin of 2.04% and a return on equity of 2.79%. The business's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.12 earnings per share. As a group, analysts anticipate that Knight-Swift Transportation will post 2.13 EPS for the current fiscal year.

Institutional Trading of Knight-Swift Transportation

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Larson Financial Group LLC increased its position in 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 valued at $25,000 after purchasing an additional 563 shares during the period. Brooklyn Investment Group increased its position in Knight-Swift Transportation by 93.4% during the 1st quarter. Brooklyn Investment Group now owns 642 shares of the transportation company's stock valued at $28,000 after purchasing an additional 310 shares during the period. UMB Bank n.a. increased its position in Knight-Swift Transportation by 40.0% during the 1st quarter. UMB Bank n.a. now owns 1,133 shares of the transportation company's stock valued at $49,000 after purchasing an additional 324 shares during the period. Oliver Lagore Vanvalin Investment Group bought a new position in shares of Knight-Swift Transportation during the 2nd quarter worth approximately $55,000. Finally, Quarry LP boosted its holdings in shares of Knight-Swift Transportation by 41.6% during the 4th quarter. Quarry LP now owns 1,701 shares of the transportation company's stock worth $90,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds 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.