Raymond James Financial Increases Knight-Swift Transportation (NYSE:KNX) Price Target to $59.00

Key Points

• Raymond James Financial has increased the price target for Knight-Swift Transportation from $55.00 to $59.00, indicating a potential upside of 36.91% from its current price and maintaining a "strong-buy" rating.
• Multiple analysts have provided mixed assessments, with ratings ranging from "Strong Buy" to "Strong Sell," suggesting a current average rating of "Moderate Buy" and an average price target of $52.12.
• Knight-Swift Transportation's stock recently traded at $43.09 during mid-day trading, with a market capitalization of approximately $6.99 billion.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) had its target price boosted by stock analysts at Raymond James Financial from $55.00 to $59.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a "strong-buy" rating on the transportation company's stock. Raymond James Financial's price target would suggest a potential upside of 36.91% from the stock's current price.

A number of other analysts also recently weighed in on the stock. Susquehanna downgraded shares of Knight-Swift Transportation from a "positive" rating to a "neutral" rating and reduced their target price for the stock from $52.00 to $43.00 in a research report on Wednesday, September 24th. Morgan Stanley reduced their target price on shares of Knight-Swift Transportation from $68.00 to $67.00 and set an "overweight" rating on the stock in a research report on Monday, October 6th. Zacks Research downgraded shares of Knight-Swift Transportation from a "hold" rating to a "strong sell" rating in a research report on Friday, October 3rd. JPMorgan Chase & Co. cut their price objective on shares of Knight-Swift Transportation from $52.00 to $48.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 8th. Finally, UBS Group downgraded shares of Knight-Swift Transportation from a "buy" rating to a "neutral" rating and increased their price objective for the company from $46.00 to $51.00 in a research report on Friday, September 5th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Knight-Swift Transportation has an average rating of "Moderate Buy" and an average price target of $52.12.

Knight-Swift Transportation Trading Up 0.9%

Knight-Swift Transportation stock traded up $0.36 during mid-day trading on Tuesday, reaching $43.09. 376,058 shares of the company traded hands, compared to its average volume of 2,929,307. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.89 and a quick ratio of 0.89. The firm's 50 day moving average price is $42.25 and its 200 day moving average price is $42.89. The firm has a market capitalization of $6.99 billion, a price-to-earnings ratio of 42.30, a P/E/G ratio of 0.74 and a beta of 1.14. Knight-Swift Transportation has a 52-week low of $36.69 and a 52-week high of $61.51.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its earnings results on Wednesday, July 23rd. The transportation company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.87 billion. Knight-Swift Transportation had a net margin of 2.22% and a return on equity of 3.03%. The company's revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.24 EPS. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. On average, analysts anticipate that Knight-Swift Transportation will post 2.13 earnings per share for the current fiscal year.

Insider Transactions at Knight-Swift Transportation

In related news, EVP Michael K. Liu sold 3,420 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $43.41, for a total value of $148,462.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.00% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Larson Financial Group LLC lifted its position in Knight-Swift Transportation by 9,383.3% in the first quarter. Larson Financial Group LLC now owns 569 shares of the transportation company's stock worth $25,000 after buying an additional 563 shares during the last quarter. Brooklyn Investment Group grew its stake in shares of 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 acquiring an additional 310 shares during the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new stake in Knight-Swift Transportation in the second quarter valued at approximately $55,000. Employees Retirement System of Texas purchased a new stake in Knight-Swift Transportation in the second quarter valued at approximately $58,000. Finally, UMB Bank n.a. lifted its stake in shares of Knight-Swift Transportation by 43.3% in the 2nd quarter. UMB Bank n.a. now owns 1,624 shares of the transportation company's stock valued at $72,000 after purchasing an additional 491 shares during the period. 88.77% of the stock is owned by hedge funds and other institutional investors.

Knight-Swift Transportation Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.