UBS Group Has Lowered Expectations for Knight-Swift Transportation (NYSE:KNX) Stock Price

Knight-Swift Transportation (NYSE:KNX - Get Free Report) had its price objective reduced by stock analysts at UBS Group from $63.00 to $46.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the transportation company's stock. UBS Group's price target indicates a potential upside of 18.16% from the company's previous close.

KNX has been the subject of several other research reports. Barclays cut their price objective on Knight-Swift Transportation from $68.00 to $62.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. Raymond James reduced their price target on shares of Knight-Swift Transportation from $66.00 to $55.00 and set a "strong-buy" rating for the company in a research report on Friday, April 11th. Susquehanna dropped their price objective on shares of Knight-Swift Transportation from $67.00 to $54.00 and set a "positive" rating on the stock in a report on Wednesday, March 26th. Stifel Nicolaus reduced their target price on shares of Knight-Swift Transportation from $57.00 to $49.00 and set a "hold" rating for the company in a report on Monday, April 14th. Finally, Bank of America cut shares of Knight-Swift Transportation from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $66.00 to $46.00 in a research note on Tuesday, April 1st. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $50.60.

Knight-Swift Transportation Stock Performance

Shares of NYSE:KNX traded down $1.43 during midday trading on Tuesday, reaching $38.93. 2,863,297 shares of the company's stock traded hands, compared to its average volume of 2,275,929. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 0.85. Knight-Swift Transportation has a one year low of $36.69 and a one year high of $61.51. The company has a market cap of $6.31 billion, a price-to-earnings ratio of 53.33 and a beta of 1.16. The stock has a 50 day moving average of $44.40 and a 200 day moving average of $51.31.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.03. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.83 billion. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. As a group, equities research analysts anticipate that Knight-Swift Transportation will post 2.13 EPS for the current fiscal year.

Insider Activity at Knight-Swift Transportation

In other news, Director Douglas L. Col bought 5,000 shares of the stock in a transaction dated Thursday, March 13th. The stock was purchased at an average cost of $45.37 per share, for a total transaction of $226,850.00. Following the transaction, the director now owns 5,000 shares of the company's stock, valued at $226,850. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Knight-Swift Transportation

Several large investors have recently bought and sold shares of the business. Parkside Financial Bank & Trust grew its stake in shares of Knight-Swift Transportation by 88.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company's stock worth $36,000 after buying an additional 322 shares in the last quarter. UMB Bank n.a. grew its position in Knight-Swift Transportation by 84.3% in the fourth quarter. UMB Bank n.a. now owns 809 shares of the transportation company's stock worth $43,000 after acquiring an additional 370 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Knight-Swift Transportation by 20.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company's stock worth $67,000 after acquiring an additional 213 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Knight-Swift Transportation by 18.5% in the 4th quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company's stock valued at $71,000 after purchasing an additional 208 shares during the last quarter. Finally, Arcadia Investment Management Corp MI boosted its holdings in shares of Knight-Swift Transportation by 167.2% in the 4th quarter. Arcadia Investment Management Corp MI now owns 1,336 shares of the transportation company's stock worth $71,000 after purchasing an additional 836 shares during the period. Institutional investors own 88.77% of the company's stock.

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.