NYSE:KNX

Knight-Swift Transportation - KNX Stock Forecast, Price & News

$61.04

+1.94 (+3.28%)

(As of 02/1/2023 12:00 AM ET)

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Today's Range: $58.75
▼
$61.43
50-Day Range: $51.08
▼
$61.04
52-Week Range: $42.50
▼
$62.63

Volume: 2.41 million shs
Average Volume: 1.98 million shs
Market Capitalization: $9.81 billion

P/E Ratio: 12.90
Dividend Yield: 0.81%
Price Target: $63.06

Institutional Ownership

Knight-Swift Transportation MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.71 Rating Score
Upside/Downside: 3.3% Upside
$63.06 Price Target
Short Interest: Bearish
6.52% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.05
Based on 32 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 15.61%
From $4.10 to $4.74 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.52 out of 5 stars

Transportation Sector

10th out of 125 stocks

Trucking, Except Local Industry

1st out of 16 stocks

2.4

Analyst's Opinion

Consensus Rating
Knight-Swift Transportation has received a consensus rating of Buy. The company's average rating score is 2.71, and is based on 13 buy ratings, 3 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $63.06, Knight-Swift Transportation has a forecasted upside of 3.3% from its current price of $61.04.
Amount of Analyst Coverage
Knight-Swift Transportation has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
6.52% of the float of Knight-Swift Transportation has been sold short.
Short Interest Ratio / Days to Cover
Knight-Swift Transportation has a short interest ratio ("days to cover") of 5.
Change versus previous month
Short interest in Knight-Swift Transportation has recently decreased by 3.17%, indicating that investor sentiment is improving.

1.7

Dividend Strength

Dividend Yield
Knight-Swift Transportation has a dividend yield of 0.81%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Knight-Swift Transportation has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of Knight-Swift Transportation is 10.15%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Knight-Swift Transportation will have a dividend payout ratio of 10.13% next year. This indicates that Knight-Swift Transportation will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for KNX.

2.8

News and Social Media Coverage

News Sentiment
Knight-Swift Transportation has a news sentiment score of 0.05. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.46 average news sentiment score of Transportation companies.
News Coverage This Week
MarketBeat has tracked 32 news articles for Knight-Swift Transportation this week, compared to 2 articles on an average week.
Search Interest
9 people have searched for KNX on MarketBeat in the last 30 days. This is an increase of 125% compared to the previous 30 days.
MarketBeat Follows
6 people have added Knight-Swift Transportation to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Knight-Swift Transportation insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 3.10% of the stock of Knight-Swift Transportation is held by insiders.
Percentage Held by Institutions
89.95% of the stock of Knight-Swift Transportation is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Knight-Swift Transportation are expected to grow by 15.61% in the coming year, from $4.10 to $4.74 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Knight-Swift Transportation is 12.90, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.75.
Price to Earnings Ratio vs. Sector
The P/E ratio of Knight-Swift Transportation is 12.90, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 24.07.
Price to Earnings Growth Ratio
Knight-Swift Transportation has a PEG Ratio of 0.96. PEG Ratios around 1 indicate that a company is correctly valued.
Price to Book Value per Share Ratio
Knight-Swift Transportation has a P/B Ratio of 1.41. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Knight-Swift Transportation (NYSE:KNX) Stock

Knight-Swift Transportation Holdings, Inc. engages in the provision of multiple truckload transportation and logistics services. It operates through the following business segments: Trucking, Logistics, and Intermodal. The Trucking segment comprises irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations. The Logistics segment includes brokerage and other freight management services. The Intermodal segment consists of revenue generated by moving freight over the rail in the containers and other trailing equipment, combined with the revenue for drayage to transport loads between the railheads and customer locations. The company was founded in 1966 and is headquartered in Phoenix, AZ.

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KNX Stock News Headlines

January 18, 2023 | marketbeat.com

J.B. Hunt Gets A Flat, Logistic Companies Come Into Focus (KNX)

J.B. Hunt Tranport Services Inc. missed on the top and bottom line but other truckers may still show strength because weakness is centered in a single segment.

January 11, 2023 | marketbeat.com

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