Knight-Swift Transportation (NYSE:KNX) had its price objective lifted by investment analysts at Wells Fargo & Co from $36.00 to $48.00 in a research note issued to investors on Thursday, February 8th. The firm currently has a “market perform” rating on the transportation company’s stock. Wells Fargo & Co’s price objective would suggest a potential downside of 1.05% from the company’s previous close.
Several other equities research analysts have also commented on KNX. JPMorgan Chase & Co. started coverage on Knight-Swift Transportation in a research note on Thursday, October 12th. They set a “neutral” rating and a $39.00 price target on the stock. Zacks Investment Research lowered Knight-Swift Transportation from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Credit Suisse Group decreased their price target on Knight-Swift Transportation from $41.00 to $40.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 7th. UBS Group decreased their price target on Knight-Swift Transportation from $53.00 to $51.00 and set a “buy” rating on the stock in a research note on Tuesday, November 7th. Finally, KeyCorp raised Knight-Swift Transportation from a “sector weight” rating to an “overweight” rating in a research note on Tuesday, November 14th. Seven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $49.60.
Shares of Knight-Swift Transportation (NYSE:KNX) traded down $0.16 during trading hours on Thursday, hitting $48.51. The stock had a trading volume of 1,230,447 shares, compared to its average volume of 2,184,554. The stock has a market cap of $8,663.56, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of 1.44 and a beta of 1.71. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.51 and a quick ratio of 1.32. Knight-Swift Transportation has a fifty-two week low of $26.68 and a fifty-two week high of $51.94.
In other Knight-Swift Transportation news, General Counsel Todd F. Carlson sold 9,000 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $39.24, for a total transaction of $353,160.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Michael Garnreiter sold 1,000 shares of the stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $43.00, for a total value of $43,000.00. The disclosure for this sale can be found here. 9.90% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Knight-Swift Transportation by 79.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,007 shares of the transportation company’s stock worth $131,000 after purchasing an additional 1,332 shares during the period. Cigna Investments Inc. New purchased a new position in shares of Knight-Swift Transportation during the 4th quarter worth $206,000. Oakbrook Investments LLC purchased a new position in shares of Knight-Swift Transportation during the 4th quarter worth $210,000. Toronto Dominion Bank purchased a new position in shares of Knight-Swift Transportation during the 3rd quarter worth $234,000. Finally, Atria Investments LLC purchased a new position in shares of Knight-Swift Transportation during the 4th quarter worth $254,000. 78.21% of the stock is currently owned by institutional investors.
WARNING: This piece was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another publication, it was stolen and republished in violation of US and international copyright law. The correct version of this piece can be read at https://www.americanbankingnews.com/2018/02/08/knight-swift-transportation-knx-price-target-raised-to-48-00.html.
Knight-Swift Transportation Company Profile
Knight Transportation, Inc is a provider of multiple truckload transportation and logistics services, which involve the movement of trailer or container loads of freight from origin to destination for a single customer. The Company operates through two segments: Trucking and Logistics. Its Trucking segment consists of three operating units: dry van truckload, temperature-controlled truckload and drayage services.
Receive News & Ratings for Knight-Swift Transportation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knight-Swift Transportation and related companies with MarketBeat.com's FREE daily email newsletter.