Knight-Swift Transportation (NYSE:KNX) PT Lowered to $53.00

Knight-Swift Transportation (NYSE:KNX) had its price objective dropped by stock analysts at Stifel Nicolaus from $60.00 to $53.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 10.05% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Loop Capital lowered shares of Knight-Swift Transportation from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $63.00 to $53.00 in a report on Thursday. Stephens decreased their target price on shares of Knight-Swift Transportation from $65.00 to $60.00 and set an “overweight” rating on the stock in a research note on Thursday. TD Cowen decreased their target price on shares of Knight-Swift Transportation from $58.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. decreased their target price on shares of Knight-Swift Transportation from $62.00 to $60.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 9th. Finally, Bank of America decreased their target price on shares of Knight-Swift Transportation from $58.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Knight-Swift Transportation presently has an average rating of “Moderate Buy” and an average target price of $57.77.

Knight-Swift Transportation Trading Up 0.6 %

Shares of Knight-Swift Transportation stock opened at $48.16 on Thursday. Knight-Swift Transportation has a 1 year low of $45.73 and a 1 year high of $60.99. The firm has a market cap of $7.78 billion, a PE ratio of 36.21, a PEG ratio of 1.40 and a beta of 0.99. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.94 and a quick ratio of 0.94. The company has a 50 day simple moving average of $54.60 and a two-hundred day simple moving average of $54.18.

Knight-Swift Transportation (NYSE:KNX) last announced its earnings results on Wednesday, January 24th. The transportation company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.38). Knight-Swift Transportation had a net margin of 3.04% and a return on equity of 3.93%. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.92 billion. Analysts expect that Knight-Swift Transportation will post 2.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Knight-Swift Transportation

In other Knight-Swift Transportation news, CAO Cary M. Flanagan sold 2,000 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $56.24, for a total transaction of $112,480.00. Following the transaction, the chief accounting officer now owns 5,118 shares in the company, valued at approximately $287,836.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Knight-Swift Transportation

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James & Associates increased its holdings in Knight-Swift Transportation by 22.1% in the 1st quarter. Raymond James & Associates now owns 76,395 shares of the transportation company’s stock worth $3,855,000 after acquiring an additional 13,808 shares in the last quarter. US Bancorp DE increased its holdings in Knight-Swift Transportation by 57.6% in the 1st quarter. US Bancorp DE now owns 14,450 shares of the transportation company’s stock worth $729,000 after acquiring an additional 5,283 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in Knight-Swift Transportation by 23.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 13,997 shares of the transportation company’s stock worth $706,000 after acquiring an additional 2,677 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in Knight-Swift Transportation by 3.8% in the 1st quarter. Great West Life Assurance Co. Can now owns 211,351 shares of the transportation company’s stock worth $11,126,000 after acquiring an additional 7,824 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in Knight-Swift Transportation by 6.7% in the 1st quarter. Sei Investments Co. now owns 141,380 shares of the transportation company’s stock worth $7,135,000 after acquiring an additional 8,923 shares in the last quarter. Hedge funds and other institutional investors 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.