TD Cowen Forecasts Strong Price Appreciation for Knight-Swift Transportation (NYSE:KNX) Stock

Knight-Swift Transportation (NYSE:KNX) had its target price boosted by equities research analysts at TD Cowen from $53.00 to $60.00 in a report released on Tuesday, Marketbeat Ratings reports. The firm currently has a “buy” rating on the transportation company’s stock. TD Cowen’s target price suggests a potential upside of 16.36% from the stock’s current price.

KNX has been the subject of a number of other research reports. JPMorgan Chase & Co. raised their price objective on shares of Knight-Swift Transportation from $48.00 to $49.00 and gave the stock a “neutral” rating in a report on Thursday, October 23rd. Bank of America upgraded shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and raised their price target for the stock from $41.00 to $50.00 in a research note on Thursday, October 16th. Deutsche Bank Aktiengesellschaft raised shares of Knight-Swift Transportation from a “hold” rating to a “buy” rating and lifted their price target for the stock from $43.00 to $53.00 in a report on Thursday, October 2nd. Benchmark reissued a “buy” rating on shares of Knight-Swift Transportation in a report on Friday, October 24th. Finally, Raymond James Financial boosted their target price on Knight-Swift Transportation from $55.00 to $59.00 and gave the company a “strong-buy” rating in a research note on Tuesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Knight-Swift Transportation presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.24.

Knight-Swift Transportation Stock Performance

Shares of Knight-Swift Transportation stock opened at $51.56 on Tuesday. The business’s fifty day simple moving average is $45.30 and its 200 day simple moving average is $44.12. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.31. Knight-Swift Transportation has a 12 month low of $36.69 and a 12 month high of $61.51. The firm has a market capitalization of $8.37 billion, a P/E ratio of 58.60, a price-to-earnings-growth ratio of 0.99 and a beta of 1.17.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Wednesday, October 22nd. The transportation company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.06). Knight-Swift Transportation had a net margin of 1.90% and a return on equity of 2.98%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter last year, the company earned $0.34 EPS. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. Knight-Swift Transportation has set its Q4 2025 guidance at 0.340-0.400 EPS. As a group, analysts anticipate that Knight-Swift Transportation will post 2.13 EPS for the current year.

Insiders Place Their Bets

In related news, Chairman Kevin P. Knight sold 35,000 shares of the business’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $51.01, for a total transaction of $1,785,350.00. Following the sale, the chairman directly owned 1,405,347 shares in the company, valued at approximately $71,686,750.47. The trade was a 2.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Cary M. Flanagan sold 4,300 shares of the stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $45.04, for a total value of $193,672.00. Following the sale, the chief accounting officer directly owned 5,644 shares in the company, valued at $254,205.76. This trade represents a 43.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 43,992 shares of company stock worth $2,220,707 over the last 90 days. Corporate insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Brooklyn Investment Group lifted its holdings in shares of Knight-Swift Transportation by 93.4% in the first quarter. Brooklyn Investment Group now owns 642 shares of the transportation company’s stock worth $28,000 after buying an additional 310 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of Knight-Swift Transportation by 1,478.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the transportation company’s stock worth $35,000 after purchasing an additional 828 shares during the period. SJS Investment Consulting Inc. raised its position in shares of Knight-Swift Transportation by 7,100.0% in the third quarter. SJS Investment Consulting Inc. now owns 936 shares of the transportation company’s stock worth $37,000 after buying an additional 923 shares in the last quarter. Versant Capital Management Inc boosted its stake in Knight-Swift Transportation by 111.3% during the third quarter. Versant Capital Management Inc now owns 936 shares of the transportation company’s stock valued at $37,000 after buying an additional 493 shares during the period. Finally, MMA Asset Management LLC purchased a new position in Knight-Swift Transportation during the third quarter worth about $41,000. Hedge funds and other 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.