Wells Fargo & Company Raises Knight-Swift Transportation (NYSE:KNX) Price Target to $58.00

Knight-Swift Transportation (NYSE:KNX) had its target price lifted by analysts at Wells Fargo & Company from $48.00 to $58.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the transportation company’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 9.12% from the stock’s previous close.

KNX has been the subject of a number of other research reports. Raymond James Financial raised their price objective on shares of Knight-Swift Transportation from $55.00 to $59.00 and gave the stock a “strong-buy” rating in a report on Tuesday, October 14th. JPMorgan Chase & Co. lifted their price target 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. Barclays reduced their price objective on Knight-Swift Transportation from $55.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, October 2nd. Zacks Research upgraded Knight-Swift Transportation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 3rd. Finally, Citigroup increased their price target on Knight-Swift Transportation from $55.00 to $59.00 and gave the stock a “buy” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $54.82.

Knight-Swift Transportation Trading Up 1.3%

Shares of KNX stock opened at $53.15 on Thursday. Knight-Swift Transportation has a 52-week low of $36.69 and a 52-week high of $61.51. The company has a 50-day simple moving average of $45.79 and a two-hundred day simple moving average of $44.25. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.33 and a current ratio of 1.33. The company has a market capitalization of $8.63 billion, a price-to-earnings ratio of 60.40, a PEG ratio of 1.04 and a beta of 1.17.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings results on Wednesday, October 22nd. The transportation company reported $0.32 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 for the quarter, compared to analysts’ expectations of $1.91 billion. During the same period in the previous year, the business posted $0.34 earnings per share. The business’s revenue 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. Research analysts anticipate that Knight-Swift Transportation will post 2.13 EPS for the current fiscal year.

Insiders Place Their Bets

In other Knight-Swift Transportation news, Chairman Kevin P. Knight sold 35,000 shares of Knight-Swift Transportation stock in a transaction dated 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 completion of the transaction, the chairman owned 1,405,347 shares of the company’s stock, valued at $71,686,750.47. The trade was a 2.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Cary M. Flanagan sold 4,300 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $45.04, for a total value of $193,672.00. Following the sale, the chief accounting officer owned 5,644 shares in the company, valued at approximately $254,205.76. This represents a 43.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 43,992 shares of company stock worth $2,220,707 in the last quarter. 3.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Knight-Swift Transportation by 3.6% in the first quarter. Vanguard Group Inc. now owns 14,935,845 shares of the transportation company’s stock worth $649,560,000 after buying an additional 515,212 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Knight-Swift Transportation by 1.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,191,354 shares of the transportation company’s stock valued at $51,812,000 after acquiring an additional 16,019 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Knight-Swift Transportation during the 1st quarter valued at about $536,000. Nuveen LLC purchased a new position in shares of Knight-Swift Transportation during the first quarter worth about $21,181,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Knight-Swift Transportation in the first quarter worth approximately $111,000. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

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.