Evercore ISI Raises Knight-Swift Transportation (NYSE:KNX) Price Target to $61.00

Knight-Swift Transportation (NYSE:KNX) had its target price boosted by analysts at Evercore ISI from $47.00 to $61.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “in-line” rating on the transportation company’s stock. Evercore ISI’s price objective would indicate a potential upside of 6.78% from the stock’s current price.

Other analysts have also recently issued reports about the company. Weiss Ratings raised Knight-Swift Transportation from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, December 29th. Citigroup raised their price target on Knight-Swift Transportation from $59.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Bank of America upgraded shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $41.00 to $50.00 in a report on Thursday, October 16th. Wells Fargo & Company increased their price target on shares of Knight-Swift Transportation from $58.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, January 6th. Finally, Barclays lowered their price objective on shares of Knight-Swift Transportation from $55.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $58.65.

Knight-Swift Transportation Price Performance

Shares of KNX opened at $57.13 on Tuesday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.31. The stock has a market cap of $9.27 billion, a P/E ratio of 64.92, a price-to-earnings-growth ratio of 0.76 and a beta of 1.16. The stock’s 50-day moving average price is $50.04 and its two-hundred day moving average price is $45.88. Knight-Swift Transportation has a 1 year low of $36.69 and a 1 year high of $61.51.

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

Insider Buying and Selling

In other Knight-Swift Transportation news, CAO Cary M. Flanagan sold 4,300 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $45.04, for a total transaction of $193,672.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Reed Stultz sold 4,692 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $51.51, for a total value of $241,684.92. Following the completion of the transaction, the senior vice president directly owned 465 shares in the company, valued at $23,952.15. The trade was a 90.98% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 43,992 shares of company stock valued at $2,220,707. Company insiders own 3.00% of the company’s stock.

Institutional Trading of Knight-Swift Transportation

Hedge funds have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd grew its holdings in Knight-Swift Transportation by 1,478.6% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the transportation company’s stock valued at $35,000 after buying an additional 828 shares in the last quarter. SJS Investment Consulting Inc. boosted 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 valued at $37,000 after acquiring an additional 923 shares during the period. Versant Capital Management Inc grew its stake in shares of Knight-Swift Transportation by 111.3% in the third quarter. Versant Capital Management Inc now owns 936 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 493 shares in the last quarter. MMA Asset Management LLC bought a new position in Knight-Swift Transportation during the third quarter worth about $41,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new stake in Knight-Swift Transportation in the 2nd quarter worth about $55,000. 88.77% of the stock is owned by institutional investors and hedge funds.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc (NYSE: KNX) is one of North America’s largest asset-based truckload carriers, offering a wide range of transportation and logistics services. The company was formed in 2017 through the merger of Knight Transportation and Swift Transportation, each with decades of experience in long-haul dry van and refrigerated freight. Since the merger, Knight-Swift has pursued a growth strategy that includes fleet expansions, targeted acquisitions, and investments in technology to enhance service reliability and network efficiency.

The company’s core business activities include full truckload operations for dry van, temperature-controlled and flatbed shipments.