Knight-Swift Transportation (NYSE:KNX) Stock Price Expected to Rise, Bank of America Analyst Says

Knight-Swift Transportation (NYSE:KNX) had its price objective boosted by equities research analysts at Bank of America from $90.00 to $98.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Bank of America‘s price target would indicate a potential upside of 35.35% from the stock’s previous close.

A number of other brokerages have also recently weighed in on KNX. Barclays increased their price target on Knight-Swift Transportation from $75.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Morgan Stanley boosted their price objective on Knight-Swift Transportation from $70.00 to $100.00 and gave the company an “overweight” rating in a research report on Monday, July 6th. TD Cowen upped their price objective on Knight-Swift Transportation from $82.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday. Citizens Jmp began coverage on Knight-Swift Transportation in a research report on Wednesday, July 15th. They issued a “market outperform” rating and a $90.00 target price on the stock. Finally, Stephens upgraded Knight-Swift Transportation to a “strong-buy” rating in a research note on Wednesday, July 8th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $84.44.

Knight-Swift Transportation Trading Up 0.1%

NYSE KNX opened at $72.40 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.70 and a current ratio of 0.88. Knight-Swift Transportation has a one year low of $38.63 and a one year high of $82.86. The company has a 50-day simple moving average of $75.60 and a 200-day simple moving average of $64.97. The firm has a market capitalization of $11.76 billion, a PE ratio of 278.48, a price-to-earnings-growth ratio of 0.78 and a beta of 1.18.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.12. Knight-Swift Transportation had a net margin of 0.56% and a return on equity of 3.51%. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the prior year, the business earned $0.21 earnings per share. Knight-Swift Transportation’s quarterly revenue was up 12.6% on a year-over-year basis. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. On average, equities analysts forecast that Knight-Swift Transportation will post 2.3 earnings per share for the current year.

Hedge Funds Weigh In On Knight-Swift Transportation

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KNX. Blue Trust Inc. increased its position in shares of Knight-Swift Transportation by 123.9% during the 1st quarter. Blue Trust Inc. now owns 544 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 301 shares during the period. Clearstead Advisors LLC lifted its holdings in shares of Knight-Swift Transportation by 134.6% in the fourth quarter. Clearstead Advisors LLC now owns 671 shares of the transportation company’s stock valued at $35,000 after buying an additional 385 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in Knight-Swift Transportation by 1,478.6% during the third 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. Los Angeles Capital Management LLC bought a new position in Knight-Swift Transportation during the fourth quarter valued at about $39,000. Finally, Fifth Third Bancorp grew its holdings in Knight-Swift Transportation by 44.4% during the fourth quarter. Fifth Third Bancorp now owns 868 shares of the transportation company’s stock worth $45,000 after acquiring an additional 267 shares during the period. 88.77% of the stock is owned by institutional investors.

More Knight-Swift Transportation News

Here are the key news stories impacting Knight-Swift Transportation this week:

• Positive Sentiment: KNX beat Q2 estimates, reporting $0.63 EPS versus $0.49-$0.51 expected, with revenue of $2.10 billion topping forecasts of about $2.05 billion. Article: Knight-Swift Transportation Holdings (KNX) Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Margins improved as truckload pricing, network efficiency and intermodal growth helped drive profitability, with truckload EBIT and EPS showing sharp year-over-year gains. Article: Knight-Swift Q2 Earnings Beat Estimates on Truckload Margin Gains
• Positive Sentiment: Several firms raised price targets after the report, including Bank of America, Stifel, Susquehanna, TD Cowen and JPMorgan, signaling improved sentiment toward KNX. Article: Analyst price target updates
• Positive Sentiment: KNX was also added to Zacks’ Rank #1 “Strong Buy” growth list, which may support investor confidence in the stock. Article: Best Growth Stocks to Buy for July 24th
• Neutral Sentiment: Market commentary notes the stock is falling today after the earnings release, likely reflecting a “buy the rumor, sell the news” reaction or investor concern about whether the strong quarter can be sustained. Article: Why Knight-Swift Transportation (KNX) stock is falling today

About Knight-Swift Transportation

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.