Stifel Nicolaus Increases Knight-Swift Transportation (NYSE:KNX) Price Target to $88.00

Knight-Swift Transportation (NYSE:KNX) had its price objective raised by analysts at Stifel Nicolaus from $85.00 to $88.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. Stifel Nicolaus’ price target indicates a potential upside of 21.54% from the stock’s previous close.

A number of other research firms have also commented on KNX. Evercore raised Knight-Swift Transportation from an “in-line” rating to an “outperform” rating and set a $65.00 price target for the company in a report on Friday, March 27th. Morgan Stanley raised their price objective on Knight-Swift Transportation from $70.00 to $100.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. Susquehanna lifted their price objective on Knight-Swift Transportation from $90.00 to $96.00 and gave the stock a “positive” rating in a report on Thursday. The Goldman Sachs Group increased their price objective on Knight-Swift Transportation from $65.00 to $86.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Finally, Citizens Jmp assumed coverage on shares of Knight-Swift Transportation in a report on Wednesday, July 15th. They set a “market outperform” rating and a $90.00 price target for the company. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $84.44.

Knight-Swift Transportation Stock Performance

Shares of KNX opened at $72.40 on Thursday. Knight-Swift Transportation has a 1 year low of $38.63 and a 1 year high of $82.86. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.88 and a quick ratio of 0.70. The stock’s fifty day moving average price is $75.60 and its two-hundred day moving average price is $64.97. The firm has a market cap of $11.76 billion, a PE ratio of 278.48, a PEG ratio of 0.78 and a beta of 1.18.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings results 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. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.05 billion. Knight-Swift Transportation had a return on equity of 3.51% and a net margin of 0.56%.The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.21 EPS. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. On average, equities research analysts forecast that Knight-Swift Transportation will post 2.3 EPS for the current year.

Hedge Funds Weigh In On Knight-Swift Transportation

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in Knight-Swift Transportation by 123.9% during the first quarter. Blue Trust Inc. now owns 544 shares of the transportation company’s stock worth $31,000 after acquiring an additional 301 shares in the last quarter. Clearstead Advisors LLC grew its stake 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 worth $35,000 after acquiring an additional 385 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of 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 worth $35,000 after purchasing an additional 828 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in Knight-Swift Transportation in the 4th quarter worth about $39,000. Finally, Fifth Third Bancorp boosted its stake in Knight-Swift Transportation by 44.4% in the 4th quarter. Fifth Third Bancorp now owns 868 shares of the transportation company’s stock worth $45,000 after purchasing an additional 267 shares in the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation News Roundup

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

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.