Knight-Swift Transportation (NYSE:KNX) PT Lowered to $60.00 at Robert W. Baird

Knight-Swift Transportation (NYSE:KNX) had its price objective reduced by investment analysts at Robert W. Baird from $64.00 to $60.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the transportation company’s stock. Robert W. Baird’s target price indicates a potential upside of 27.99% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the stock. TD Cowen reduced their price objective on shares of Knight-Swift Transportation from $58.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Stephens reduced their price objective on shares of Knight-Swift Transportation from $65.00 to $60.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. Bank of America reduced their price objective on shares of Knight-Swift Transportation from $58.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Stifel Nicolaus reduced their price objective on shares of Knight-Swift Transportation from $60.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Knight-Swift Transportation from $62.00 to $60.00 and set a “neutral” rating for the company in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $57.71.

Knight-Swift Transportation Trading Down 0.6 %

KNX opened at $46.88 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.94 and a quick ratio of 0.94. Knight-Swift Transportation has a fifty-two week low of $45.73 and a fifty-two week high of $60.99. The firm has a market capitalization of $7.57 billion, a PE ratio of 69.97, a P/E/G ratio of 2.48 and a beta of 0.99. The company’s 50-day moving average is $53.52 and its 200 day moving average is $54.15.

Knight-Swift Transportation (NYSE:KNX) last posted its earnings results on Wednesday, April 24th. The transportation company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.07). Knight-Swift Transportation had a return on equity of 2.53% and a net margin of 1.50%. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the prior year, the company earned $0.73 EPS. The company’s revenue was up 10.0% on a year-over-year basis. As a group, research analysts predict that Knight-Swift Transportation will post 1.31 earnings per share for the current fiscal year.

Insider Activity at Knight-Swift Transportation

In related news, CAO Cary M. Flanagan sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $56.24, for a total transaction of $112,480.00. Following the sale, the chief accounting officer now directly owns 5,118 shares in the company, valued at approximately $287,836.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Knight-Swift Transportation

Several institutional investors and hedge funds have recently bought and sold shares of KNX. CWM LLC raised its position in shares of Knight-Swift Transportation by 13.0% during the 3rd quarter. CWM LLC now owns 3,063 shares of the transportation company’s stock valued at $154,000 after buying an additional 352 shares in the last quarter. AE Wealth Management LLC increased its position in shares of Knight-Swift Transportation by 3.4% during the third quarter. AE Wealth Management LLC now owns 23,325 shares of the transportation company’s stock valued at $1,170,000 after buying an additional 769 shares during the period. SG Americas Securities LLC boosted its stake in Knight-Swift Transportation by 200.8% during the third quarter. SG Americas Securities LLC now owns 28,538 shares of the transportation company’s stock worth $1,431,000 after acquiring an additional 19,052 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in Knight-Swift Transportation by 5.0% during the third quarter. Asset Management One Co. Ltd. now owns 61,295 shares of the transportation company’s stock worth $3,074,000 after acquiring an additional 2,912 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC boosted its stake in Knight-Swift Transportation by 12.2% during the third quarter. Linden Thomas Advisory Services LLC now owns 13,279 shares of the transportation company’s stock worth $666,000 after acquiring an additional 1,445 shares in the last quarter. 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.