TD Cowen Forecasts Strong Price Appreciation for Knight-Swift Transportation (NYSE:KNX) Stock

Knight-Swift Transportation (NYSE:KNX) had its target price upped by equities researchers at TD Cowen from $82.00 to $86.00 in a research note issued to investors on Thursday, MarketBeat reports. The brokerage currently has a “buy” rating on the transportation company’s stock. TD Cowen’s price objective indicates a potential upside of 18.78% from the company’s current price.

Several other equities analysts have also issued reports on the company. Stephens upgraded Knight-Swift Transportation to a “strong-buy” rating in a research report on Wednesday, July 8th. Wells Fargo & Company lifted their price target on Knight-Swift Transportation from $65.00 to $86.00 and gave the company an “overweight” rating in a research note on Friday, June 5th. Stifel Nicolaus boosted their price objective on shares of Knight-Swift Transportation from $70.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. The Goldman Sachs Group increased their price objective on shares of Knight-Swift Transportation from $65.00 to $86.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Finally, 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. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $84.44.

Knight-Swift Transportation Trading Up 0.1%

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

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $2.05 billion. During the same period last year, the firm earned $0.21 earnings per share. The business’s revenue for the quarter 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, sell-side analysts anticipate that Knight-Swift Transportation will post 2.3 earnings per share for the current year.

Institutional Trading of Knight-Swift Transportation

Institutional investors and hedge funds have recently modified their holdings of the business. Integrated Wealth Concepts LLC raised its stake in Knight-Swift Transportation by 23.3% during the first quarter. Integrated Wealth Concepts LLC now owns 5,948 shares of the transportation company’s stock worth $259,000 after acquiring an additional 1,124 shares in the last quarter. Focus Partners Wealth bought a new stake in shares of Knight-Swift Transportation during the 1st quarter valued at approximately $451,000. Cetera Investment Advisers increased its position in Knight-Swift Transportation by 6.9% during the 2nd quarter. Cetera Investment Advisers now owns 13,724 shares of the transportation company’s stock worth $607,000 after purchasing an additional 882 shares in the last quarter. Invesco Ltd. increased its position in Knight-Swift Transportation by 57.7% during the 2nd quarter. Invesco Ltd. now owns 1,087,719 shares of the transportation company’s stock worth $48,110,000 after purchasing an additional 398,116 shares in the last quarter. Finally, First Trust Advisors LP increased its position in Knight-Swift Transportation by 54.3% during the 2nd quarter. First Trust Advisors LP now owns 491,702 shares of the transportation company’s stock worth $21,748,000 after purchasing an additional 172,956 shares in the last quarter. 88.77% of the stock is currently owned by institutional investors.

Key Headlines Impacting Knight-Swift Transportation

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.