Knight-Swift Transportation (NYSE:KNX) had its price objective upped by Citigroup from $35.00 to $40.00 in a research report sent to investors on Thursday, BenzingaRatingsTable reports. The brokerage currently has a buy rating on the transportation company’s stock.
Other equities analysts have also recently issued reports about the stock. Morgan Stanley set a $36.00 price target on shares of ArcBest and gave the stock a hold rating in a research note on Monday, July 8th. Stephens set a $112.00 price target on shares of Genesee & Wyoming and gave the stock a hold rating in a research note on Monday, July 1st. Finally, ValuEngine raised shares of Knight-Swift Transportation from a sell rating to a hold rating in a research note on Sunday, June 30th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $42.64.
Shares of KNX opened at $36.98 on Thursday. The company has a market cap of $6.40 billion, a PE ratio of 14.45, a P/E/G ratio of 1.00 and a beta of 1.99. Knight-Swift Transportation has a twelve month low of $23.27 and a twelve month high of $39.12. The business’s 50 day simple moving average is $31.96. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.12.
Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.03. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Knight-Swift Transportation had a net margin of 8.28% and a return on equity of 8.69%. The business’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period last year, the business earned $0.44 EPS. Equities research analysts forecast that Knight-Swift Transportation will post 2.45 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Monday, June 3rd were paid a $0.06 dividend. The ex-dividend date was Friday, May 31st. This represents a $0.24 annualized dividend and a dividend yield of 0.65%. Knight-Swift Transportation’s dividend payout ratio is presently 9.38%.
Several large investors have recently added to or reduced their stakes in the stock. FMR LLC grew its stake in shares of Knight-Swift Transportation by 30.3% in the first quarter. FMR LLC now owns 16,940,629 shares of the transportation company’s stock valued at $553,620,000 after buying an additional 3,944,181 shares in the last quarter. Wasatch Advisors Inc. grew its stake in shares of Knight-Swift Transportation by 20.5% in the first quarter. Wasatch Advisors Inc. now owns 5,933,741 shares of the transportation company’s stock valued at $193,915,000 after buying an additional 1,009,719 shares in the last quarter. Impala Asset Management LLC grew its stake in shares of Knight-Swift Transportation by 4.5% in the first quarter. Impala Asset Management LLC now owns 3,100,720 shares of the transportation company’s stock valued at $101,332,000 after buying an additional 133,971 shares in the last quarter. Frontier Capital Management Co. LLC grew its stake in shares of Knight-Swift Transportation by 8.3% in the first quarter. Frontier Capital Management Co. LLC now owns 2,903,755 shares of the transportation company’s stock valued at $94,895,000 after buying an additional 222,781 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Knight-Swift Transportation by 16.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,705,986 shares of the transportation company’s stock valued at $67,842,000 after buying an additional 379,298 shares in the last quarter. 83.02% of the stock is owned by institutional investors and hedge funds.
About Knight-Swift Transportation
Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada. The company operates through six segments: Knight Trucking, Knight Logistics, Swift Truckload, Swift Dedicated, Swift Refrigerated, and Swift Intermodal.
Featured Story: What is the Current Ratio?
Receive News & Ratings for Knight-Swift Transportation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knight-Swift Transportation and related companies with MarketBeat.com's FREE daily email newsletter.