Knight-Swift Transportation (NYSE:KNX) Price Target Raised to $64.00

Knight-Swift Transportation (NYSE:KNX) had its target price lifted by Citigroup from $59.00 to $64.00 in a report issued on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the transportation company’s stock.

Other equities research analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft raised Knight-Swift Transportation from a “hold” rating to a “buy” rating and raised their price objective for the company from $43.00 to $53.00 in a research report on Thursday, October 2nd. Susquehanna increased their price target on shares of Knight-Swift Transportation from $42.00 to $58.00 and gave the company a “neutral” rating in a research report on Thursday. Bank of America raised shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $41.00 to $50.00 in a research report on Thursday, October 16th. Raymond James Financial boosted their price objective on shares of Knight-Swift Transportation from $55.00 to $59.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, October 14th. Finally, Wells Fargo & Company raised their target price on shares of Knight-Swift Transportation from $58.00 to $60.00 and gave the company an “overweight” rating in a research note on Tuesday, January 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Knight-Swift Transportation presently has a consensus rating of “Moderate Buy” and an average price target of $56.59.

Knight-Swift Transportation Stock Performance

Shares of KNX stock opened at $57.11 on Thursday. The firm has a market cap of $9.27 billion, a price-to-earnings ratio of 64.90, a PEG ratio of 0.75 and a beta of 1.16. Knight-Swift Transportation has a 52-week low of $36.69 and a 52-week high of $61.51. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.31. The company’s 50 day moving average is $49.28 and its 200 day moving average is $45.62.

Knight-Swift Transportation (NYSE:KNX) last posted its earnings results on Wednesday, October 22nd. The transportation company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.06). Knight-Swift Transportation had a return on equity of 2.98% and a net margin of 1.90%.The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter in the prior year, the company earned $0.34 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. Knight-Swift Transportation has set its Q4 2025 guidance at 0.340-0.400 EPS. On average, sell-side analysts anticipate that Knight-Swift Transportation will post 2.13 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Chairman Kevin P. Knight sold 35,000 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $51.01, for a total transaction of $1,785,350.00. Following the sale, the chairman directly owned 1,405,347 shares of the company’s stock, valued at $71,686,750.47. This trade represents a 2.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Reed Stultz sold 4,692 shares of the business’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $51.51, for a total transaction of $241,684.92. Following the completion of the transaction, the senior vice president owned 465 shares of the company’s stock, valued at approximately $23,952.15. This represents a 90.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 43,992 shares of company stock valued at $2,220,707 over the last quarter. 3.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in KNX. ProShare Advisors LLC increased its stake in shares of Knight-Swift Transportation by 3.8% during the second quarter. ProShare Advisors LLC now owns 7,529 shares of the transportation company’s stock worth $333,000 after purchasing an additional 276 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Knight-Swift Transportation by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 52,930 shares of the transportation company’s stock worth $2,091,000 after purchasing an additional 306 shares during the period. Jones Financial Companies Lllp lifted its stake in Knight-Swift Transportation by 2.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 13,081 shares of the transportation company’s stock worth $519,000 after acquiring an additional 343 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in shares of Knight-Swift Transportation by 4.5% in the third quarter. Benjamin Edwards Inc. now owns 8,130 shares of the transportation company’s stock valued at $321,000 after purchasing an additional 351 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in shares of Knight-Swift Transportation by 21.3% in the second quarter. IFP Advisors Inc now owns 2,162 shares of the transportation company’s stock valued at $96,000 after acquiring an additional 379 shares in the last quarter. 88.77% of the stock is owned by institutional investors and hedge funds.

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.