Knight-Swift Transportation (NYSE:KNX) Price Target Raised to $65.00

Knight-Swift Transportation (NYSE:KNX) had its price target boosted by Barclays from $50.00 to $65.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have an overweight rating on the transportation company’s stock.

A number of other equities research analysts have also recently commented on KNX. Zacks Research raised Knight-Swift Transportation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 3rd. Benchmark lifted their price target on shares of Knight-Swift Transportation from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday. Susquehanna upped their price objective on shares of Knight-Swift Transportation from $42.00 to $58.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Weiss Ratings upgraded shares of Knight-Swift Transportation from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, December 29th. Finally, Wells Fargo & Company boosted their target price on shares of Knight-Swift Transportation from $58.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 6th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $59.35.

Knight-Swift Transportation Trading Down 1.5%

KNX opened at $56.65 on Thursday. The company has a fifty day moving average price of $50.50 and a two-hundred day moving average price of $46.05. Knight-Swift Transportation has a 1-year low of $36.69 and a 1-year high of $61.51. The company has a market cap of $9.20 billion, a P/E ratio of 64.38, a price-to-earnings-growth ratio of 0.75 and a beta of 1.16. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.31.

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

Insider Activity

In related news, SVP Reed Stultz sold 4,692 shares of the stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $51.51, for a total transaction of $241,684.92. Following the completion of the sale, the senior vice president directly owned 465 shares of the company’s stock, valued at approximately $23,952.15. This trade represents a 90.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Cary M. Flanagan sold 4,300 shares of Knight-Swift Transportation stock in a transaction on Friday, November 7th. The stock was sold at an average price of $45.04, for a total value of $193,672.00. Following the sale, the chief accounting officer owned 5,644 shares in the company, valued at $254,205.76. This trade represents a 43.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 43,992 shares of company stock valued at $2,220,707 over the last three months. Corporate insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Knight-Swift Transportation

Several institutional investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd raised its position in Knight-Swift Transportation by 1,478.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the transportation company’s stock worth $35,000 after acquiring an additional 828 shares during the period. SJS Investment Consulting Inc. grew its position in shares of Knight-Swift Transportation by 7,100.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 936 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 923 shares during the period. Versant Capital Management Inc increased its stake in shares of Knight-Swift Transportation by 111.3% during the 3rd quarter. Versant Capital Management Inc now owns 936 shares of the transportation company’s stock worth $37,000 after purchasing an additional 493 shares during the last quarter. MMA Asset Management LLC bought a new stake in shares of Knight-Swift Transportation in the 3rd quarter worth approximately $41,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new position in Knight-Swift Transportation in the second quarter valued at approximately $55,000. Institutional investors own 88.77% of the company’s stock.

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.