Knight-Swift Transportation (NYSE:KNX) Upgraded by Evercore to “Outperform” Rating

Knight-Swift Transportation (NYSE:KNX) was upgraded by stock analysts at Evercore from an “in-line” rating to an “outperform” rating in a report released on Friday. The brokerage currently has a $65.00 price target on the transportation company’s stock. Evercore’s price target indicates a potential upside of 17.09% from the company’s current price.

Several other research analysts have also weighed in on the stock. TD Cowen upped their price objective on shares of Knight-Swift Transportation from $53.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th. Citigroup raised shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and set a $64.00 price target on the stock in a research note on Friday, March 13th. Weiss Ratings cut Knight-Swift Transportation from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, February 20th. Stifel Nicolaus lowered their target price on Knight-Swift Transportation from $63.00 to $61.00 and set a “buy” rating on the stock in a research note on Thursday, January 22nd. Finally, Barclays upped their target price on Knight-Swift Transportation from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $61.67.

Knight-Swift Transportation Stock Down 1.5%

NYSE:KNX opened at $55.51 on Friday. The business’s fifty day moving average price is $57.72 and its 200 day moving average price is $50.64. The firm has a market capitalization of $9.02 billion, a price-to-earnings ratio of 135.40, a PEG ratio of 0.85 and a beta of 1.12. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.30. Knight-Swift Transportation has a 1-year low of $36.69 and a 1-year high of $64.10.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results on Wednesday, January 21st. The transportation company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.05). The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.90 billion. Knight-Swift Transportation had a net margin of 0.88% and a return on equity of 2.88%. The company’s revenue was down .4% compared to the same quarter last year. During the same period last year, the firm earned $0.36 EPS. Knight-Swift Transportation has set its Q1 2026 guidance at 0.280-0.320 EPS. On average, sell-side analysts forecast that Knight-Swift Transportation will post 2.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Knight-Swift Transportation news, Chairman Kevin P. Knight sold 30,000 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $61.00, for a total value of $1,830,000.00. Following the completion of the sale, the chairman owned 1,305,347 shares of the company’s stock, valued at $79,626,167. The trade was a 2.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Joshua Smith sold 5,770 shares of the company’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $60.91, for a total value of $351,450.70. Following the sale, the chief financial officer owned 9,214 shares of the company’s stock, valued at approximately $561,224.74. This trade represents a 38.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 42,930 shares of company stock valued at $2,581,186 in the last three months. 3.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Knight-Swift Transportation

A number of large investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC grew its holdings 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 valued at $259,000 after purchasing an additional 1,124 shares during the last quarter. Focus Partners Wealth acquired a new stake in shares of Knight-Swift Transportation in the first quarter worth $451,000. Creative Planning lifted its stake in shares of Knight-Swift Transportation by 39.9% in the second quarter. Creative Planning now owns 33,332 shares of the transportation company’s stock worth $1,474,000 after buying an additional 9,510 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of 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 buying an additional 882 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of Knight-Swift Transportation by 1.9% during the 2nd quarter. American Century Companies Inc. now owns 1,355,712 shares of the transportation company’s stock worth $59,963,000 after buying an additional 24,908 shares during the period. 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.