Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Receives $70.19 Consensus PT from Analysts

Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) have been given an average rating of “Moderate Buy” by the eighteen brokerages that are covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $71.8125.

A number of research analysts recently weighed in on KNX shares. UBS Group upped their price objective on Knight-Swift Transportation from $79.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Benchmark increased their price target on Knight-Swift Transportation from $70.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Wells Fargo & Company raised their price target on Knight-Swift Transportation from $65.00 to $86.00 and gave the stock an “overweight” rating in a report on Friday, June 5th. Barclays lifted their price target on Knight-Swift Transportation from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. Finally, Citigroup downgraded Knight-Swift Transportation from a “buy” rating to a “neutral” rating and lifted their price target for the company from $72.00 to $90.00 in a report on Monday.

Knight-Swift Transportation Stock Down 5.7%

NYSE:KNX opened at $72.91 on Thursday. The stock has a fifty day simple moving average of $69.12 and a 200-day simple moving average of $60.56. Knight-Swift Transportation has a twelve month low of $38.63 and a twelve month high of $82.86. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.26. The company has a market cap of $11.85 billion, a price-to-earnings ratio of 347.19, a price-to-earnings-growth ratio of 0.99 and a beta of 1.18.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results on Wednesday, April 22nd. The transportation company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.20). Knight-Swift Transportation had a return on equity of 2.94% and a net margin of 0.45%.The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same period last year, the firm earned $0.28 EPS. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. Analysts anticipate that Knight-Swift Transportation will post 2.14 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Monday, June 8th will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, June 8th. This represents a $0.80 dividend on an annualized basis and a yield of 1.1%. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 380.95%.

Hedge Funds Weigh In On Knight-Swift Transportation

Institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. boosted its holdings in Knight-Swift Transportation by 123.9% in the 1st quarter. Blue Trust Inc. now owns 544 shares of the transportation company’s stock worth $31,000 after buying an additional 301 shares during the period. Clearstead Advisors LLC grew its stake in Knight-Swift Transportation by 134.6% during the fourth quarter. Clearstead Advisors LLC now owns 671 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 385 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Knight-Swift Transportation in the 4th quarter worth about $39,000. Fifth Third Bancorp grew its position in shares of Knight-Swift Transportation by 44.4% in the 4th quarter. Fifth Third Bancorp now owns 868 shares of the transportation company’s stock worth $45,000 after buying an additional 267 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in Knight-Swift Transportation by 1,478.6% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 828 shares during the period. Institutional investors and hedge funds 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.