Knight-Swift Transportation (NYSE:KNX) Given New $85.00 Price Target at Stifel Nicolaus

Knight-Swift Transportation (NYSE:KNX) had its target price increased by stock analysts at Stifel Nicolaus from $70.00 to $85.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 13.27% from the stock’s previous close.

KNX has been the topic of a number of other research reports. Barclays increased their target price on shares of Knight-Swift Transportation from $75.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Raymond James Financial boosted their price target on Knight-Swift Transportation from $76.00 to $91.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 2nd. JPMorgan Chase & Co. raised their price objective on Knight-Swift Transportation from $70.00 to $77.00 and gave the stock a “neutral” rating in a research note on Friday. The Goldman Sachs Group lifted their price objective on Knight-Swift Transportation from $65.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Finally, Evercore upgraded Knight-Swift Transportation from an “in-line” rating to an “outperform” rating and set a $65.00 target price for the company in a research report on Friday, March 27th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $79.88.

Knight-Swift Transportation Price Performance

Shares of NYSE KNX opened at $75.04 on Monday. The firm has a market cap of $12.19 billion, a P/E ratio of 357.37, a price-to-earnings-growth ratio of 0.85 and a beta of 1.18. The business’s 50 day moving average is $73.34 and its 200-day moving average is $63.50. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.26. Knight-Swift Transportation has a 1-year low of $38.63 and a 1-year high of $82.86.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.20). The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.85 billion. Knight-Swift Transportation had a net margin of 0.45% and a return on equity of 2.94%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.28 earnings per share. Equities research analysts predict that Knight-Swift Transportation will post 2.18 earnings per share for the current year.

Institutional Trading of Knight-Swift Transportation

Large investors have recently bought and sold shares of the business. Blue Trust Inc. raised its stake in Knight-Swift Transportation by 123.9% during the first quarter. Blue Trust Inc. now owns 544 shares of the transportation company’s stock worth $31,000 after acquiring an additional 301 shares in the last quarter. Clearstead Advisors LLC boosted its stake in shares of Knight-Swift Transportation by 134.6% in the 4th quarter. Clearstead Advisors LLC now owns 671 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 385 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Knight-Swift Transportation during the 4th quarter valued at approximately $39,000. Fifth Third Bancorp increased its position in Knight-Swift Transportation by 44.4% during the 4th quarter. Fifth Third Bancorp now owns 868 shares of the transportation company’s stock worth $45,000 after purchasing an additional 267 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its position 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 worth $35,000 after purchasing an additional 828 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.