JPMorgan Chase & Co. Issues Positive Forecast for Knight-Swift Transportation (NYSE:KNX) Stock Price

Knight-Swift Transportation (NYSE:KNX) had its price objective raised by research analysts at JPMorgan Chase & Co. from $68.00 to $74.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. JPMorgan Chase & Co.’s target price suggests a potential upside of 14.98% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Sanford C. Bernstein initiated coverage on Knight-Swift Transportation in a research report on Thursday, September 10th. They issued an “outperform” rating and a $91.00 price objective for the company. Zacks Research downgraded Knight-Swift Transportation from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 31st. UBS Group decreased their target price on Knight-Swift Transportation from $94.00 to $82.00 and set a “buy” rating on the stock in a report on Tuesday, October 13th. Susquehanna dropped their price target on Knight-Swift Transportation from $96.00 to $85.00 and set a “positive” rating on the stock in a research note on Friday, October 2nd. Finally, Stifel Nicolaus raised their price target on Knight-Swift Transportation from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Knight-Swift Transportation presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.28.

Knight-Swift Transportation Stock Performance

Shares of KNX stock traded up $1.16 on Thursday, reaching $64.36. The stock had a trading volume of 572,776 shares, compared to its average volume of 3,642,389. Knight-Swift Transportation has a 12 month low of $41.24 and a 12 month high of $82.86. The firm has a market capitalization of $10.48 billion, a price-to-earnings ratio of 250.75, a P/E/G ratio of 0.54 and a beta of 1.21. The firm’s 50-day moving average is $67.21 and its two-hundred day moving average is $69.60. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.32.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings results on Wednesday, October 21st. The transportation company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.07. The business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Knight-Swift Transportation had a return on equity of 3.51% and a net margin of 0.56%. Knight-Swift Transportation’s quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the company posted $0.32 earnings per share. On average, research analysts expect that Knight-Swift Transportation will post 2.42 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director David Vander Ploeg sold 2,200 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $52.33, for a total value of $115,126.00. Following the transaction, the director owned 30,252 shares of the company’s stock, valued at approximately $1,583,087.16. This represents a 6.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Cary M. Flanagan sold 3,600 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $70.82, for a total value of $254,952.00. Following the completion of the transaction, the chief accounting officer directly owned 5,405 shares in the company, valued at $382,782.10. The trade was a 39.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 224,954 shares of company stock worth $16,183,454 over the last three months. Insiders own 2.90% of the company’s stock.

Institutional Trading of Knight-Swift Transportation

Several hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in Knight-Swift Transportation by 123.9% in the 1st quarter. Blue Trust Inc. now owns 544 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 301 shares during the period. MCF Advisors LLC grew its holdings in Knight-Swift Transportation by 55.8% in the 2nd quarter. MCF Advisors LLC now owns 676 shares of the transportation company’s stock valued at $53,000 after buying an additional 242 shares in the last quarter. Harbor Investment Advisory LLC acquired a new position in Knight-Swift Transportation in the 1st quarter valued at $72,000. Root Financial Partners LLC bought a new position in Knight-Swift Transportation during the 3rd quarter worth $94,000. Finally, Bessemer Group Inc. increased its position in Knight-Swift Transportation by 280.2% during the 1st quarter. Bessemer Group Inc. now owns 2,129 shares of the transportation company’s stock worth $122,000 after buying an additional 1,569 shares during the period. 88.77% of the stock is owned by institutional investors and hedge funds.

Key Knight-Swift Transportation News

Here are the key news stories impacting Knight-Swift Transportation this week:

• Positive Sentiment: Q3 earnings and revenue exceeded expectations. Knight-Swift reported adjusted earnings of $0.83 per share, above the $0.75-$0.76 analyst consensus, while revenue rose 14.2% year over year to $2.20 billion, topping estimates of approximately $2.16 billion. Earnings also increased sharply from $0.32 per share in the prior-year quarter. Knight-Swift Transportation Tops Q3 Earnings and Revenue Estimates
• Positive Sentiment: Management expects further sequential improvement. Knight-Swift projected fourth-quarter 2026 adjusted EPS of $0.78-$0.84 and said truckload operating income should improve meaningfully from the third quarter. Commentary pointing to margin recovery and tighter trucking capacity suggests better pricing and utilization could support future results. Knight-Swift Projects Q4 2026 Adjusted EPS
• Positive Sentiment: Stifel raised its price target and upgraded the stock. Stifel Nicolaus increased its target from $90 to $92 and assigned a “buy” rating, implying substantial potential appreciation from the reported reference price of $63.12. Benzinga Knight-Swift Price Target Update
• Neutral Sentiment: The earnings beat marks a continued improvement in performance, but investors will focus on whether stronger freight rates and tighter capacity persist enough to deliver the projected margin recovery.
• Negative Sentiment: Despite the operational improvement, Knight-Swift’s reported net margin remained very thin at 0.56%, and its elevated valuation—approximately 242 times earnings based on the provided figures—leaves the stock sensitive to any disappointment in the recovery or guidance.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc is a transportation and logistics company that provides freight services across North America. The company operates one of the largest truckload fleets in the United States and serves a broad range of industries through its network of company-owned equipment, independent contractors, terminals and distribution facilities.

Its services include dry-van, refrigerated and flatbed truckload transportation; dedicated and expedited delivery; less-than-truckload shipping; freight brokerage; intermodal transportation; cross-border logistics; and warehousing and other supply-chain services.