Knight-Swift Transportation (NYSE:KNX) Price Target Raised to $86.00

Knight-Swift Transportation (NYSE:KNX) had its target price boosted by research analysts at TD Cowen from $82.00 to $86.00 in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The firm presently has a “buy” rating on the transportation company’s stock. TD Cowen’s price objective would indicate a potential upside of 13.11% from the stock’s previous close.

Several other brokerages have also issued reports on KNX. Zacks Research raised Knight-Swift Transportation from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Citigroup raised Knight-Swift Transportation from a “neutral” rating to a “buy” rating and set a $90.00 target price for the company in a research report on Thursday, July 9th. Wells Fargo & Company lifted their price target on Knight-Swift Transportation from $65.00 to $86.00 and gave the stock an “overweight” rating in a research report on Friday, June 5th. Evercore upgraded Knight-Swift Transportation from an “in-line” rating to an “outperform” rating and set a $65.00 price objective for the company in a research note on Friday, March 27th. Finally, JPMorgan Chase & Co. upped their price target on shares of Knight-Swift Transportation from $70.00 to $77.00 and gave the company a “neutral” rating in a research report on Friday, July 10th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Knight-Swift Transportation has an average rating of “Buy” and a consensus price target of $80.89.

Knight-Swift Transportation Trading Down 0.9%

KNX opened at $76.03 on Thursday. Knight-Swift Transportation has a one year low of $38.63 and a one year high of $82.86. The company has a market cap of $12.35 billion, a P/E ratio of 362.06, a PEG ratio of 0.86 and a beta of 1.18. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.70 and a current ratio of 0.70. The business’s 50-day simple moving average is $75.45 and its 200-day simple moving average is $64.78.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.51 by $0.12. Knight-Swift Transportation had a net margin of 0.45% and a return on equity of 2.94%. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same period in the prior year, the firm posted $0.21 earnings per share. The firm’s revenue was up 12.6% on a year-over-year basis. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. As a group, equities research analysts expect that Knight-Swift Transportation will post 2.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Knight-Swift Transportation

Hedge funds have recently modified their holdings of the stock. Strs Ohio raised its holdings in Knight-Swift Transportation by 24.7% during the fourth quarter. Strs Ohio now owns 448,471 shares of the transportation company’s stock worth $23,446,000 after purchasing an additional 88,707 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Knight-Swift Transportation by 7.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,676,422 shares of the transportation company’s stock valued at $244,250,000 after purchasing an additional 315,192 shares during the last quarter. UBS Group AG grew its holdings in Knight-Swift Transportation by 44.3% in the fourth quarter. UBS Group AG now owns 2,430,896 shares of the transportation company’s stock valued at $127,087,000 after purchasing an additional 745,787 shares during the last quarter. Comerica Bank increased its position in shares of Knight-Swift Transportation by 68.7% in the fourth quarter. Comerica Bank now owns 130,638 shares of the transportation company’s stock valued at $6,830,000 after buying an additional 53,183 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new position in shares of Knight-Swift Transportation during the 4th quarter worth $6,551,000. 88.77% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Knight-Swift Transportation

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

• Positive Sentiment: Knight-Swift delivered adjusted EPS of $0.63, topping estimates of about $0.49-$0.51, while revenue of $2.10 billion also came in above forecasts of roughly $2.05 billion. Article Title
• Positive Sentiment: The company’s revenue increased 12.6% year over year, suggesting improving freight demand and better operating momentum versus last year. Article Title
• Positive Sentiment: Management raised optimism for the next quarter, guiding Q3 2026 EPS to $0.71-$0.77 versus consensus near $0.67, which signals expectations for continued profitability improvement. Article Title
• Neutral Sentiment: Several coverage notes highlighted “rapid progression” in truckload fundamentals and included the earnings call transcript and presentation, reinforcing the market’s focus on management commentary about freight trends and capacity discipline. Article Title
• Positive Sentiment: Zacks also added KNX to its Strong Buy growth list ahead of the report, which may have added to bullish sentiment around the name. Article Title

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.