Knight-Swift Transportation (NYSE:KNX) Price Target Raised to $92.00

Knight-Swift Transportation (NYSE:KNX) had its target price hoisted by Stifel Nicolaus from $90.00 to $92.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has a buy rating on the transportation company’s stock.

Other equities analysts also recently issued reports about the stock. Wall Street Zen downgraded shares of Knight-Swift Transportation from a “buy” rating to a “hold” rating in a report on Saturday, August 29th. Susquehanna reduced their target price on shares of Knight-Swift Transportation from $96.00 to $85.00 and set a “positive” rating for the company in a research note on Friday, October 2nd. Morgan Stanley set a $90.00 target price on shares of Knight-Swift Transportation in a report on Wednesday, September 2nd. Barclays raised their price target on shares of Knight-Swift Transportation from $75.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. Finally, UBS Group dropped their price target on shares of Knight-Swift Transportation from $94.00 to $82.00 and set a “buy” rating on the stock in a research report on Tuesday, October 13th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $82.78.

Knight-Swift Transportation Stock Down 2.1%

Shares of NYSE KNX opened at $61.23 on Thursday. The stock has a market capitalization of $9.97 billion, a P/E ratio of 65.84, a P/E/G ratio of 0.51 and a beta of 1.21. The company has a 50-day moving average price of $66.77 and a 200-day moving average price of $69.57. Knight-Swift Transportation has a 1 year low of $41.24 and a 1 year high of $82.86. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.91 and a quick ratio of 0.88.

Knight-Swift Transportation (NYSE:KNX) last posted its earnings results on Wednesday, October 21st. The transportation company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.07. Knight-Swift Transportation had a net margin of 1.92% and a return on equity of 4.71%. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the prior year, the business posted $0.32 EPS. The firm’s revenue was up 14.2% compared to the same quarter last year. On average, equities research analysts forecast that Knight-Swift Transportation will post 2.55 EPS for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 21st. Investors of record on Friday, September 4th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, September 4th. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 307.69%.

Insider Buying and Selling

In other Knight-Swift Transportation news, CAO Cary Flanagan sold 3,600 shares of the business’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $70.82, for a total value of $254,952.00. Following the transaction, the chief accounting officer owned 5,405 shares of the company’s stock, valued at approximately $382,782.10. The trade was a 39.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Reid Dove sold 126,864 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $73.13, for a total value of $9,277,564.32. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 224,954 shares of company stock worth $16,183,454. 2.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Knight-Swift Transportation

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Apollon Wealth Management LLC boosted its position in Knight-Swift Transportation by 18.5% during the third quarter. Apollon Wealth Management LLC now owns 3,147 shares of the transportation company’s stock worth $200,000 after purchasing an additional 491 shares during the period. Norris Perne & French LLP MI increased its stake in shares of Knight-Swift Transportation by 248.3% in the third quarter. Norris Perne & French LLP MI now owns 473,393 shares of the transportation company’s stock worth $30,103,000 after purchasing an additional 337,461 shares in the last quarter. Signaturefd LLC increased its stake in shares of Knight-Swift Transportation by 10.7% in the third quarter. Signaturefd LLC now owns 4,018 shares of the transportation company’s stock worth $256,000 after purchasing an additional 388 shares in the last quarter. Citizens Financial Group Inc. RI increased its stake in shares of Knight-Swift Transportation by 161.0% in the third quarter. Citizens Financial Group Inc. RI now owns 15,079 shares of the transportation company’s stock worth $959,000 after purchasing an additional 9,302 shares in the last quarter. Finally, Sterling Capital Management LLC raised its position in shares of Knight-Swift Transportation by 72.4% in the third quarter. Sterling Capital Management LLC now owns 8,201 shares of the transportation company’s stock valued at $522,000 after purchasing an additional 3,445 shares during the period. 88.77% of the stock is owned by hedge funds and other institutional investors.

Key Knight-Swift Transportation News

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

• Positive Sentiment: KNX reported third-quarter adjusted EPS of $0.83, above the approximately $0.75–$0.76 analyst consensus, while revenue of $2.20 billion also exceeded expectations. EPS more than doubled from $0.32 a year earlier, supported by improving truckload pricing and early margin recovery. Knight-Swift Q3 earnings report
• Positive Sentiment: Management expects truckload operating income to improve meaningfully in the fourth quarter, and commentary pointed to tighter capacity and better pricing as potential catalysts for further earnings recovery. First look at Knight-Swift’s Q3 results
• Positive Sentiment: Several analysts still see substantial upside: Stifel raised its price target to $92 with a buy rating, while Wells Fargo maintained an overweight rating despite lowering its target to $79. A valuation analysis also suggested KNX may be significantly undervalued if the earnings recovery continues. Knight-Swift may be undervalued
• Neutral Sentiment: JPMorgan raised its target from $68 to $74 but kept a neutral rating, indicating that analysts recognize the recovery potential while remaining cautious about execution and industry conditions. JPMorgan analyst action
• Negative Sentiment: Fourth-quarter adjusted EPS guidance of $0.78–$0.84 has a midpoint of $0.81, slightly below the $0.82 consensus estimate. The guidance may be weighing on the stock because it suggests that the recovery will be gradual rather than immediate. Knight-Swift Q4 guidance

About Knight-Swift Transportation

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.