Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) has received an average recommendation of “Moderate Buy” from the fifteen ratings firms that are presently covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $56.00.

Several equities research analysts have issued reports on KNX shares. JPMorgan Chase & Co. lowered their price objective on shares of Knight-Swift Transportation from $55.00 to $51.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Barclays lowered their price target on Knight-Swift Transportation from $62.00 to $57.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Stephens reduced their price objective on Knight-Swift Transportation from $65.00 to $60.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. Susquehanna lowered their target price on Knight-Swift Transportation from $59.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, April 18th. Finally, Wolfe Research lowered Knight-Swift Transportation from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 11th.

Knight-Swift Transportation Trading Down 1.7 %

Shares of NYSE KNX opened at $51.16 on Thursday. Knight-Swift Transportation has a fifty-two week low of $45.55 and a fifty-two week high of $60.99. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market cap of $8.27 billion, a price-to-earnings ratio of 76.36, a PEG ratio of 1.31 and a beta of 0.94. The business’s 50 day moving average price is $48.66 and its 200-day moving average price is $52.40.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results on Wednesday, April 24th. The transportation company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.07). The business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Knight-Swift Transportation had a return on equity of 2.54% and a net margin of 1.50%. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.73 EPS. On average, sell-side analysts expect that Knight-Swift Transportation will post 1.23 earnings per share for the current year.

Knight-Swift Transportation Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Monday, June 10th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, June 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.25%. Knight-Swift Transportation’s payout ratio is 95.52%.

Hedge Funds Weigh In On Knight-Swift Transportation

Several institutional investors and hedge funds have recently bought and sold shares of KNX. Rise Advisors LLC acquired a new stake in shares of Knight-Swift Transportation in the 1st quarter worth $25,000. GAMMA Investing LLC boosted its holdings in Knight-Swift Transportation by 67.5% in the first quarter. GAMMA Investing LLC now owns 628 shares of the transportation company’s stock worth $35,000 after acquiring an additional 253 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Knight-Swift Transportation by 3,461.9% during the second quarter. Versant Capital Management Inc now owns 748 shares of the transportation company’s stock worth $37,000 after acquiring an additional 727 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in shares of Knight-Swift Transportation by 136.5% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 667 shares of the transportation company’s stock valued at $38,000 after acquiring an additional 385 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of Knight-Swift Transportation by 80.3% in the 4th quarter. Blue Trust Inc. now owns 732 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 326 shares during the last quarter. 88.77% of the stock is owned by hedge funds and other institutional investors.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides freight transportation services in the United States and Mexico. The company operates through four segments: Truckload, Less-than-truckload (LTL), Logistics, and Intermodal. The Truckload segment provides transportation services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.