Knight-Swift Transportation (NYSE:KNX) Upgraded to Sell by StockNews.com

Knight-Swift Transportation (NYSE:KNX) was upgraded by research analysts at StockNews.com to a “sell” rating in a report released on Thursday.

A number of other brokerages have also recently weighed in on KNX. UBS Group dropped their target price on shares of Knight-Swift Transportation from $59.00 to $58.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Barclays dropped their price objective on shares of Knight-Swift Transportation from $62.00 to $57.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. Bank of America lifted their target price on Knight-Swift Transportation from $54.00 to $55.00 and gave the company a “buy” rating in a research note on Monday. Evercore ISI cut their price target on Knight-Swift Transportation from $55.00 to $53.00 and set an “in-line” rating on the stock in a report on Tuesday, June 25th. Finally, Stifel Nicolaus lowered Knight-Swift Transportation from a “buy” rating to a “hold” rating and reduced their price objective for the company from $53.00 to $47.00 in a research report on Friday, April 26th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $56.79.

Knight-Swift Transportation Stock Up 6.2 %

Shares of KNX stock traded up $3.05 during trading hours on Thursday, hitting $52.03. 6,392,298 shares of the company were exchanged, compared to its average volume of 2,125,525. 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 stock has a market capitalization of $8.41 billion, a price-to-earnings ratio of 77.66, a P/E/G ratio of 1.32 and a beta of 0.94. Knight-Swift Transportation has a one year low of $45.55 and a one year high of $60.99. The business’s 50-day simple moving average is $48.70 and its two-hundred day simple moving average is $52.16.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results on Wednesday, July 24th. The transportation company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). Knight-Swift Transportation had a return on equity of 2.54% and a net margin of 1.50%. The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same period in the prior year, the business earned $0.49 EPS. The company’s quarterly revenue was up 18.9% on a year-over-year basis. Sell-side analysts predict that Knight-Swift Transportation will post 1.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in KNX. Rise Advisors LLC bought a new stake in shares of Knight-Swift Transportation in the 1st quarter worth $25,000. GAMMA Investing LLC lifted its holdings in Knight-Swift Transportation by 67.5% in the 1st quarter. GAMMA Investing LLC now owns 628 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 253 shares during the last quarter. Versant Capital Management Inc lifted its holdings in Knight-Swift Transportation by 3,461.9% in the 2nd quarter. Versant Capital Management Inc now owns 748 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 727 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Knight-Swift Transportation by 80.3% during 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 in the last quarter. Finally, First Horizon Advisors Inc. grew its stake in shares of Knight-Swift Transportation by 61.7% in the 4th quarter. First Horizon Advisors Inc. now owns 742 shares of the transportation company’s stock worth $43,000 after purchasing an additional 283 shares during the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

About Knight-Swift Transportation

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.