Susquehanna Increases Knight-Swift Transportation (NYSE:KNX) Price Target to $48.00

Knight-Swift Transportation (NYSE:KNX) had its price objective raised by equities research analysts at Susquehanna from $45.00 to $48.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price objective would indicate a potential downside of 11.18% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Evercore ISI decreased their price target on Knight-Swift Transportation from $55.00 to $53.00 and set an “in-line” rating on the stock in a research note on Tuesday, June 25th. UBS Group lowered their target price on Knight-Swift Transportation from $59.00 to $58.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Wolfe Research downgraded Knight-Swift Transportation from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 11th. Barclays lifted their target price on shares of Knight-Swift Transportation from $57.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Finally, TD Cowen raised their price target on shares of Knight-Swift Transportation from $47.00 to $57.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Knight-Swift Transportation currently has an average rating of “Moderate Buy” and a consensus target price of $57.00.

Knight-Swift Transportation Stock Up 2.5 %

Shares of NYSE KNX opened at $54.04 on Thursday. The stock has a market capitalization of $8.75 billion, a P/E ratio of 80.66, a PEG ratio of 1.47 and a beta of 0.93. The stock’s fifty day moving average is $52.16 and its 200 day moving average is $50.67. Knight-Swift Transportation has a 52 week low of $45.55 and a 52 week high of $60.99. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.88 and a current ratio of 0.88.

Knight-Swift Transportation (NYSE:KNX) last issued its earnings results on Wednesday, July 24th. The transportation company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.03). The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.83 billion. Knight-Swift Transportation had a net margin of 0.88% and a return on equity of 1.98%. Knight-Swift Transportation’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.49 earnings per share. Sell-side analysts forecast that Knight-Swift Transportation will post 1.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Robert E. Synowicki, Jr. sold 2,500 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $53.32, for a total transaction of $133,300.00. Following the transaction, the director now owns 21,833 shares of the company’s stock, valued at approximately $1,164,135.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Robert E. Synowicki, Jr. sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $53.32, for a total transaction of $133,300.00. Following the transaction, the director now directly owns 21,833 shares of the company’s stock, valued at $1,164,135.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael K. Liu sold 5,696 shares of Knight-Swift Transportation stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $53.49, for a total transaction of $304,679.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 85,196 shares of company stock worth $4,367,869. 3.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Knight-Swift Transportation

Several large investors have recently added to or reduced their stakes in the business. Rise Advisors LLC purchased a new stake in shares of Knight-Swift Transportation in the first quarter worth approximately $25,000. GAMMA Investing LLC raised its position 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 buying an additional 253 shares during the last quarter. Versant Capital Management Inc lifted its stake in Knight-Swift Transportation by 3,461.9% during 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 in the last quarter. Brown Brothers Harriman & Co. boosted its holdings in Knight-Swift Transportation by 28.6% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 900 shares of the transportation company’s stock worth $45,000 after acquiring an additional 200 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Knight-Swift Transportation by 168.3% in the 2nd quarter. Blue Trust Inc. now owns 923 shares of the transportation company’s stock worth $51,000 after acquiring an additional 579 shares in the last quarter. Institutional investors own 88.77% of the company’s stock.

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.