Knight-Swift Transportation (NYSE:KNX) Upgraded at Citigroup

Knight-Swift Transportation (NYSE:KNX) was upgraded by equities research analysts at Citigroup from a “sell” rating to a “neutral” rating in a research report issued to clients and investors on Monday,Briefing.com Automated Import reports. The brokerage presently has a $53.00 target price on the transportation company’s stock. Citigroup’s price objective indicates a potential upside of 12.60% from the company’s current price.

Other analysts have also issued research reports about the stock. Barclays lifted their price target on shares of Knight-Swift Transportation from $62.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Raymond James lifted their target price on Knight-Swift Transportation from $62.00 to $66.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. Bank of America upped their price target on Knight-Swift Transportation from $61.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Benchmark began coverage on Knight-Swift Transportation in a research report on Tuesday, March 4th. They set a “buy” rating and a $63.00 price objective for the company. Finally, Susquehanna raised shares of Knight-Swift Transportation from a “neutral” rating to a “positive” rating and upped their target price for the company from $48.00 to $67.00 in a research report on Friday, January 3rd. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $59.41.

Knight-Swift Transportation Stock Down 3.8 %

Shares of NYSE:KNX opened at $47.07 on Monday. Knight-Swift Transportation has a 52-week low of $45.55 and a 52-week high of $61.51. The stock has a market cap of $7.62 billion, a P/E ratio of 64.48 and a beta of 0.97. The business has a fifty day moving average of $53.79 and a two-hundred day moving average of $53.84. The company has a quick ratio of 1.01, a current ratio of 0.85 and a debt-to-equity ratio of 0.30.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. On average, research analysts expect that Knight-Swift Transportation will post 2.13 earnings per share for the current year.

Institutional Trading of Knight-Swift Transportation

Large investors have recently made changes to their positions in the company. Parkside Financial Bank & Trust grew its holdings in Knight-Swift Transportation by 88.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company’s stock worth $36,000 after acquiring an additional 322 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Knight-Swift Transportation by 84.3% during the 4th quarter. UMB Bank n.a. now owns 809 shares of the transportation company’s stock worth $43,000 after purchasing an additional 370 shares during the last quarter. Venturi Wealth Management LLC grew its stake in shares of Knight-Swift Transportation by 34.2% during the third quarter. Venturi Wealth Management LLC now owns 1,145 shares of the transportation company’s stock worth $62,000 after purchasing an additional 292 shares in the last quarter. Quarry LP increased its holdings in Knight-Swift Transportation by 71.1% in the third quarter. Quarry LP now owns 1,201 shares of the transportation company’s stock valued at $65,000 after buying an additional 499 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in Knight-Swift Transportation by 20.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company’s stock valued at $67,000 after buying an additional 213 shares in the last quarter. 88.77% of the stock is currently 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.