Knight-Swift Transportation (NYSE:KNX) Price Target Raised to $65.00 at TD Cowen

Knight-Swift Transportation (NYSE:KNX) had its price objective hoisted by stock analysts at TD Cowen from $62.00 to $65.00 in a research report issued on Thursday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the transportation company’s stock. TD Cowen’s price objective indicates a potential upside of 13.60% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Barclays boosted their target price on Knight-Swift Transportation from $62.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Stifel Nicolaus increased their price objective on Knight-Swift Transportation from $47.00 to $48.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Susquehanna upgraded shares of Knight-Swift Transportation from a “neutral” rating to a “positive” rating and boosted their target price for the stock from $48.00 to $67.00 in a research report on Friday, January 3rd. Evercore ISI increased their price target on shares of Knight-Swift Transportation from $49.00 to $52.00 and gave the company an “in-line” rating in a report on Thursday, October 24th. Finally, The Goldman Sachs Group boosted their price objective on shares of Knight-Swift Transportation from $45.00 to $51.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $59.38.

Knight-Swift Transportation Price Performance

Knight-Swift Transportation stock opened at $57.22 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.01 and a quick ratio of 1.01. The business has a 50 day simple moving average of $55.27 and a 200-day simple moving average of $53.38. Knight-Swift Transportation has a 12 month low of $45.55 and a 12 month high of $61.51. The stock has a market capitalization of $9.26 billion, a PE ratio of 78.38, a price-to-earnings-growth ratio of 1.02 and a beta of 0.98.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 EPS for the quarter, topping 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%. Equities analysts predict that Knight-Swift Transportation will post 2.11 earnings per share for the current year.

Insider Activity

In related news, Director Ploeg David Vander sold 500 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $57.10, for a total value of $28,550.00. Following the completion of the transaction, the director now owns 30,729 shares of the company’s stock, valued at approximately $1,754,625.90. The trade was a 1.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Kevin P. Knight sold 29,779 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $57.19, for a total transaction of $1,703,061.01. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Knight-Swift Transportation

Several institutional investors have recently added to or reduced their stakes in the business. Deseret Mutual Benefit Administrators increased its position in Knight-Swift Transportation by 87.2% during the third quarter. Deseret Mutual Benefit Administrators now owns 747 shares of the transportation company’s stock worth $40,000 after purchasing an additional 348 shares during the last quarter. UMB Bank n.a. grew its position in Knight-Swift Transportation by 84.3% during the fourth quarter. UMB Bank n.a. now owns 809 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 370 shares during the period. GAMMA Investing LLC grew its position in Knight-Swift Transportation by 36.6% during the third quarter. GAMMA Investing LLC now owns 1,127 shares of the transportation company’s stock valued at $61,000 after acquiring an additional 302 shares during the period. Venturi Wealth Management LLC increased its stake in 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 acquiring an additional 292 shares during the last quarter. Finally, Quarry LP raised its holdings in shares of Knight-Swift Transportation by 71.1% in the 3rd quarter. Quarry LP now owns 1,201 shares of the transportation company’s stock worth $65,000 after purchasing an additional 499 shares during the period. 88.77% of the stock is currently owned by institutional investors and hedge funds.

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.