Knight-Swift Transportation (NYSE:KNX) Price Target Lowered to $49.00 at TD Cowen

Knight-Swift Transportation (NYSE:KNX) had its price objective reduced by equities researchers at TD Cowen from $55.00 to $49.00 in a research report issued to clients and investors on Thursday,Briefing.com Automated Import reports. The firm currently has a “buy” rating on the transportation company’s stock. TD Cowen’s price target indicates a potential upside of 23.71% from the company’s current price.

A number of other equities research analysts also recently issued reports on the stock. UBS Group decreased their price target on shares of Knight-Swift Transportation from $63.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday. Wells Fargo & Company decreased their target price on shares of Knight-Swift Transportation from $65.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. Citigroup upgraded Knight-Swift Transportation from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $53.00 to $48.00 in a research report on Tuesday, April 8th. Bank of America downgraded Knight-Swift Transportation from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $66.00 to $46.00 in a research report on Tuesday, April 1st. Finally, Stifel Nicolaus lowered their price objective on Knight-Swift Transportation from $57.00 to $49.00 and set a “hold” rating for the company in a research note on Monday, April 14th. Seven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $54.07.

Knight-Swift Transportation Stock Up 1.5 %

Shares of KNX stock opened at $39.61 on Thursday. The company’s fifty day simple moving average is $44.99 and its two-hundred day simple moving average is $51.47. Knight-Swift Transportation has a 52 week low of $36.69 and a 52 week high of $61.51. The stock has a market cap of $6.42 billion, a P/E ratio of 54.26 and a beta of 1.16. 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 posted its earnings results on Wednesday, April 23rd. The transportation company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.83 billion. Knight-Swift Transportation had a return on equity of 2.43% and a net margin of 1.59%. Analysts predict that Knight-Swift Transportation will post 2.13 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Douglas L. Col bought 5,000 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were acquired at an average cost of $45.37 per share, for a total transaction of $226,850.00. Following the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $226,850. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.00% of the stock is currently owned by insiders.

Institutional Trading of Knight-Swift Transportation

Large investors have recently modified their holdings of the company. Voya Investment Management LLC raised its position in Knight-Swift Transportation by 0.9% during the 4th quarter. Voya Investment Management LLC now owns 20,550 shares of the transportation company’s stock valued at $1,090,000 after purchasing an additional 192 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Knight-Swift Transportation by 18.5% during the fourth quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company’s stock valued at $71,000 after buying an additional 208 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in shares of 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 acquiring an additional 213 shares in the last quarter. Benjamin Edwards Inc. lifted its stake in Knight-Swift Transportation by 3.3% in the fourth quarter. Benjamin Edwards Inc. now owns 6,687 shares of the transportation company’s stock worth $355,000 after acquiring an additional 216 shares during the period. Finally, Signaturefd LLC grew its holdings in Knight-Swift Transportation by 8.5% during the 4th quarter. Signaturefd LLC now owns 2,769 shares of the transportation company’s stock worth $147,000 after acquiring an additional 218 shares in the last quarter. Hedge funds and other institutional investors 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.