Knight-Swift Transportation (NYSE:KNX) Stock Price Expected to Rise, Benchmark Analyst Says

Knight-Swift Transportation (NYSE:KNX) had its price objective lifted by research analysts at Benchmark from $65.00 to $70.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. Benchmark’s target price indicates a potential upside of 13.54% from the company’s previous close.

Several other analysts have also recently weighed in on KNX. Stifel Nicolaus lifted their price objective on shares of Knight-Swift Transportation from $61.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. Citigroup upgraded shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and set a $64.00 price objective for the company in a research note on Friday, March 13th. Weiss Ratings cut shares of Knight-Swift Transportation from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, February 20th. Susquehanna lifted their price objective on shares of Knight-Swift Transportation from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, January 22nd. Finally, Wells Fargo & Company lifted their price objective on shares of Knight-Swift Transportation from $60.00 to $65.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $62.11.

Knight-Swift Transportation Stock Performance

Shares of NYSE KNX traded down $0.34 during mid-day trading on Wednesday, reaching $61.65. 369,780 shares of the company were exchanged, compared to its average volume of 3,203,264. The company’s 50-day simple moving average is $58.38 and its 200-day simple moving average is $52.45. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $10.01 billion, a P/E ratio of 150.31, a P/E/G ratio of 0.92 and a beta of 1.11. Knight-Swift Transportation has a twelve month low of $37.70 and a twelve month high of $64.10.

Knight-Swift Transportation (NYSE:KNX) last posted its earnings results on Wednesday, January 21st. The transportation company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.05). The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.90 billion. Knight-Swift Transportation had a return on equity of 2.88% and a net margin of 0.88%.The business’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.36 EPS. Knight-Swift Transportation has set its Q1 2026 guidance at 0.280-0.320 EPS. As a group, research analysts predict that Knight-Swift Transportation will post 2.13 earnings per share for the current year.

Insider Activity

In other news, CFO Joshua Smith sold 5,770 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $60.91, for a total value of $351,450.70. Following the completion of the transaction, the chief financial officer directly owned 9,214 shares in the company, valued at approximately $561,224.74. The trade was a 38.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael K. Liu sold 1,243 shares of Knight-Swift Transportation stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $60.87, for a total transaction of $75,661.41. The SEC filing for this sale provides additional information. Insiders have sold a total of 42,930 shares of company stock valued at $2,581,186 over the last quarter. 2.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Knight-Swift Transportation

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Hussman Strategic Advisors Inc. bought a new stake in shares of Knight-Swift Transportation during the 3rd quarter valued at approximately $830,000. Victory Capital Management Inc. grew its holdings in shares of Knight-Swift Transportation by 0.9% during the 3rd quarter. Victory Capital Management Inc. now owns 8,496,137 shares of the transportation company’s stock valued at $335,682,000 after purchasing an additional 76,342 shares during the last quarter. Deprince Race & Zollo Inc. grew its holdings in shares of Knight-Swift Transportation by 5.8% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 701,856 shares of the transportation company’s stock valued at $27,730,000 after purchasing an additional 38,474 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Knight-Swift Transportation by 21.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,361,230 shares of the transportation company’s stock worth $169,826,000 after acquiring an additional 765,833 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Knight-Swift Transportation in the 3rd quarter valued at approximately $749,000. 88.77% of the stock is owned by institutional investors.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc (NYSE: KNX) is one of North America’s largest asset-based truckload carriers, offering a wide range of transportation and logistics services. The company was formed in 2017 through the merger of Knight Transportation and Swift Transportation, each with decades of experience in long-haul dry van and refrigerated freight. Since the merger, Knight-Swift has pursued a growth strategy that includes fleet expansions, targeted acquisitions, and investments in technology to enhance service reliability and network efficiency.

The company’s core business activities include full truckload operations for dry van, temperature-controlled and flatbed shipments.