Susquehanna Forecasts Strong Price Appreciation for Knight-Swift Transportation (NYSE:KNX) Stock

Knight-Swift Transportation (NYSE:KNX) had its price objective increased by analysts at Susquehanna from $85.00 to $93.00 in a report issued on Monday, Benzinga reports. The firm presently has a “positive” rating on the transportation company’s stock. Susquehanna‘s price objective would suggest a potential upside of 50.16% from the stock’s current price.

Several other equities research analysts also recently weighed in on the company. Bank of America cut their price objective on Knight-Swift Transportation from $98.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, September 23rd. Citizens Jmp initiated coverage on Knight-Swift Transportation in a report on Wednesday, July 15th. They issued a “market outperform” rating and a $90.00 target price for the company. Citigroup reiterated a “market outperform” rating on shares of Knight-Swift Transportation in a research report on Thursday. Zacks Research lowered Knight-Swift Transportation from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 31st. Finally, Sanford C. Bernstein started coverage on Knight-Swift Transportation in a research note on Thursday, September 10th. They set an “outperform” rating and a $91.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Knight-Swift Transportation presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.22.

Knight-Swift Transportation Price Performance

NYSE:KNX traded up $0.72 during trading hours on Monday, hitting $61.93. The company’s stock had a trading volume of 86,623 shares, compared to its average volume of 3,658,150. Knight-Swift Transportation has a twelve month low of $41.24 and a twelve month high of $82.86. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.91 and a quick ratio of 0.88. The stock has a fifty day simple moving average of $66.77 and a 200-day simple moving average of $69.64. The company has a market capitalization of $10.08 billion, a P/E ratio of 66.75, a PEG ratio of 0.48 and a beta of 1.21.

Knight-Swift Transportation (NYSE:KNX) last issued its earnings results on Wednesday, October 21st. The transportation company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.76 by $0.07. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.16 billion. Knight-Swift Transportation had a return on equity of 4.71% and a net margin of 1.92%. The business’s quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.32 earnings per share. On average, analysts anticipate that Knight-Swift Transportation will post 2.55 EPS for the current fiscal year.

Insider Buying and Selling at Knight-Swift Transportation

In related news, CEO Reid Dove sold 126,864 shares of Knight-Swift Transportation stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $73.13, for a total value of $9,277,564.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Cary M. Flanagan sold 3,600 shares of Knight-Swift Transportation stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $70.82, for a total value of $254,952.00. Following the completion of the transaction, the chief accounting officer directly owned 5,405 shares in the company, valued at approximately $382,782.10. This represents a 39.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 224,954 shares of company stock worth $16,183,454. Insiders own 2.90% of the company’s stock.

Institutional Trading of Knight-Swift Transportation

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in shares of Knight-Swift Transportation by 123.9% in the 1st quarter. Blue Trust Inc. now owns 544 shares of the transportation company’s stock worth $31,000 after purchasing an additional 301 shares during the period. MCF Advisors LLC increased its position in shares of Knight-Swift Transportation by 55.8% during the second quarter. MCF Advisors LLC now owns 676 shares of the transportation company’s stock worth $53,000 after buying an additional 242 shares during the period. Harbor Investment Advisory LLC acquired a new stake in shares of Knight-Swift Transportation during the first quarter worth $72,000. Root Financial Partners LLC acquired a new stake in shares of Knight-Swift Transportation during the third quarter worth $94,000. Finally, Bessemer Group Inc. raised its stake in Knight-Swift Transportation by 280.2% during the first quarter. Bessemer Group Inc. now owns 2,129 shares of the transportation company’s stock worth $122,000 after buying an additional 1,569 shares during the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

About Knight-Swift Transportation

Knight-Swift Transportation Holdings Inc is a transportation and logistics company that provides freight services across North America. The company operates one of the largest truckload fleets in the United States and serves a broad range of industries through its network of company-owned equipment, independent contractors, terminals and distribution facilities.

Its services include dry-van, refrigerated and flatbed truckload transportation; dedicated and expedited delivery; less-than-truckload shipping; freight brokerage; intermodal transportation; cross-border logistics; and warehousing and other supply-chain services.