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

Knight-Swift Transportation (NYSE:KNX) had its price objective raised by equities research analysts at UBS Group from $79.00 to $94.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. UBS Group’s price objective points to a potential upside of 20.39% from the stock’s previous close.

A number of other analysts have also issued reports on KNX. Wells Fargo & Company lifted their price objective on Knight-Swift Transportation from $60.00 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 7th. Robert W. Baird lifted their price objective on Knight-Swift Transportation from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Barclays lifted their price objective on Knight-Swift Transportation from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Benchmark lifted their price objective on Knight-Swift Transportation from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Finally, TD Cowen lifted their price objective on Knight-Swift Transportation from $60.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $67.59.

Knight-Swift Transportation Trading Up 3.2%

Knight-Swift Transportation stock traded up $2.45 during mid-day trading on Monday, hitting $78.08. The company’s stock had a trading volume of 2,227,417 shares, compared to its average volume of 3,556,093. The company has a 50 day moving average of $63.26 and a 200-day moving average of $57.35. The stock has a market cap of $12.69 billion, a PE ratio of 371.62, a P/E/G ratio of 0.96 and a beta of 1.18. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.70 and a current ratio of 0.70. Knight-Swift Transportation has a one year low of $38.63 and a one year high of $78.01.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.20). The company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Knight-Swift Transportation had a return on equity of 2.94% and a net margin of 0.45%.The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.28 earnings per share. On average, research analysts anticipate that Knight-Swift Transportation will post 2.14 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Fifth Third Wealth Advisors LLC grew its position in Knight-Swift Transportation by 4.5% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 5,183 shares of the transportation company’s stock worth $298,000 after purchasing an additional 222 shares during the last quarter. Fifth Third Bancorp increased its stake in Knight-Swift Transportation by 44.4% in the 4th quarter. Fifth Third Bancorp now owns 868 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 267 shares in the last quarter. Blue Trust Inc. raised its holdings in Knight-Swift Transportation by 123.9% during the first 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 last quarter. Public Employees Retirement System of Ohio raised its holdings in Knight-Swift Transportation by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 52,930 shares of the transportation company’s stock worth $2,091,000 after purchasing an additional 306 shares during the last quarter. Finally, Parallel Advisors LLC raised its holdings in Knight-Swift Transportation by 7.9% during the fourth quarter. Parallel Advisors LLC now owns 4,240 shares of the transportation company’s stock worth $222,000 after purchasing an additional 309 shares during the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.

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.