Knight-Swift Transportation (NYSE:KNX) PT Lowered to $57.00

Knight-Swift Transportation (NYSE:KNX) had its target price dropped by equities research analysts at Barclays from $62.00 to $57.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the transportation company’s stock. Barclays‘s price target would suggest a potential upside of 17.96% from the company’s current price.

Several other brokerages have also weighed in on KNX. Susquehanna cut their price objective on shares of Knight-Swift Transportation from $59.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday. Stifel Nicolaus increased their price objective on shares of Knight-Swift Transportation from $54.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. TD Cowen dropped their target price on shares of Knight-Swift Transportation from $58.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday. Bank of America dropped their target price on shares of Knight-Swift Transportation from $58.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday. Finally, JPMorgan Chase & Co. dropped their target price on shares of Knight-Swift Transportation from $62.00 to $60.00 and set a “neutral” rating for the company in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Knight-Swift Transportation has a consensus rating of “Moderate Buy” and a consensus target price of $58.62.

Knight-Swift Transportation Trading Down 0.4 %

NYSE:KNX traded down $0.21 on Thursday, reaching $48.32. The stock had a trading volume of 1,682,058 shares, compared to its average volume of 2,068,040. The company has a market cap of $7.80 billion, a price-to-earnings ratio of 36.33, a P/E/G ratio of 1.47 and a beta of 0.99. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.94 and a quick ratio of 0.94. The firm’s fifty day moving average is $55.07 and its two-hundred day moving average is $54.23. Knight-Swift Transportation has a 12-month low of $45.73 and a 12-month high of $60.99.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Wednesday, January 24th. The transportation company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.38). The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.92 billion. Knight-Swift Transportation had a return on equity of 3.93% and a net margin of 3.04%. Equities analysts expect that Knight-Swift Transportation will post 2.3 EPS for the current fiscal year.

Insider Buying and Selling at Knight-Swift Transportation

In related news, CAO Cary M. Flanagan sold 2,000 shares of Knight-Swift Transportation stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $56.24, for a total value of $112,480.00. Following the completion of the sale, the chief accounting officer now owns 5,118 shares in the company, valued at $287,836.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.00% of the stock is owned by corporate insiders.

Institutional Trading of Knight-Swift Transportation

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in Knight-Swift Transportation by 8.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,494 shares of the transportation company’s stock worth $131,000 after purchasing an additional 190 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of Knight-Swift Transportation by 25.0% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 1,000 shares of the transportation company’s stock valued at $50,000 after acquiring an additional 200 shares during the period. Arkadios Wealth Advisors boosted its holdings in shares of Knight-Swift Transportation by 2.9% during the fourth quarter. Arkadios Wealth Advisors now owns 7,215 shares of the transportation company’s stock valued at $416,000 after acquiring an additional 205 shares during the period. Private Advisor Group LLC boosted its holdings in shares of Knight-Swift Transportation by 2.8% during the third quarter. Private Advisor Group LLC now owns 7,542 shares of the transportation company’s stock valued at $378,000 after acquiring an additional 207 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in Knight-Swift Transportation by 0.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 40,074 shares of the transportation company’s stock worth $2,310,000 after purchasing an additional 209 shares during the period. 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.