Deutsche Bank Aktiengesellschaft Increases Knight-Swift Transportation (NYSE:KNX) Price Target to $80.00

Knight-Swift Transportation (NYSE:KNX) had its price objective lifted by stock analysts at Deutsche Bank Aktiengesellschaft from $75.00 to $80.00 in a note issued to investors on Thursday, The Fly reports. The firm presently has a “buy” rating on the transportation company’s stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 67.29% from the company’s previous close.

Several other analysts have also weighed in on the company. Morgan Stanley upped their price objective on Knight-Swift Transportation from $60.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday. Credit Suisse Group upped their target price on Knight-Swift Transportation from $50.00 to $54.00 and gave the company a “neutral” rating in a report on Thursday. Zacks Investment Research raised Knight-Swift Transportation from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a report on Tuesday, April 6th. Stifel Europe assumed coverage on Knight-Swift Transportation in a report on Monday, June 21st. They set a “buy” rating for the company. They noted that the move was a valuation call. Finally, Susquehanna reaffirmed a “neutral” rating and set a $53.00 target price on shares of Knight-Swift Transportation in a report on Monday, April 19th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $54.27.

Shares of KNX opened at $47.82 on Thursday. The company has a market cap of $7.91 billion, a P/E ratio of 16.94, a P/E/G ratio of 0.87 and a beta of 1.31. The stock’s fifty day moving average is $47.43. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.02 and a current ratio of 1.02. Knight-Swift Transportation has a 12 month low of $37.07 and a 12 month high of $51.17.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings data on Tuesday, July 20th. The transportation company reported $0.98 EPS for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.10. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.30 billion. Knight-Swift Transportation had a return on equity of 9.02% and a net margin of 9.94%. The firm’s revenue was up 24.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.57 EPS. Equities analysts predict that Knight-Swift Transportation will post 3.68 EPS for the current year.

In related news, EVP James E. Jr. Updike sold 2,250 shares of the firm’s stock in a transaction that occurred on Wednesday, May 5th. The stock was sold at an average price of $48.85, for a total transaction of $109,912.50. Following the completion of the transaction, the executive vice president now owns 15,270 shares in the company, valued at approximately $745,939.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 27.50% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of KNX. Ancora Advisors LLC bought a new position in Knight-Swift Transportation in the 4th quarter valued at $25,000. Sandy Spring Bank bought a new position in Knight-Swift Transportation in the 1st quarter valued at $26,000. CWM LLC raised its position in Knight-Swift Transportation by 53.8% in the 1st quarter. CWM LLC now owns 929 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 325 shares during the last quarter. Ellevest Inc. raised its position in Knight-Swift Transportation by 28.5% in the 1st quarter. Ellevest Inc. now owns 1,173 shares of the transportation company’s stock valued at $56,000 after purchasing an additional 260 shares during the last quarter. Finally, Captrust Financial Advisors increased its stake in shares of Knight-Swift Transportation by 377.1% in the 1st quarter. Captrust Financial Advisors now owns 1,169 shares of the transportation company’s stock valued at $56,000 after buying an additional 924 shares during the period. Institutional investors and hedge funds own 86.46% of the company’s stock.

About Knight-Swift Transportation

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada. The company operates through three segments: Trucking, Logistics, and Intermodal. Its trucking services include irregular route, dedicated, refrigerated, flatbed, expedited, dry van, drayage, and cross-border transportation of various products, goods, and materials.

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