Knight-Swift Transportation (NYSE:KNX) Given New $66.00 Price Target at Raymond James

Knight-Swift Transportation (NYSE:KNX) had its price objective increased by equities research analysts at Raymond James from $62.00 to $66.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “strong-buy” rating on the transportation company’s stock. Raymond James’ target price points to a potential upside of 20.36% from the company’s previous close.

A number of other equities analysts have also commented on the company. Bank of America boosted their price objective on Knight-Swift Transportation from $61.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. TD Cowen boosted their price objective on Knight-Swift Transportation from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday. Morgan Stanley reduced their price objective on Knight-Swift Transportation from $72.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. Citigroup lowered Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 price target on the stock. in a research note on Tuesday, November 12th. Finally, The Goldman Sachs Group upped their price target on Knight-Swift Transportation from $45.00 to $51.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Knight-Swift Transportation presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.38.

Knight-Swift Transportation Stock Performance

Shares of NYSE:KNX opened at $54.84 on Thursday. The business’s fifty day moving average price is $55.24 and its two-hundred day moving average price is $53.35. Knight-Swift Transportation has a fifty-two week low of $45.55 and a fifty-two week high of $60.99. The stock has a market capitalization of $8.88 billion, a price-to-earnings ratio of 238.42, a price-to-earnings-growth ratio of 1.03 and a beta of 0.98. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.01 and a quick ratio of 1.01.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. Knight-Swift Transportation had a return on equity of 1.81% and a net margin of 0.50%. As a group, analysts predict that Knight-Swift Transportation will post 1.04 EPS for the current fiscal year.

Insider Buying and Selling at Knight-Swift Transportation

In other Knight-Swift Transportation news, Chairman Kevin P. Knight sold 29,779 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $57.19, for a total value of $1,703,061.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ploeg David Vander sold 500 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $57.10, for a total value of $28,550.00. Following the completion of the sale, the director now owns 30,729 shares of the company’s stock, valued at $1,754,625.90. This trade represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Knight-Swift Transportation

Several large investors have recently modified their holdings of KNX. Allspring Global Investments Holdings LLC grew its holdings in shares of Knight-Swift Transportation by 13.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 4,075,449 shares of the transportation company’s stock worth $219,870,000 after buying an additional 467,647 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Knight-Swift Transportation by 1.7% during the third quarter. Geode Capital Management LLC now owns 2,740,873 shares of the transportation company’s stock worth $147,529,000 after buying an additional 46,436 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Knight-Swift Transportation by 34.1% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,412,869 shares of the transportation company’s stock worth $76,224,000 after buying an additional 359,566 shares in the last quarter. Franklin Resources Inc. bought a new position in shares of Knight-Swift Transportation during the third quarter worth about $70,185,000. Finally, Thrivent Financial for Lutherans grew its holdings in shares of Knight-Swift Transportation by 0.5% during the third quarter. Thrivent Financial for Lutherans now owns 1,337,737 shares of the transportation company’s stock worth $72,171,000 after buying an additional 6,803 shares in the last quarter. 88.77% of the stock is currently owned by institutional investors.

Knight-Swift Transportation Company Profile

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.