Knight-Swift Transportation (NYSE:KNX) Coverage Initiated by Analysts at Benchmark

Equities researchers at Benchmark assumed coverage on shares of Knight-Swift Transportation (NYSE:KNX) in a research report issued to clients and investors on Tuesday, Marketbeat reports. The firm set a “buy” rating and a $63.00 price target on the transportation company’s stock. Benchmark’s target price would suggest a potential upside of 28.21% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on KNX. Barclays boosted their price target on shares of Knight-Swift Transportation from $62.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Susquehanna upgraded shares of Knight-Swift Transportation from a “neutral” rating to a “positive” rating and upped their target price for the company from $48.00 to $67.00 in a research report on Friday, January 3rd. The Goldman Sachs Group lifted their price target on Knight-Swift Transportation from $45.00 to $51.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Bank of America upped their price objective on Knight-Swift Transportation from $61.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Finally, TD Cowen raised their price objective on Knight-Swift Transportation from $62.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Knight-Swift Transportation currently has an average rating of “Moderate Buy” and a consensus price target of $59.59.

Knight-Swift Transportation Stock Down 2.6 %

Shares of KNX stock opened at $49.14 on Tuesday. The company’s fifty day simple moving average is $54.21 and its two-hundred day simple moving average is $54.00. Knight-Swift Transportation has a 52 week low of $45.55 and a 52 week high of $61.51. The stock has a market cap of $7.96 billion, a P/E ratio of 67.32 and a beta of 0.99. The company has a quick ratio of 1.01, a current ratio of 0.85 and a debt-to-equity ratio of 0.30.

Knight-Swift Transportation (NYSE:KNX) last posted its earnings results 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 2.43% and a net margin of 1.59%. Analysts predict that Knight-Swift Transportation will post 2.13 EPS for the current fiscal year.

Institutional Investors Weigh In On Knight-Swift Transportation

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Voya Investment Management LLC grew its stake in Knight-Swift Transportation by 0.9% in the 4th quarter. Voya Investment Management LLC now owns 20,550 shares of the transportation company’s stock worth $1,090,000 after acquiring an additional 192 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Knight-Swift Transportation by 18.5% during the fourth quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company’s stock valued at $71,000 after acquiring an additional 208 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Knight-Swift Transportation by 20.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company’s stock valued at $67,000 after purchasing an additional 213 shares during the period. Benjamin Edwards Inc. grew its stake in Knight-Swift Transportation by 3.3% in the fourth quarter. Benjamin Edwards Inc. now owns 6,687 shares of the transportation company’s stock worth $355,000 after purchasing an additional 216 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in Knight-Swift Transportation by 8.5% during the 4th quarter. Signaturefd LLC now owns 2,769 shares of the transportation company’s stock worth $147,000 after purchasing an additional 218 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.