Raymond James Issues Positive Forecast for Knight-Swift Transportation (NYSE:KNX) Stock Price

Knight-Swift Transportation (NYSE:KNX) had its price objective increased by analysts at Raymond James from $62.00 to $66.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “strong-buy” rating on the transportation company’s stock. Raymond James’ price target would suggest a potential upside of 15.35% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the company. The Goldman Sachs Group upped their price objective on Knight-Swift Transportation from $45.00 to $51.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. Citigroup lowered Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 target price for the company. in a research note on Tuesday, November 12th. Barclays lifted 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 note on Wednesday, November 13th. Stifel Nicolaus boosted their price objective on shares of Knight-Swift Transportation from $47.00 to $48.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, Susquehanna raised shares of Knight-Swift Transportation from a “neutral” rating to a “positive” rating and increased their target price for the company from $48.00 to $67.00 in a report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Knight-Swift Transportation currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.38.

Knight-Swift Transportation Stock Down 0.6 %

KNX stock opened at $57.22 on Thursday. Knight-Swift Transportation has a 1-year low of $45.55 and a 1-year high of $61.51. The stock has a market cap of $9.26 billion, a price-to-earnings ratio of 78.38, a price-to-earnings-growth ratio of 1.02 and a beta of 0.98. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.31. The company’s 50 day moving average is $55.27 and its 200 day moving average is $53.38.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly 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 net margin of 1.59% and a return on equity of 2.43%. Sell-side analysts predict that Knight-Swift Transportation will post 2.11 EPS for the current fiscal year.

Insider Activity

In other news, Director Ploeg David Vander sold 500 shares of Knight-Swift Transportation stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $57.10, for a total transaction of $28,550.00. Following the sale, the director now owns 30,729 shares of the company’s stock, valued at approximately $1,754,625.90. The trade was a 1.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Kevin P. Knight sold 29,779 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $57.19, for a total transaction of $1,703,061.01. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

Institutional Trading of Knight-Swift Transportation

Several large investors have recently bought and sold shares of KNX. Deseret Mutual Benefit Administrators raised its position in shares of Knight-Swift Transportation by 87.2% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 747 shares of the transportation company’s stock worth $40,000 after acquiring an additional 348 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Knight-Swift Transportation by 84.3% during the fourth quarter. UMB Bank n.a. now owns 809 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 370 shares in the last quarter. GAMMA Investing LLC grew its stake in Knight-Swift Transportation by 36.6% in the third quarter. GAMMA Investing LLC now owns 1,127 shares of the transportation company’s stock worth $61,000 after purchasing an additional 302 shares during the period. Venturi Wealth Management LLC raised its holdings in Knight-Swift Transportation by 34.2% in the third quarter. Venturi Wealth Management LLC now owns 1,145 shares of the transportation company’s stock worth $62,000 after purchasing an additional 292 shares in the last quarter. Finally, Quarry LP lifted its position in Knight-Swift Transportation by 71.1% during the third quarter. Quarry LP now owns 1,201 shares of the transportation company’s stock valued at $65,000 after buying an additional 499 shares during the period. 88.77% of the stock is 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.