Knight-Swift Transportation (NYSE:KNX) Upgraded at Susquehanna

Knight-Swift Transportation (NYSE:KNX) was upgraded by equities researchers at Susquehanna from a “neutral” rating to a “positive” rating in a note issued to investors on Friday,Briefing.com Automated Import reports. The firm currently has a $67.00 target price on the transportation company’s stock, up from their prior target price of $48.00. Susquehanna’s price target suggests a potential upside of 27.06% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Barclays lifted their price objective on shares of Knight-Swift Transportation from $62.00 to $68.00 and gave the stock an “overweight” rating in a report 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 company a “hold” rating in a research report on Friday, October 25th. TD Cowen raised their target price on shares of Knight-Swift Transportation from $55.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Morgan Stanley lowered their target price on Knight-Swift Transportation from $72.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. Finally, Bank of America lowered their price objective on Knight-Swift Transportation from $64.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, December 17th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Knight-Swift Transportation has an average rating of “Moderate Buy” and a consensus target price of $58.19.

Knight-Swift Transportation Stock Down 0.6 %

Shares of NYSE:KNX opened at $52.73 on Friday. Knight-Swift Transportation has a 12-month low of $45.55 and a 12-month high of $60.99. 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 firm has a market cap of $8.54 billion, a PE ratio of 229.27, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96. The company has a fifty day simple moving average of $55.41 and a 200 day simple moving average of $52.75.

Knight-Swift Transportation (NYSE:KNX) last issued its earnings results on Wednesday, October 23rd. The transportation company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.91 billion. Knight-Swift Transportation had a net margin of 0.50% and a return on equity of 1.81%. The company’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.41 EPS. On average, equities research analysts anticipate that Knight-Swift Transportation will post 1.05 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Chairman Kevin P. Knight sold 29,779 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $57.19, for a total value of $1,703,061.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ploeg David Vander sold 500 shares of the business’s stock in a transaction on 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 directly owns 30,729 shares in the company, valued at approximately $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.

Hedge Funds Weigh In On Knight-Swift Transportation

Institutional investors and hedge funds have recently bought and sold shares of the business. Commonwealth Equity Services LLC increased its stake in Knight-Swift Transportation by 0.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 24,633 shares of the transportation company’s stock valued at $1,230,000 after buying an additional 196 shares during the period. United Services Automobile Association raised its holdings in shares of Knight-Swift Transportation by 1.6% during the 2nd quarter. United Services Automobile Association now owns 12,770 shares of the transportation company’s stock valued at $637,000 after purchasing an additional 199 shares in the last quarter. Brown Brothers Harriman & Co. raised its holdings in Knight-Swift Transportation by 28.6% during the second quarter. Brown Brothers Harriman & Co. now owns 900 shares of the transportation company’s stock valued at $45,000 after buying an additional 200 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Knight-Swift Transportation by 18.5% in the 4th quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company’s stock worth $71,000 after purchasing an additional 208 shares during the last quarter. Finally, MML Investors Services LLC lifted its stake in shares of Knight-Swift Transportation by 4.6% in the third quarter. MML Investors Services LLC now owns 5,182 shares of the transportation company’s stock worth $280,000 after buying an additional 228 shares during the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.

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.