Knight-Swift Transportation (NYSE:KNX) Price Target Cut to $55.00 by Analysts at Wells Fargo & Company

Knight-Swift Transportation (NYSE:KNX) had its price target dropped by equities research analysts at Wells Fargo & Company from $65.00 to $55.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the transportation company’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 26.31% from the stock’s previous close.

Several other analysts also recently weighed in on the company. TD Cowen increased their target price 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. Bank of America increased 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. Susquehanna dropped their target price on shares of Knight-Swift Transportation from $67.00 to $54.00 and set a “positive” rating on the stock in a research report on Wednesday. Citigroup raised shares of Knight-Swift Transportation from a “sell” rating to a “neutral” rating and set a $53.00 price target for the company in a report on Monday, March 10th. Finally, Raymond James boosted their price objective on shares of Knight-Swift Transportation from $62.00 to $66.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Knight-Swift Transportation presently has an average rating of “Moderate Buy” and an average price target of $58.59.

Knight-Swift Transportation Trading Down 2.3 %

Shares of KNX stock opened at $43.54 on Thursday. The business’s 50 day moving average is $51.22 and its two-hundred day moving average is $53.12. 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 has a 12 month low of $42.72 and a 12 month high of $61.51. The company has a market cap of $7.05 billion, a PE ratio of 59.65 and a beta of 0.97.

Knight-Swift Transportation (NYSE:KNX) last announced its earnings results on Wednesday, January 22nd. The transportation company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.33 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. Equities analysts predict that Knight-Swift Transportation will post 2.13 EPS for the current year.

Insider Buying and Selling at Knight-Swift Transportation

In other news, Director Douglas L. Col bought 5,000 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $45.37 per share, for a total transaction of $226,850.00. Following the completion of the purchase, the director now owns 5,000 shares of the company’s stock, valued at approximately $226,850. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Knight-Swift Transportation

A number of hedge funds and other institutional investors have recently bought and sold shares of KNX. Parkside Financial Bank & Trust boosted its stake in Knight-Swift Transportation by 88.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company’s stock worth $36,000 after purchasing an additional 322 shares in the last quarter. UMB Bank n.a. lifted its position in Knight-Swift Transportation by 84.3% during the 4th quarter. UMB Bank n.a. now owns 809 shares of the transportation company’s stock worth $43,000 after buying an additional 370 shares in the last quarter. Quarry LP grew its holdings in Knight-Swift Transportation by 71.1% during the 3rd quarter. Quarry LP now owns 1,201 shares of the transportation company’s stock worth $65,000 after acquiring an additional 499 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Knight-Swift Transportation by 20.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company’s stock valued at $67,000 after acquiring an additional 213 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Knight-Swift Transportation by 18.5% in the fourth quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company’s stock worth $71,000 after acquiring an additional 208 shares during the last quarter. 88.77% of the stock is owned by institutional investors and hedge funds.

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.