Evercore ISI Issues Positive Forecast for Knight-Swift Transportation (NYSE:KNX) Stock Price

Knight-Swift Transportation (NYSE:KNX) had its target price hoisted by research analysts at Evercore ISI from $47.00 to $61.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an “in-line” rating on the transportation company’s stock. Evercore ISI’s target price points to a potential upside of 7.24% from the stock’s previous close.

Several other research firms have also issued reports on KNX. Deutsche Bank Aktiengesellschaft upgraded Knight-Swift Transportation from a “hold” rating to a “buy” rating and raised their price target for the stock from $43.00 to $53.00 in a research report on Thursday, October 2nd. Bank of America upgraded shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and raised their target price for the stock from $41.00 to $50.00 in a report on Thursday, October 16th. Raymond James Financial upped their price target on shares of Knight-Swift Transportation from $55.00 to $59.00 and gave the company a “strong-buy” rating in a report on Tuesday, October 14th. TD Cowen increased their price target on shares of Knight-Swift Transportation from $53.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, December 9th. Finally, Zacks Research upgraded shares of Knight-Swift Transportation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Knight-Swift Transportation presently has a consensus rating of “Moderate Buy” and an average price target of $58.41.

Knight-Swift Transportation Trading Up 0.2%

Shares of KNX traded up $0.13 during mid-day trading on Tuesday, reaching $56.88. The company’s stock had a trading volume of 104,668 shares, compared to its average volume of 3,109,010. Knight-Swift Transportation has a 52 week low of $36.69 and a 52 week high of $61.51. The stock has a market cap of $9.23 billion, a PE ratio of 64.64, a P/E/G ratio of 0.75 and a beta of 1.16. The company’s fifty day moving average price is $49.54 and its two-hundred day moving average price is $45.72. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.31.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings results on Wednesday, October 22nd. The transportation company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.06). Knight-Swift Transportation had a return on equity of 2.98% and a net margin of 1.90%.The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the prior year, the firm earned $0.34 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. Knight-Swift Transportation has set its Q4 2025 guidance at 0.340-0.400 EPS. On average, analysts predict that Knight-Swift Transportation will post 2.13 earnings per share for the current fiscal year.

Insider Activity at Knight-Swift Transportation

In other Knight-Swift Transportation news, SVP Reed Stultz sold 4,692 shares of Knight-Swift Transportation stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $51.51, for a total transaction of $241,684.92. Following the sale, the senior vice president directly owned 465 shares of the company’s stock, valued at approximately $23,952.15. The trade was a 90.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Kevin P. Knight sold 35,000 shares of the stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $51.01, for a total value of $1,785,350.00. Following the completion of the transaction, the chairman directly owned 1,405,347 shares of the company’s stock, valued at $71,686,750.47. This represents a 2.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 43,992 shares of company stock worth $2,220,707 over the last 90 days. 3.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Knight-Swift Transportation

Institutional investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd lifted its position in Knight-Swift Transportation by 1,478.6% during the third quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the transportation company’s stock valued at $35,000 after buying an additional 828 shares during the period. SJS Investment Consulting Inc. increased its stake in shares of Knight-Swift Transportation by 7,100.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 936 shares of the transportation company’s stock worth $37,000 after acquiring an additional 923 shares in the last quarter. Versant Capital Management Inc lifted its position in Knight-Swift Transportation by 111.3% during the 3rd quarter. Versant Capital Management Inc now owns 936 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 493 shares during the period. MMA Asset Management LLC bought a new stake in Knight-Swift Transportation during the third quarter worth about $41,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new stake in Knight-Swift Transportation during the second quarter worth about $55,000. Institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc (NYSE: KNX) is one of North America’s largest asset-based truckload carriers, offering a wide range of transportation and logistics services. The company was formed in 2017 through the merger of Knight Transportation and Swift Transportation, each with decades of experience in long-haul dry van and refrigerated freight. Since the merger, Knight-Swift has pursued a growth strategy that includes fleet expansions, targeted acquisitions, and investments in technology to enhance service reliability and network efficiency.

The company’s core business activities include full truckload operations for dry van, temperature-controlled and flatbed shipments.