Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Receives $75.41 Average Price Target from Analysts

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) has been given an average rating of “Buy” by the nineteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, fourteen have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $79.00.

Several equities analysts have recently weighed in on the stock. Raymond James Financial increased their price objective on shares of Knight-Swift Transportation from $76.00 to $91.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 2nd. Robert W. Baird upped their price target on shares of Knight-Swift Transportation from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Stifel Nicolaus raised their price objective on shares of Knight-Swift Transportation from $63.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Stephens upgraded Knight-Swift Transportation to a “strong-buy” rating in a report on Wednesday. Finally, The Goldman Sachs Group upped their target price on Knight-Swift Transportation from $65.00 to $86.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in KNX. Blue Trust Inc. boosted its position in shares of Knight-Swift Transportation by 123.9% in the first quarter. Blue Trust Inc. now owns 544 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 301 shares during the period. Clearstead Advisors LLC increased its position in Knight-Swift Transportation by 134.6% during the fourth quarter. Clearstead Advisors LLC now owns 671 shares of the transportation company’s stock worth $35,000 after acquiring an additional 385 shares during the period. Caitong International Asset Management Co. Ltd increased 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 worth $35,000 after acquiring an additional 828 shares during the period. Los Angeles Capital Management LLC acquired a new stake in Knight-Swift Transportation in the 4th quarter worth about $39,000. Finally, Fifth Third Bancorp boosted its holdings in Knight-Swift Transportation by 44.4% in the 4th quarter. Fifth Third Bancorp now owns 868 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 267 shares during the period. Institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Stock Performance

Shares of NYSE KNX traded down $2.13 during midday trading on Monday, hitting $75.04. 4,104,637 shares of the company’s stock were exchanged, compared to its average volume of 3,626,918. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $12.19 billion, a PE ratio of 357.37, a price-to-earnings-growth ratio of 0.87 and a beta of 1.18. Knight-Swift Transportation has a 12 month low of $38.63 and a 12 month high of $82.86. The company’s 50 day moving average price is $73.34 and its 200 day moving average price is $63.43.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings results on Wednesday, April 22nd. The transportation company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.20). Knight-Swift Transportation had a net margin of 0.45% and a return on equity of 2.94%. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter last year, the company posted $0.28 EPS. The firm’s revenue was up 1.4% on a year-over-year basis. As a group, analysts predict that Knight-Swift Transportation will post 2.18 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Monday, June 8th were paid a $0.20 dividend. The ex-dividend date was Monday, June 8th. This represents a $0.80 annualized dividend and a yield of 1.1%. Knight-Swift Transportation’s payout ratio is 380.95%.

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.