Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Receives $57.00 Consensus Target Price from Analysts

Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) have earned an average rating of “Moderate Buy” from the seventeen brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $58.19.

Several research firms have recently issued reports on KNX. The Goldman Sachs Group lifted their price target on Knight-Swift Transportation from $45.00 to $51.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. TD Cowen upped their price target on shares of Knight-Swift Transportation from $55.00 to $56.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Susquehanna upgraded shares of Knight-Swift Transportation from a “neutral” rating to a “positive” rating and increased their price target for the company from $48.00 to $67.00 in a research report on Friday. Raymond James lifted their price objective on Knight-Swift Transportation from $57.00 to $58.00 and gave the stock a “strong-buy” rating in a research report on Monday, October 14th. Finally, Stifel Nicolaus increased their target price on Knight-Swift Transportation from $47.00 to $48.00 and gave the company a “hold” rating in a report on Friday, October 25th.

Knight-Swift Transportation Trading Down 0.4 %

Shares of KNX opened at $54.28 on Thursday. Knight-Swift Transportation has a twelve month low of $45.55 and a twelve 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 capitalization of $8.79 billion, a P/E ratio of 236.01, a PEG ratio of 1.89 and a beta of 0.98. The firm’s 50-day moving average is $55.45 and its two-hundred day moving average is $52.89.

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

Knight-Swift Transportation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Friday, December 6th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Friday, December 6th. Knight-Swift Transportation’s dividend payout ratio is currently 278.26%.

Insider Transactions at Knight-Swift Transportation

In other Knight-Swift Transportation news, Director Ploeg David Vander sold 500 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 30,729 shares in the company, valued at $1,754,625.90. The trade was a 1.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Kevin P. Knight sold 29,779 shares of the firm’s stock in a transaction on 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

A number of institutional investors have recently added to or reduced their stakes in KNX. Concurrent Investment Advisors LLC purchased a new stake in shares of Knight-Swift Transportation in the second quarter worth about $255,000. Commonwealth Equity Services LLC boosted its holdings 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 worth $1,230,000 after acquiring an additional 196 shares during the period. CIBC Asset Management Inc grew its position in Knight-Swift Transportation by 8.2% in the second quarter. CIBC Asset Management Inc now owns 4,517 shares of the transportation company’s stock valued at $225,000 after acquiring an additional 343 shares in the last quarter. Versor Investments LP raised its stake in shares of Knight-Swift Transportation by 33.3% during the second quarter. Versor Investments LP now owns 12,300 shares of the transportation company’s stock valued at $614,000 after purchasing an additional 3,076 shares during the period. Finally, Fiera Capital Corp lifted its position in shares of Knight-Swift Transportation by 1.1% during the second quarter. Fiera Capital Corp now owns 404,352 shares of the transportation company’s stock worth $20,185,000 after purchasing an additional 4,534 shares in the last quarter. 88.77% of the stock is owned by hedge funds and other 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.