Knight-Swift Transportation (NYSE:KNX) Price Target Raised to $91.00 at Raymond James Financial

Knight-Swift Transportation (NYSE:KNX) had its price objective lifted by stock analysts at Raymond James Financial from $76.00 to $91.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “strong-buy” rating on the transportation company’s stock. Raymond James Financial’s price objective would suggest a potential upside of 17.72% from the stock’s current price.

Several other research analysts also recently commented on the company. Zacks Research raised Knight-Swift Transportation from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Susquehanna raised shares of Knight-Swift Transportation from a “neutral” rating to a “positive” rating and set a $90.00 target price on the stock in a research note on Tuesday, June 2nd. Weiss Ratings raised shares of Knight-Swift Transportation from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, April 15th. Wells Fargo & Company increased their target price on shares of Knight-Swift Transportation from $65.00 to $86.00 and gave the company an “overweight” rating in a research report on Friday, June 5th. Finally, Barclays raised their price target on shares of Knight-Swift Transportation from $75.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $75.41.

Knight-Swift Transportation Trading Down 0.7%

KNX stock opened at $77.30 on Thursday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.26. Knight-Swift Transportation has a 12-month low of $38.63 and a 12-month high of $82.86. The stock has a market cap of $12.56 billion, a price-to-earnings ratio of 368.13, a PEG ratio of 0.99 and a beta of 1.18. The business’s 50-day moving average is $71.82 and its 200 day moving average is $62.39.

Knight-Swift Transportation (NYSE:KNX) last announced its earnings results on Wednesday, April 22nd. The transportation company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.20). The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.85 billion. Knight-Swift Transportation had a net margin of 0.45% and a return on equity of 2.94%. Knight-Swift Transportation’s revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.28 EPS. On average, sell-side analysts anticipate that Knight-Swift Transportation will post 2.14 EPS for the current fiscal year.

Institutional Investors Weigh In On Knight-Swift Transportation

Hedge funds and other institutional investors have recently bought and sold shares of the company. Blue Trust Inc. boosted its holdings in Knight-Swift Transportation by 123.9% in the 1st quarter. Blue Trust Inc. now owns 544 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 301 shares during the last quarter. Clearstead Advisors LLC increased its holdings in shares of Knight-Swift Transportation by 134.6% during the 4th quarter. Clearstead Advisors LLC now owns 671 shares of the transportation company’s stock worth $35,000 after buying an additional 385 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Knight-Swift Transportation during the 4th quarter worth approximately $39,000. Fifth Third Bancorp raised its position in shares of Knight-Swift Transportation by 44.4% during the 4th quarter. Fifth Third Bancorp now owns 868 shares of the transportation company’s stock valued at $45,000 after buying an additional 267 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in Knight-Swift Transportation by 1,478.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 828 shares during the last quarter. 88.77% of the stock is currently owned by institutional investors and hedge funds.

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.