Citigroup Forecasts Strong Price Appreciation for Knight-Swift Transportation (NYSE:KNX) Stock

Knight-Swift Transportation (NYSE:KNX) had its price objective hoisted by research analysts at Citigroup from $59.00 to $64.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Citigroup’s price target would suggest a potential upside of 13.05% from the stock’s current price.

Several other equities analysts also recently commented on KNX. JPMorgan Chase & Co. increased their price objective on shares of Knight-Swift Transportation from $48.00 to $49.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Barclays dropped their price target on Knight-Swift Transportation from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, October 2nd. TD Cowen boosted their price objective on Knight-Swift Transportation from $53.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. Susquehanna upped their target price on Knight-Swift Transportation from $42.00 to $58.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Stifel Nicolaus lifted their price target on Knight-Swift Transportation from $52.00 to $59.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Knight-Swift Transportation presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.59.

Knight-Swift Transportation Price Performance

NYSE:KNX traded up $1.47 during trading hours on Thursday, hitting $56.61. The company’s stock had a trading volume of 2,912,094 shares, compared to its average volume of 3,315,642. Knight-Swift Transportation has a twelve month low of $36.69 and a twelve month high of $61.51. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.33 and a quick ratio of 1.33. The stock has a fifty day simple moving average of $48.78 and a 200-day simple moving average of $45.44. The company has a market capitalization of $9.19 billion, a P/E ratio of 64.33, a PEG ratio of 0.72 and a beta of 1.16.

Knight-Swift Transportation (NYSE:KNX) last posted its earnings results on Wednesday, October 22nd. The transportation company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period last year, the company posted $0.34 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. Knight-Swift Transportation has set its Q4 2025 guidance at 0.340-0.400 EPS. On average, analysts anticipate that Knight-Swift Transportation will post 2.13 EPS for the current fiscal year.

Insider Buying and Selling at Knight-Swift Transportation

In related news, CAO Cary M. Flanagan sold 4,300 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $45.04, for a total transaction of $193,672.00. Following the sale, the chief accounting officer owned 5,644 shares in the company, valued at $254,205.76. This represents a 43.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $241,684.92. Following the completion of the sale, the senior vice president owned 465 shares of the company’s stock, valued at approximately $23,952.15. The trade was a 90.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 43,992 shares of company stock valued at $2,220,707. 3.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Knight-Swift Transportation

A number of institutional investors and hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd increased its stake in shares of Knight-Swift Transportation by 1,478.6% in the 3rd 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 in the last quarter. SJS Investment Consulting Inc. grew its holdings in Knight-Swift Transportation by 7,100.0% in the third quarter. SJS Investment Consulting Inc. now owns 936 shares of the transportation company’s stock worth $37,000 after purchasing an additional 923 shares during the period. Versant Capital Management Inc increased its stake in Knight-Swift Transportation by 111.3% in the third quarter. Versant Capital Management Inc now owns 936 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 493 shares in the last quarter. MMA Asset Management LLC bought a new stake in Knight-Swift Transportation in the third quarter valued at $41,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Knight-Swift Transportation during the second quarter valued at about $55,000. 88.77% of the stock is currently owned by institutional investors.

About Knight-Swift Transportation

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.