Knight-Swift Transportation (NYSE:KNX) Price Target Cut to $81.00 by Analysts at Citigroup

Knight-Swift Transportation (NYSE:KNX) had its price target lowered by research analysts at Citigroup from $90.00 to $81.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. Citigroup’s price objective points to a potential upside of 27.57% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. The Goldman Sachs Group lifted their price objective 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. Zacks Research lowered Knight-Swift Transportation from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 31st. Sanford C. Bernstein started coverage on shares of Knight-Swift Transportation in a report on Thursday, September 10th. They issued an “outperform” rating and a $91.00 target price for the company. Morgan Stanley set a $90.00 price target on shares of Knight-Swift Transportation in a research report on Wednesday, September 2nd. Finally, Stephens upgraded shares of Knight-Swift Transportation to a “strong-buy” rating in a report on Wednesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.39.

Knight-Swift Transportation Trading Down 1.8%

Shares of KNX traded down $1.14 on Wednesday, hitting $63.49. 1,184,221 shares of the stock traded hands, compared to its average volume of 3,665,648. Knight-Swift Transportation has a 1 year low of $41.24 and a 1 year high of $82.86. The stock’s 50 day moving average is $68.51 and its two-hundred day moving average is $68.96. The firm has a market capitalization of $10.33 billion, a P/E ratio of 244.47, a P/E/G ratio of 0.54 and a beta of 1.21. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.32.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results on Wednesday, July 22nd. The transportation company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.51 by $0.12. Knight-Swift Transportation had a net margin of 0.56% and a return on equity of 3.51%. The firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same period in the previous year, the company earned $0.21 EPS. Knight-Swift Transportation’s revenue for the quarter was up 12.6% on a year-over-year basis. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. As a group, sell-side analysts predict that Knight-Swift Transportation will post 2.49 earnings per share for the current year.

Insider Buying and Selling

In other news, Director David Vander Ploeg sold 2,200 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $52.33, for a total transaction of $115,126.00. Following the completion of the sale, the director directly owned 30,252 shares in the company, valued at $1,583,087.16. This trade represents a 6.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Reid Dove sold 126,864 shares of Knight-Swift Transportation stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $73.13, for a total value of $9,277,564.32. The disclosure for this sale is available in the SEC filing. Insiders have sold 224,954 shares of company stock valued at $16,183,454 in the last quarter. Company insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On Knight-Swift Transportation

A number of hedge funds have recently bought and sold shares of KNX. Blue Trust Inc. increased its holdings in Knight-Swift Transportation by 123.9% during the 1st quarter. Blue Trust Inc. now owns 544 shares of the transportation company’s stock worth $31,000 after purchasing an additional 301 shares during the last quarter. MCF Advisors LLC boosted its stake in shares of Knight-Swift Transportation by 55.8% during the 2nd quarter. MCF Advisors LLC now owns 676 shares of the transportation company’s stock valued at $53,000 after buying an additional 242 shares during the last quarter. Harbor Investment Advisory LLC acquired a new stake in shares of Knight-Swift Transportation during the first quarter worth approximately $72,000. Bessemer Group Inc. grew its position in shares of Knight-Swift Transportation by 280.2% during the first quarter. Bessemer Group Inc. now owns 2,129 shares of the transportation company’s stock worth $122,000 after buying an additional 1,569 shares in the last quarter. Finally, Modern Wealth Management LLC acquired a new stake in shares of Knight-Swift Transportation during the first quarter worth approximately $201,000. Institutional investors and hedge funds own 88.77% of the company’s stock.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc (NYSE: KNX) is a transportation and logistics company that provides freight services across North America. Its operations include truckload transportation, less-than-truckload shipping, logistics and intermodal services, supporting the movement of consumer, industrial and other commercial goods.

The company operates a broad network of tractors, trailers, terminals and distribution facilities. Its truckload business provides dedicated and irregular-route services, while its less-than-truckload operations consolidate shipments from multiple customers.