Knight-Swift Transportation (NYSE:KNX) Price Target Raised to $84.00

Knight-Swift Transportation (NYSE:KNX) had its target price raised by JPMorgan Chase & Co. from $77.00 to $84.00 in a research note released on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the transportation company’s stock.

A number of other research firms have also recently weighed in on KNX. Citigroup raised Knight-Swift Transportation from a “neutral” rating to a “buy” rating and set a $90.00 price target for the company in a report on Thursday, July 9th. Bank of America boosted their price objective on Knight-Swift Transportation from $90.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday. Barclays increased their target price on Knight-Swift Transportation from $75.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. UBS Group raised their target price on Knight-Swift Transportation from $79.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, June 1st. Finally, Evercore raised Knight-Swift Transportation from an “in-line” rating to an “outperform” rating and set a $65.00 price target for the company in a report on Friday, March 27th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $84.44.

Knight-Swift Transportation Price Performance

Shares of Knight-Swift Transportation stock opened at $72.40 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.70 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $11.76 billion, a price-to-earnings ratio of 278.48, a P/E/G ratio of 0.78 and a beta of 1.18. Knight-Swift Transportation has a 1-year low of $38.63 and a 1-year high of $82.86. The firm’s 50-day moving average price is $75.60 and its two-hundred day moving average price is $64.97.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share 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 company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same quarter last year, the business posted $0.21 earnings per share. The company’s revenue 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. On average, equities analysts predict that Knight-Swift Transportation will post 2.42 earnings per share for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Monday, June 8th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. Knight-Swift Transportation’s dividend payout ratio (DPR) is currently 307.69%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of KNX. Handelsbanken Fonder AB lifted its holdings in Knight-Swift Transportation by 7.2% during the 2nd quarter. Handelsbanken Fonder AB now owns 48,900 shares of the transportation company’s stock worth $3,808,000 after buying an additional 3,300 shares in the last quarter. IFC & Insurance Marketing Inc. acquired a new stake in shares of Knight-Swift Transportation in the 2nd quarter valued at $245,000. GAMMA Investing LLC increased its stake in shares of Knight-Swift Transportation by 20.0% in the 2nd quarter. GAMMA Investing LLC now owns 4,380 shares of the transportation company’s stock valued at $341,000 after buying an additional 729 shares during the period. Mader & Shannon Wealth Management Inc. increased its stake in shares of Knight-Swift Transportation by 1.7% in the 2nd quarter. Mader & Shannon Wealth Management Inc. now owns 171,537 shares of the transportation company’s stock valued at $13,358,000 after buying an additional 2,818 shares during the period. Finally, DV Trading LLC bought a new stake in shares of Knight-Swift Transportation during the first quarter worth $287,000. Institutional investors and hedge funds own 88.77% of the company’s stock.

Trending Headlines about Knight-Swift Transportation

Here are the key news stories impacting Knight-Swift Transportation this week:

• Positive Sentiment: KNX beat Q2 estimates, reporting $0.63 EPS versus $0.49-$0.51 expected, with revenue of $2.10 billion topping forecasts of about $2.05 billion. Article: Knight-Swift Transportation Holdings (KNX) Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Margins improved as truckload pricing, network efficiency and intermodal growth helped drive profitability, with truckload EBIT and EPS showing sharp year-over-year gains. Article: Knight-Swift Q2 Earnings Beat Estimates on Truckload Margin Gains
• Positive Sentiment: Several firms raised price targets after the report, including Bank of America, Stifel, Susquehanna, TD Cowen and JPMorgan, signaling improved sentiment toward KNX. Article: Analyst price target updates
• Positive Sentiment: KNX was also added to Zacks’ Rank #1 “Strong Buy” growth list, which may support investor confidence in the stock. Article: Best Growth Stocks to Buy for July 24th
• Neutral Sentiment: Market commentary notes the stock is falling today after the earnings release, likely reflecting a “buy the rumor, sell the news” reaction or investor concern about whether the strong quarter can be sustained. Article: Why Knight-Swift Transportation (KNX) stock is falling today

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.