Wells Fargo & Company Forecasts Strong Price Appreciation for Knight-Swift Transportation (NYSE:KNX) Stock

Knight-Swift Transportation (NYSE:KNX) had its target price lifted by analysts at Wells Fargo & Company from $58.00 to $60.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the transportation company’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 9.04% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. Benchmark restated a “buy” rating on shares of Knight-Swift Transportation in a research report on Friday, October 24th. Evercore ISI cut their price objective on Knight-Swift Transportation from $47.00 to $42.00 and set an “in-line” rating for the company in a research note on Tuesday, September 30th. Bank of America upgraded Knight-Swift Transportation from a “neutral” rating to a “buy” rating and raised their target price for the company from $41.00 to $50.00 in a research report on Thursday, October 16th. TD Cowen boosted their price target 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. Finally, Deutsche Bank Aktiengesellschaft upgraded Knight-Swift Transportation from a “hold” rating to a “buy” rating and raised their price objective for the company from $43.00 to $53.00 in a report on Thursday, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.35.

Knight-Swift Transportation Price Performance

Shares of Knight-Swift Transportation stock traded up $0.97 on Tuesday, reaching $55.02. The company’s stock had a trading volume of 301,466 shares, compared to its average volume of 1,876,403. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $8.93 billion, a P/E ratio of 62.59, a PEG ratio of 0.69 and a beta of 1.16. The stock has a 50-day moving average price of $48.34 and a 200-day moving average price of $45.29. Knight-Swift Transportation has a 52-week low of $36.69 and a 52-week high of $61.51.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings results on Wednesday, October 22nd. The transportation company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.06). The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.91 billion. Knight-Swift Transportation had a net margin of 1.90% and a return on equity of 2.98%. Knight-Swift Transportation’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.34 EPS. Knight-Swift Transportation has set its Q4 2025 guidance at 0.340-0.400 EPS. Analysts expect that Knight-Swift Transportation will post 2.13 EPS for the current year.

Insider Buying and Selling

In other news, SVP Reed Stultz sold 4,692 shares of Knight-Swift Transportation stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $51.51, for a total transaction of $241,684.92. Following the transaction, the senior vice president owned 465 shares in the company, valued at $23,952.15. The trade was a 90.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Kevin P. Knight sold 35,000 shares of the company’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $51.01, for a total transaction of $1,785,350.00. Following the completion of the sale, the chairman directly owned 1,405,347 shares of the company’s stock, valued at $71,686,750.47. This represents a 2.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 43,992 shares of company stock worth $2,220,707. 3.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Knight-Swift Transportation

A number of institutional investors have recently bought and sold shares of the company. ProShare Advisors LLC grew its stake in shares of Knight-Swift Transportation by 3.8% in the 2nd quarter. ProShare Advisors LLC now owns 7,529 shares of the transportation company’s stock valued at $333,000 after buying an additional 276 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in Knight-Swift Transportation by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 52,930 shares of the transportation company’s stock valued at $2,091,000 after acquiring an additional 306 shares during the last quarter. Jones Financial Companies Lllp grew its position in Knight-Swift Transportation by 2.7% in the third quarter. Jones Financial Companies Lllp now owns 13,081 shares of the transportation company’s stock worth $519,000 after acquiring an additional 343 shares during the period. Benjamin Edwards Inc. increased its stake in Knight-Swift Transportation by 4.5% during the third quarter. Benjamin Edwards Inc. now owns 8,130 shares of the transportation company’s stock worth $321,000 after acquiring an additional 351 shares during the last quarter. Finally, IFP Advisors Inc increased its stake in Knight-Swift Transportation by 21.3% during the second quarter. IFP Advisors Inc now owns 2,162 shares of the transportation company’s stock worth $96,000 after acquiring an additional 379 shares during 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 (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.