Wells Fargo & Company Issues Pessimistic Forecast for Knight-Swift Transportation (NYSE:KNX) Stock Price

Knight-Swift Transportation (NYSE:KNX) had its price objective decreased by equities research analysts at Wells Fargo & Company from $86.00 to $81.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the transportation company’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 27.17% from the stock’s previous close.

A number of other research analysts also recently commented on the stock. Zacks Research downgraded shares of Knight-Swift Transportation from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 31st. Benchmark boosted their target price on shares of Knight-Swift Transportation from $75.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. TD Cowen boosted their target price on shares of Knight-Swift Transportation from $82.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Wall Street Zen lowered shares of Knight-Swift Transportation from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. Finally, Barclays increased 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 report on Thursday, June 25th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $83.39.

Knight-Swift Transportation Price Performance

KNX stock opened at $63.69 on Tuesday. The stock’s 50 day moving average is $68.36 and its two-hundred day moving average is $69.03. Knight-Swift Transportation has a 52-week low of $41.24 and a 52-week high of $82.86. The company has a market capitalization of $10.37 billion, a PE ratio of 244.98, a P/E/G ratio of 0.53 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, beating the consensus estimate of $0.51 by $0.12. Knight-Swift Transportation had a return on equity of 3.51% and a net margin of 0.56%.The company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same period in the prior year, the business posted $0.21 EPS. The business’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. Analysts predict that Knight-Swift Transportation will post 2.49 earnings per share for the current fiscal year.

Insider Buying and Selling at Knight-Swift Transportation

In other news, CEO Reid Dove sold 126,864 shares of Knight-Swift Transportation stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $73.13, for a total value of $9,277,564.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David Vander Ploeg sold 2,200 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $52.33, for a total transaction of $115,126.00. Following the sale, the director directly owned 30,252 shares of the company’s stock, valued at approximately $1,583,087.16. This represents a 6.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 224,954 shares of company stock worth $16,183,454 over the last 90 days. Insiders own 2.90% of the company’s stock.

Hedge Funds Weigh In On Knight-Swift Transportation

Large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in shares of Knight-Swift Transportation by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 8,458,088 shares of the transportation company’s stock valued at $486,995,000 after purchasing an additional 60,750 shares during the last quarter. Manning & Napier Advisors LLC bought a new stake in shares of Knight-Swift Transportation in the 2nd quarter worth approximately $173,669,000. Brandes Investment Partners LP boosted its position in Knight-Swift Transportation by 12.3% during the 4th quarter. Brandes Investment Partners LP now owns 1,414,368 shares of the transportation company’s stock valued at $73,943,000 after purchasing an additional 154,525 shares during the period. Bank of New York Mellon Corp grew its stake in Knight-Swift Transportation by 20.1% during the 4th quarter. Bank of New York Mellon Corp now owns 1,385,655 shares of the transportation company’s stock worth $72,442,000 after buying an additional 231,806 shares during the last quarter. Finally, Sei Investments Co. grew its stake in Knight-Swift Transportation by 24.7% during the 1st quarter. Sei Investments Co. now owns 842,644 shares of the transportation company’s stock worth $48,519,000 after buying an additional 166,919 shares during the last quarter. Institutional investors 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.