Knight-Swift Transportation (NYSE:KNX – Get Free Report) had its price target increased by investment analysts at Wells Fargo & Company from $65.00 to $86.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the transportation company’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 9.52% from the stock’s current price.
Several other research firms have also recently issued reports on KNX. Susquehanna upgraded shares of Knight-Swift Transportation from a “neutral” rating to a “positive” rating and set a $90.00 price objective on the stock in a research report on Tuesday. UBS Group upped their target price on shares of Knight-Swift Transportation from $79.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday. TD Cowen lifted their price target on shares of Knight-Swift Transportation from $60.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Stifel Nicolaus boosted their price target on shares of Knight-Swift Transportation from $63.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Finally, Robert W. Baird increased their price objective on shares of Knight-Swift Transportation from $62.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $70.19.
View Our Latest Analysis on Knight-Swift Transportation
Knight-Swift Transportation Stock Performance
Knight-Swift Transportation (NYSE:KNX – Get Free Report) last issued its earnings results on Wednesday, April 22nd. The transportation company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.20). Knight-Swift Transportation had a net margin of 0.45% and a return on equity of 2.94%. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same period last year, the business posted $0.28 EPS. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, equities research analysts predict that Knight-Swift Transportation will post 2.14 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. Blue Trust Inc. raised its stake in shares of Knight-Swift Transportation by 123.9% in the first quarter. Blue Trust Inc. now owns 544 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 301 shares during the period. Clearstead Advisors LLC boosted its stake in shares of Knight-Swift Transportation by 134.6% during the 4th quarter. Clearstead Advisors LLC now owns 671 shares of the transportation company’s stock worth $35,000 after purchasing an additional 385 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in Knight-Swift Transportation by 1,478.6% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 828 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in Knight-Swift Transportation during the 4th quarter valued at about $39,000. Finally, MMA Asset Management LLC purchased a new stake in Knight-Swift Transportation in the 3rd quarter worth about $41,000. Institutional investors own 88.77% of the company’s stock.
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.
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