Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Receives $70.19 Consensus PT from Brokerages

Knight-Swift Transportation Holdings Inc. (NYSE:KNXGet Free Report) has been given an average rating of “Moderate Buy” by the eighteen analysts that are covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $71.8125.

Several equities analysts have recently commented on KNX shares. Wells Fargo & Company upped their target price on Knight-Swift Transportation from $65.00 to $86.00 and gave the company an “overweight” rating in a report on Friday, June 5th. UBS Group upped their target price on Knight-Swift Transportation from $79.00 to $94.00 and gave the company a “buy” rating in a report on Monday, June 1st. TD Cowen upped their target price on Knight-Swift Transportation from $60.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Susquehanna raised Knight-Swift Transportation from a “neutral” rating to a “positive” rating and set a $90.00 target price for the company in a report on Tuesday, June 2nd. Finally, Robert W. Baird upped their target price on Knight-Swift Transportation from $62.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd.

Check Out Our Latest Report on Knight-Swift Transportation

Hedge Funds Weigh In On Knight-Swift Transportation

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. grew its holdings in Knight-Swift Transportation by 123.9% in the 1st quarter. Blue Trust Inc. now owns 544 shares of the transportation company’s stock worth $31,000 after buying an additional 301 shares in the last quarter. Clearstead Advisors LLC grew its holdings in Knight-Swift Transportation by 134.6% in the 4th quarter. Clearstead Advisors LLC now owns 671 shares of the transportation company’s stock worth $35,000 after buying an additional 385 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in Knight-Swift Transportation in the 4th quarter worth approximately $39,000. Fifth Third Bancorp grew its holdings in Knight-Swift Transportation by 44.4% in the 4th quarter. Fifth Third Bancorp now owns 868 shares of the transportation company’s stock worth $45,000 after buying an additional 267 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its holdings in Knight-Swift Transportation by 1,478.6% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the transportation company’s stock worth $35,000 after buying an additional 828 shares in the last quarter. 88.77% of the stock is owned by institutional investors.

Knight-Swift Transportation Stock Down 3.1%

NYSE:KNX opened at $79.05 on Thursday. The firm has a market capitalization of $12.85 billion, a PE ratio of 376.46, a price-to-earnings-growth ratio of 1.04 and a beta of 1.18. The stock has a 50 day moving average of $68.49 and a 200-day moving average of $60.15. Knight-Swift Transportation has a 52 week low of $38.63 and a 52 week high of $82.86. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.26.

Knight-Swift Transportation (NYSE:KNXGet Free Report) last posted its earnings results on Wednesday, April 22nd. The transportation company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.20). The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.85 billion. Knight-Swift Transportation had a net margin of 0.45% and a return on equity of 2.94%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the company posted $0.28 earnings per share. Analysts predict that Knight-Swift Transportation will post 2.14 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Monday, June 8th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Monday, June 8th. Knight-Swift Transportation’s dividend payout ratio is 380.95%.

Knight-Swift Transportation Company Profile

(Get Free Report)

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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Analyst Recommendations for Knight-Swift Transportation (NYSE:KNX)

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