Knight-Swift Transportation (NYSE:KNX) Stock Price Target Cut by Wells Fargo & Company

Posted by Geri Gentry on Oct 22nd, 2026

Knight-Swift Transportation (NYSE:KNX – Get Free Report) had its price objective decreased by equities researchers at Wells Fargo & Company from $81.00 to $79.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the transportation company’s stock. Wells Fargo & Company’s target price would indicate a potential upside of 23.42% from the company’s previous close.

KNX has been the topic of a number of other research reports. Weiss Ratings restated a “hold (c-)” rating on shares of Knight-Swift Transportation in a report on Friday, October 9th. JPMorgan Chase & Co. upped their price target on Knight-Swift Transportation from $68.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday. Benchmark upped their price target on Knight-Swift Transportation from $75.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Wall Street Zen lowered Knight-Swift Transportation from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Finally, Citizens Jmp started coverage on Knight-Swift Transportation in a research note on Wednesday, July 15th. They set a “market outperform” rating and a $90.00 price objective on the stock. 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 company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $82.78.

Check Out Our Latest Stock Analysis on KNX

Knight-Swift Transportation Stock Up 1.3%

NYSE KNX traded up $0.81 during trading hours on Thursday, hitting $64.01. The company’s stock had a trading volume of 1,764,841 shares, compared to its average volume of 3,647,823. 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 $10.42 billion, a PE ratio of 245.48, a price-to-earnings-growth ratio of 0.54 and a beta of 1.21. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.32. The company’s 50-day simple moving average is $67.21 and its two-hundred day simple moving average is $69.60.

Knight-Swift Transportation (NYSE:KNX – Get Free Report) last released its quarterly earnings results on Wednesday, October 21st. The transportation company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.07. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.16 billion. Knight-Swift Transportation had a return on equity of 3.51% and a net margin of 0.56%. The company’s quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.32 EPS. Research analysts anticipate that Knight-Swift Transportation will post 2.42 EPS for the current fiscal year.

Insider Transactions at Knight-Swift Transportation

In other news, CEO Reid Dove sold 126,864 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was 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 this link. Also, Director David Vander Ploeg sold 2,200 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $52.33, for a total value of $115,126.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 224,954 shares of company stock worth $16,183,454 in the last 90 days. Insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Manning & Napier Advisors LLC bought a new position in Knight-Swift Transportation in the 2nd quarter valued at $173,669,000. Encompass Capital Advisors LLC purchased a new stake in shares of Knight-Swift Transportation during the 1st quarter valued at $28,790,000. Assenagon Asset Management S.A. bought a new stake in shares of Knight-Swift Transportation during the 3rd quarter worth $29,990,000. Baird Financial Group Inc. raised its stake in shares of Knight-Swift Transportation by 152.4% during the 2nd quarter. Baird Financial Group Inc. now owns 426,026 shares of the transportation company’s stock worth $33,175,000 after purchasing an additional 257,256 shares during the period. Finally, Sei Investments Co. raised its stake in shares of 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 purchasing an additional 166,919 shares during the period. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation News Summary

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

Positive Sentiment: Q3 earnings and revenue beat estimates. Knight-Swift reported adjusted earnings of $0.83 per share versus the $0.75-$0.76 consensus and revenue of approximately $2.20 billion, above the $2.16 billion estimate. Earnings more than doubled from $0.32 a year earlier, while revenue increased 14.2%. This marked the company’s third consecutive earnings beat. Knight-Swift Q3 earnings report
Positive Sentiment: Management expects further improvement in the fourth quarter. Knight-Swift projected Q4 adjusted EPS of $0.78-$0.84 and said truckload operating income should improve meaningfully from the third quarter. Analysts also highlighted margin recovery and tighter trucking capacity, which could support pricing and profitability. Knight-Swift Q4 outlook
Positive Sentiment: Price targets were raised by two analysts. Stifel lifted its target from $90 to $92 and maintained a “buy” rating. JPMorgan raised its target from $68 to $74, although it retained a “neutral” rating. The revisions indicate analysts see meaningful upside if the operating recovery continues.
Neutral Sentiment: Valuation-focused commentary is supportive but not a new catalyst. Zacks identified KNX as a potentially attractive long-term value stock based on its style scores, providing additional support for investors focused on valuation and recovery potential. Zacks long-term value analysis
Negative Sentiment: Profitability remains thin. Despite the earnings improvement, Knight-Swift reported a net margin of only 0.56% and return on equity of 3.51%. The company must convert stronger freight rates and capacity conditions into sustained margin expansion for the bullish outlook to hold.

About Knight-Swift Transportation

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Knight-Swift Transportation Holdings Inc is a transportation and logistics company that provides freight services across North America. The company operates one of the largest truckload fleets in the United States and serves a broad range of industries through its network of company-owned equipment, independent contractors, terminals and distribution facilities.

Its services include dry-van, refrigerated and flatbed truckload transportation; dedicated and expedited delivery; less-than-truckload shipping; freight brokerage; intermodal transportation; cross-border logistics; and warehousing and other supply-chain services.