Citigroup Upgrades Knight-Swift Transportation (NYSE:KNX) to "Neutral"

Knight-Swift Transportation (NYSE:KNX - Get Free Report) was upgraded by analysts at Citigroup from a "sell" rating to a "neutral" rating in a note issued to investors on Monday, MarketBeat reports. The brokerage presently has a $53.00 price objective on the transportation company's stock. Citigroup's price target indicates a potential upside of 16.14% from the stock's current price.

KNX has been the subject of several other research reports. StockNews.com upgraded shares of Knight-Swift Transportation from a "sell" rating to a "hold" rating in a report on Thursday, January 23rd. Susquehanna raised Knight-Swift Transportation from a "neutral" rating to a "positive" rating and raised their price objective for the stock from $48.00 to $67.00 in a report on Friday, January 3rd. The Goldman Sachs Group boosted their target price on Knight-Swift Transportation from $45.00 to $51.00 and gave the company a "neutral" rating in a report on Thursday, December 12th. Barclays raised their price target on Knight-Swift Transportation from $62.00 to $68.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 13th. Finally, Raymond James boosted their price objective on Knight-Swift Transportation from $62.00 to $66.00 and gave the company a "strong-buy" rating in a research note on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $59.41.

Remove Ads

Knight-Swift Transportation Trading Down 2.3 %

NYSE KNX traded down $1.08 during trading on Monday, hitting $45.63. The stock had a trading volume of 1,899,828 shares, compared to its average volume of 2,108,990. The company has a market capitalization of $7.39 billion, a PE ratio of 62.51 and a beta of 0.97. Knight-Swift Transportation has a twelve month low of $44.98 and a twelve month high of $61.51. The company has a quick ratio of 1.01, a current ratio of 0.85 and a debt-to-equity ratio of 0.30. The firm has a 50 day moving average price of $53.41 and a 200 day moving average price of $53.69.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.03. Knight-Swift Transportation had a return on equity of 2.43% and a net margin of 1.59%. As a group, equities research analysts forecast that Knight-Swift Transportation will post 2.13 earnings per share for the current year.

Institutional Investors Weigh In On Knight-Swift Transportation

Hedge funds have recently made changes to their positions in the company. Voya Investment Management LLC increased its position in shares of Knight-Swift Transportation by 0.9% during the fourth quarter. Voya Investment Management LLC now owns 20,550 shares of the transportation company's stock valued at $1,090,000 after purchasing an additional 192 shares during the period. GAMMA Investing LLC boosted its stake in Knight-Swift Transportation by 18.5% during the fourth quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company's stock worth $71,000 after buying an additional 208 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in Knight-Swift Transportation by 20.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company's stock valued at $67,000 after buying an additional 213 shares during the period. Benjamin Edwards Inc. raised its stake in shares of Knight-Swift Transportation by 3.3% in the 4th quarter. Benjamin Edwards Inc. now owns 6,687 shares of the transportation company's stock valued at $355,000 after buying an additional 216 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of Knight-Swift Transportation by 8.5% during the 4th quarter. Signaturefd LLC now owns 2,769 shares of the transportation company's stock worth $147,000 after acquiring an additional 218 shares during the period. Hedge funds and other institutional investors own 88.77% of the company's stock.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides freight transportation services in the United States and Mexico. The company operates through four segments: Truckload, Less-than-truckload (LTL), Logistics, and Intermodal. The Truckload segment provides transportation services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.