Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Receives $56.00 Consensus Target Price from Analysts

Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Get Free Report) have received an average recommendation of "Moderate Buy" from the seventeen brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $56.38.

A number of brokerages have recently weighed in on KNX. Citigroup downgraded Knight-Swift Transportation from a "neutral" rating to a "sell" rating and set a $56.00 target price on the stock. in a report on Tuesday. Susquehanna upped their price objective on shares of Knight-Swift Transportation from $45.00 to $48.00 and gave the company a "neutral" rating in a research note on Thursday, September 26th. Evercore ISI lifted their target price on shares of Knight-Swift Transportation from $49.00 to $52.00 and gave the company an "in-line" rating in a research note on Thursday, October 24th. Morgan Stanley dropped their price target on shares of Knight-Swift Transportation from $72.00 to $70.00 and set an "overweight" rating on the stock in a research note on Thursday, October 24th. Finally, Bank of America increased their price objective on Knight-Swift Transportation from $57.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, October 24th.

Knight-Swift Transportation Trading Up 1.6 %

Shares of KNX stock traded up $0.92 during trading hours on Wednesday, reaching $57.37. 968,987 shares of the stock traded hands, compared to its average volume of 2,069,783. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $9.29 billion, a PE ratio of 245.92, a PEG ratio of 2.06 and a beta of 0.93. Knight-Swift Transportation has a 1-year low of $45.55 and a 1-year high of $60.99. The business has a fifty day moving average price of $52.78 and a 200 day moving average price of $50.86.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The transportation company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.91 billion. Knight-Swift Transportation had a net margin of 0.50% and a return on equity of 1.81%. The company's revenue was down 7.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.41 EPS. On average, equities research analysts forecast that Knight-Swift Transportation will post 1.05 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Friday, December 6th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.12%. Knight-Swift Transportation's payout ratio is 278.27%.

Insider Activity at Knight-Swift Transportation

In other Knight-Swift Transportation news, Director Robert E. Synowicki, Jr. sold 2,500 shares of the business's stock in a transaction on Friday, August 16th. The shares were sold at an average price of $53.32, for a total transaction of $133,300.00. Following the completion of the transaction, the director now owns 21,833 shares of the company's stock, valued at $1,164,135.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Knight-Swift Transportation

Several hedge funds have recently modified their holdings of KNX. Victory Capital Management Inc. raised its stake in Knight-Swift Transportation by 10.9% during the 2nd quarter. Victory Capital Management Inc. now owns 7,594,817 shares of the transportation company's stock valued at $379,133,000 after purchasing an additional 744,412 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Knight-Swift Transportation by 27.6% during the second quarter. Dimensional Fund Advisors LP now owns 5,431,299 shares of the transportation company's stock valued at $271,121,000 after buying an additional 1,176,069 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Knight-Swift Transportation by 13.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,075,449 shares of the transportation company's stock valued at $219,870,000 after buying an additional 467,647 shares during the period. Ceredex Value Advisors LLC grew its position in Knight-Swift Transportation by 3.6% during the second quarter. Ceredex Value Advisors LLC now owns 1,637,206 shares of the transportation company's stock worth $81,729,000 after buying an additional 57,493 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in Knight-Swift Transportation by 0.5% during the third quarter. Thrivent Financial for Lutherans now owns 1,337,737 shares of the transportation company's stock valued at $72,171,000 after acquiring an additional 6,803 shares during the period. 88.77% of the stock is owned by institutional investors.

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.