Knight-Swift Transportation (NYSE:KNX) Price Target Raised to $66.00

Knight-Swift Transportation (NYSE:KNX - Get Free Report) had its target price upped by stock analysts at Raymond James from $62.00 to $66.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a "strong-buy" rating on the transportation company's stock. Raymond James' target price would suggest a potential upside of 14.70% from the company's current price.

Several other equities analysts also recently issued reports on the stock. Evercore ISI boosted their price target on shares of Knight-Swift Transportation from $49.00 to $52.00 and gave the company an "in-line" rating in a report on Thursday, October 24th. Susquehanna raised shares of Knight-Swift Transportation from a "neutral" rating to a "positive" rating and boosted their target price for the company from $48.00 to $67.00 in a research note on Friday, January 3rd. Barclays raised their price target on shares of Knight-Swift Transportation from $62.00 to $68.00 and gave the company an "overweight" rating in a research note on Wednesday, November 13th. Morgan Stanley reduced their price objective on Knight-Swift Transportation from $72.00 to $70.00 and set an "overweight" rating for the company in a research report on Thursday, October 24th. Finally, Stifel Nicolaus raised their target price on Knight-Swift Transportation from $47.00 to $48.00 and gave the company a "hold" rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $59.38.

Knight-Swift Transportation Stock Performance

Shares of NYSE:KNX traded up $2.54 on Thursday, reaching $57.54. 6,090,904 shares of the company's stock were exchanged, compared to its average volume of 2,337,129. Knight-Swift Transportation has a fifty-two week low of $45.55 and a fifty-two week high of $61.51. The business's 50-day moving average is $55.24 and its two-hundred day moving average is $53.35. 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 $9.32 billion, a price-to-earnings ratio of 250.19, a PEG ratio of 1.03 and a beta of 0.98.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The transportation company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.03. Knight-Swift Transportation had a return on equity of 1.81% and a net margin of 0.50%. As a group, equities research analysts forecast that Knight-Swift Transportation will post 1.04 EPS for the current year.

Insider Buying and Selling

In other Knight-Swift Transportation news, Chairman Kevin P. Knight sold 29,779 shares of Knight-Swift Transportation stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $57.19, for a total transaction of $1,703,061.01. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ploeg David Vander sold 500 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $57.10, for a total value of $28,550.00. Following the completion of the sale, the director now owns 30,729 shares of the company's stock, valued at $1,754,625.90. The trade was a 1.60 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.00% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of KNX. Deseret Mutual Benefit Administrators boosted its stake in shares of Knight-Swift Transportation by 87.2% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 747 shares of the transportation company's stock valued at $40,000 after buying an additional 348 shares during the period. UMB Bank n.a. grew its stake in Knight-Swift Transportation by 84.3% in the fourth quarter. UMB Bank n.a. now owns 809 shares of the transportation company's stock valued at $43,000 after purchasing an additional 370 shares in the last quarter. GAMMA Investing LLC increased its position in Knight-Swift Transportation by 36.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,127 shares of the transportation company's stock worth $61,000 after purchasing an additional 302 shares during the last quarter. Venturi Wealth Management LLC increased its position in Knight-Swift Transportation by 34.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,145 shares of the transportation company's stock worth $62,000 after purchasing an additional 292 shares during the last quarter. Finally, Quarry LP raised its stake in shares of Knight-Swift Transportation by 71.1% during the 3rd quarter. Quarry LP now owns 1,201 shares of the transportation company's stock worth $65,000 after purchasing an additional 499 shares in the last quarter. 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.