TD Cowen Lowers Knight-Swift Transportation (NYSE:KNX) Price Target to $49.00

Knight-Swift Transportation (NYSE:KNX - Free Report) had its price target decreased by TD Cowen from $55.00 to $49.00 in a report published on Thursday, MarketBeat.com reports. TD Cowen currently has a buy rating on the transportation company's stock.

Several other research analysts have also recently commented on KNX. Barclays lowered their price target on shares of Knight-Swift Transportation from $68.00 to $62.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. Raymond James dropped their target price on Knight-Swift Transportation from $66.00 to $55.00 and set a "strong-buy" rating on the stock in a report on Friday, April 11th. UBS Group cut their price target on Knight-Swift Transportation from $63.00 to $46.00 and set a "buy" rating on the stock in a research note on Tuesday. Bank of America cut Knight-Swift Transportation from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $66.00 to $46.00 in a research report on Tuesday, April 1st. Finally, StockNews.com raised Knight-Swift Transportation from a "sell" rating to a "hold" rating in a research report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $50.60.

Knight-Swift Transportation Stock Down 3.5 %

Shares of NYSE KNX traded down $1.43 during mid-day trading on Thursday, hitting $38.93. The company had a trading volume of 2,863,297 shares, compared to its average volume of 2,275,929. The company has a market capitalization of $6.31 billion, a PE ratio of 53.33 and a beta of 1.16. The business's 50-day simple moving average is $44.40 and its 200 day simple moving average is $51.31. Knight-Swift Transportation has a 1-year low of $36.69 and a 1-year high of $61.51. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 1.01.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.03. Knight-Swift Transportation had a return on equity of 2.43% and a net margin of 1.59%. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.83 billion. On average, analysts predict that Knight-Swift Transportation will post 2.13 earnings per share for the current year.

Knight-Swift Transportation Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Friday, March 7th were given a $0.18 dividend. This is an increase from Knight-Swift Transportation's previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.72 annualized dividend and a yield of 1.85%. Knight-Swift Transportation's dividend payout ratio is 76.60%.

Insider Buying and Selling

In other Knight-Swift Transportation news, Director Douglas L. Col bought 5,000 shares of Knight-Swift Transportation stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of $45.37 per share, with a total value of $226,850.00. Following the completion of the acquisition, the director now owns 5,000 shares of the company's stock, valued at approximately $226,850. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.00% of the stock is owned by company insiders.

Institutional Trading of Knight-Swift Transportation

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MML Investors Services LLC raised its stake in shares of Knight-Swift Transportation by 4.6% during the third quarter. MML Investors Services LLC now owns 5,182 shares of the transportation company's stock worth $280,000 after purchasing an additional 228 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Knight-Swift Transportation in the 3rd quarter valued at $378,000. Franklin Resources Inc. purchased a new position in Knight-Swift Transportation during the 3rd quarter worth $70,185,000. American Trust acquired a new stake in shares of Knight-Swift Transportation in the 3rd quarter worth $204,000. Finally, Principal Financial Group Inc. lifted its stake in shares of Knight-Swift Transportation by 21.5% in the 3rd quarter. Principal Financial Group Inc. now owns 653,238 shares of the transportation company's stock worth $35,242,000 after acquiring an additional 115,447 shares during the period. 88.77% of the stock is owned by hedge funds and other 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.