Knight-Swift Transportation (NYSE:KNX) Given New $68.00 Price Target at Barclays

Knight-Swift Transportation (NYSE:KNX - Get Free Report) had its price target increased by Barclays from $62.00 to $68.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an "overweight" rating on the transportation company's stock. Barclays's price target points to a potential upside of 19.17% from the stock's current price.

Other analysts have also issued reports about the stock. Evercore ISI increased their price objective on shares of Knight-Swift Transportation from $49.00 to $52.00 and gave the stock an "in-line" rating in a research report on Thursday, October 24th. Susquehanna increased their price objective on shares of Knight-Swift Transportation from $45.00 to $48.00 and gave the stock a "neutral" rating in a research report on Thursday, September 26th. TD Cowen raised their target price on shares of Knight-Swift Transportation from $55.00 to $56.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. raised their target price on shares of Knight-Swift Transportation from $51.00 to $57.00 and gave the stock a "neutral" rating in a research report on Thursday, July 25th. Finally, Stifel Nicolaus raised their target price on shares of Knight-Swift Transportation from $47.00 to $48.00 and gave the stock a "hold" rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $56.38.

Knight-Swift Transportation Trading Up 1.1 %

Shares of NYSE:KNX traded up $0.61 during trading on Wednesday, reaching $57.06. The company's stock had a trading volume of 1,689,587 shares, compared to its average volume of 2,073,059. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.31. Knight-Swift Transportation has a 12 month low of $45.55 and a 12 month high of $60.99. The firm's 50 day simple moving average is $52.78 and its two-hundred day simple moving average is $50.86. The stock has a market capitalization of $9.24 billion, a PE ratio of 245.92, a price-to-earnings-growth ratio of 2.06 and a beta of 0.93.

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

Insider Buying and Selling at Knight-Swift Transportation

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

Institutional Investors Weigh In On Knight-Swift Transportation

Institutional investors and hedge funds have recently made changes to their positions in the stock. Commonwealth Equity Services LLC raised its holdings in shares of Knight-Swift Transportation by 0.8% during the second quarter. Commonwealth Equity Services LLC now owns 24,633 shares of the transportation company's stock worth $1,230,000 after purchasing an additional 196 shares during the last quarter. United Services Automobile Association raised its holdings in shares of Knight-Swift Transportation by 1.6% during the second quarter. United Services Automobile Association now owns 12,770 shares of the transportation company's stock worth $637,000 after purchasing an additional 199 shares during the last quarter. Brown Brothers Harriman & Co. raised its holdings in shares of Knight-Swift Transportation by 28.6% during the second quarter. Brown Brothers Harriman & Co. now owns 900 shares of the transportation company's stock worth $45,000 after purchasing an additional 200 shares during the last quarter. MQS Management LLC raised its holdings in shares of Knight-Swift Transportation by 3.7% during the second quarter. MQS Management LLC now owns 6,981 shares of the transportation company's stock worth $348,000 after purchasing an additional 250 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in shares of Knight-Swift Transportation by 34.2% during the third 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. 88.77% of the stock is currently owned by institutional investors and hedge funds.

About Knight-Swift Transportation

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.