Knight-Swift Transportation (NYSE:KNX) Stock Rating Upgraded by Citigroup

Knight-Swift Transportation (NYSE:KNX - Get Free Report) was upgraded by research analysts at Citigroup from a "neutral" rating to a "buy" rating in a research report issued on Tuesday, Marketbeat Ratings reports. The firm currently has a $48.00 price target on the transportation company's stock, down from their previous price target of $53.00. Citigroup's price objective would indicate a potential upside of 20.48% from the stock's previous close.

A number of other research firms have also recently issued reports on KNX. TD Cowen raised their target price on Knight-Swift Transportation from $62.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Benchmark assumed coverage on shares of Knight-Swift Transportation in a research report on Tuesday, March 4th. They issued a "buy" rating and a $63.00 price objective on the stock. Wells Fargo & Company reduced their target price on shares of Knight-Swift Transportation from $65.00 to $55.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Bank of America lowered shares of Knight-Swift Transportation from a "buy" rating to a "neutral" rating and dropped their price target for the company from $66.00 to $46.00 in a research note on Tuesday, April 1st. Finally, The Goldman Sachs Group boosted their price objective on Knight-Swift Transportation from $45.00 to $51.00 and gave the stock a "neutral" rating in a research report on Thursday, December 12th. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Knight-Swift Transportation has a consensus rating of "Moderate Buy" and a consensus target price of $55.94.

Knight-Swift Transportation Stock Performance

Shares of NYSE KNX traded down $0.75 during midday trading on Tuesday, hitting $39.84. The company's stock had a trading volume of 4,224,230 shares, compared to its average volume of 2,304,892. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 0.85. Knight-Swift Transportation has a 1-year low of $36.69 and a 1-year high of $61.51. The firm's fifty day moving average price is $47.45 and its 200-day moving average price is $52.20. The firm has a market cap of $6.45 billion, a P/E ratio of 54.57 and a beta of 1.16.

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 2.43% and a net margin of 1.59%. On average, sell-side analysts forecast that Knight-Swift Transportation will post 2.13 EPS for the current fiscal year.

Insider Transactions at Knight-Swift Transportation

In other Knight-Swift Transportation news, Director Douglas L. Col bought 5,000 shares of Knight-Swift Transportation stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $45.37 per share, for a total transaction 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 position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.00% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of KNX. Stanley Laman Group Ltd. acquired a new position in shares of Knight-Swift Transportation in the 4th quarter worth $3,021,000. Jane Street Group LLC boosted its position in shares of Knight-Swift Transportation by 30.9% in the 3rd quarter. Jane Street Group LLC now owns 69,907 shares of the transportation company's stock valued at $3,771,000 after purchasing an additional 16,500 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Knight-Swift Transportation by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,175,335 shares of the transportation company's stock worth $62,340,000 after purchasing an additional 28,387 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Knight-Swift Transportation by 21.5% during the 3rd quarter. Principal Financial Group Inc. now owns 653,238 shares of the transportation company's stock worth $35,242,000 after buying an additional 115,447 shares during the period. Finally, New England Research & Management Inc. lifted its stake in Knight-Swift Transportation by 199.2% during the fourth quarter. New England Research & Management Inc. now owns 29,625 shares of the transportation company's stock valued at $1,571,000 after buying an additional 19,725 shares in the last quarter. Institutional investors own 88.77% of the company's stock.

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.