Raymond James Lowers Knight-Swift Transportation (NYSE:KNX) Price Target to $55.00

Knight-Swift Transportation (NYSE:KNX - Free Report) had its price target decreased by Raymond James from $66.00 to $55.00 in a research report released on Friday,Benzinga reports. Raymond James currently has a strong-buy rating on the transportation company's stock.

Other research analysts also recently issued research reports about the stock. Wells Fargo & Company reduced their price target on shares of Knight-Swift Transportation from $65.00 to $55.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Bank of America lowered shares of Knight-Swift Transportation from a "buy" rating to a "neutral" rating and lowered their price target for the company from $66.00 to $46.00 in a report on Tuesday, April 1st. The Goldman Sachs Group reduced their price objective on Knight-Swift Transportation from $55.00 to $45.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Citigroup upgraded Knight-Swift Transportation from a "neutral" rating to a "buy" rating and dropped their target price for the stock from $53.00 to $48.00 in a research report on Tuesday, April 8th. Finally, Barclays dropped their price objective on Knight-Swift Transportation from $68.00 to $62.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Knight-Swift Transportation presently has an average rating of "Moderate Buy" and an average target price of $56.00.

Knight-Swift Transportation Price Performance

NYSE KNX traded down $1.49 during trading on Friday, reaching $38.04. 1,366,109 shares of the company traded hands, compared to its average volume of 2,308,531. 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 quick ratio of 1.01 and a current ratio of 0.85. The stock's 50 day moving average price is $46.82 and its two-hundred day moving average price is $52.01. The company has a market cap of $6.16 billion, a price-to-earnings ratio of 52.11 and a beta of 1.16.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share (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%. As a group, analysts anticipate that Knight-Swift Transportation will post 2.13 EPS for the current year.

Knight-Swift Transportation Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Friday, March 7th were paid a $0.18 dividend. This is a positive change from Knight-Swift Transportation's previous quarterly dividend of $0.16. The ex-dividend date was Friday, March 7th. This represents a $0.72 annualized dividend and a dividend yield of 1.89%. Knight-Swift Transportation's dividend payout ratio (DPR) is presently 98.63%.

Insider Buying and Selling

In other news, Director Douglas L. Col acquired 5,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price of $45.37 per share, with a total value of $226,850.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at $226,850. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 3.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of KNX. Stifel Financial Corp raised its holdings in Knight-Swift Transportation by 4.9% during the 3rd quarter. Stifel Financial Corp now owns 30,408 shares of the transportation company's stock worth $1,641,000 after purchasing an additional 1,407 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Knight-Swift Transportation by 30.9% during the third quarter. Jane Street Group LLC now owns 69,907 shares of the transportation company's stock valued at $3,771,000 after acquiring an additional 16,500 shares in the last quarter. XTX Topco Ltd acquired a new stake in Knight-Swift Transportation in the 3rd quarter valued at $428,000. MML Investors Services LLC increased its stake in Knight-Swift Transportation by 4.6% during the 3rd quarter. MML Investors Services LLC now owns 5,182 shares of the transportation company's stock valued at $280,000 after purchasing an additional 228 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Knight-Swift Transportation in the third quarter valued at $424,000. 88.77% of the stock is owned by institutional investors and hedge funds.

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.