Susquehanna Has Lowered Expectations for Knight-Swift Transportation (NYSE:KNX) Stock Price

Knight-Swift Transportation (NYSE:KNX - Get Free Report) had its target price reduced by equities researchers at Susquehanna from $67.00 to $54.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a "positive" rating on the transportation company's stock. Susquehanna's price target would suggest a potential upside of 24.02% from the company's current price.

Several other brokerages have also recently issued reports on KNX. StockNews.com upgraded Knight-Swift Transportation from a "sell" rating to a "hold" rating in a research note on Thursday, January 23rd. Raymond James raised their price target on shares of Knight-Swift Transportation from $62.00 to $66.00 and gave the stock a "strong-buy" rating in a research report on Thursday, January 23rd. Citigroup raised shares of Knight-Swift Transportation from a "sell" rating to a "neutral" rating and set a $53.00 price objective for the company in a research report on Monday, March 10th. TD Cowen increased their price objective on shares of Knight-Swift Transportation from $62.00 to $65.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Finally, The Goldman Sachs Group lifted their target price on Knight-Swift Transportation from $45.00 to $51.00 and gave the company a "neutral" rating in a research note on Thursday, December 12th. Eight research 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's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $58.59.

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Knight-Swift Transportation Stock Down 2.3 %

KNX traded down $1.03 during trading on Wednesday, hitting $43.54. The company had a trading volume of 2,229,882 shares, compared to its average volume of 2,210,812. The company has a market cap of $7.05 billion, a PE ratio of 59.65 and a beta of 0.97. 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 has a 1-year low of $42.72 and a 1-year high of $61.51. The business has a 50-day moving average of $51.22 and a 200-day moving average of $53.13.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The transportation company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.33 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. As a group, analysts forecast that Knight-Swift Transportation will post 2.13 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Douglas L. Col bought 5,000 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was bought 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 directly owns 5,000 shares in the company, valued at $226,850. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 3.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Knight-Swift Transportation

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its position in shares of Knight-Swift Transportation by 2.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,146,948 shares of the transportation company's stock worth $61,878,000 after buying an additional 26,346 shares during the period. Stanley Laman Group Ltd. acquired a new stake in Knight-Swift Transportation during the 4th quarter worth about $3,021,000. Jane Street Group LLC boosted its position in Knight-Swift Transportation by 30.9% during the 3rd quarter. Jane Street Group LLC now owns 69,907 shares of the transportation company's stock worth $3,771,000 after acquiring an additional 16,500 shares during the period. Paloma Partners Management Co grew its stake in Knight-Swift Transportation by 681.6% during the 3rd quarter. Paloma Partners Management Co now owns 60,000 shares of the transportation company's stock valued at $3,237,000 after acquiring an additional 52,323 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of Knight-Swift Transportation by 116.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 130,794 shares of the transportation company's stock valued at $7,056,000 after purchasing an additional 70,276 shares during the period. Institutional investors and hedge funds 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.