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

Knight-Swift Transportation (NYSE:KNX - Get Free Report) had its target price lowered by research analysts at UBS Group from $63.00 to $46.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the transportation company's stock. UBS Group's target price would indicate a potential upside of 17.38% from the stock's previous close.

Several other research firms have also recently issued reports on KNX. TD Cowen raised their price target on Knight-Swift Transportation from $62.00 to $65.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Benchmark reissued a "buy" rating and set a $63.00 price target on shares of Knight-Swift Transportation in a research note on Monday, April 14th. The Goldman Sachs Group reduced their price objective on shares of Knight-Swift Transportation from $55.00 to $45.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Raymond James cut their price target on Knight-Swift Transportation from $66.00 to $55.00 and set a "strong-buy" rating on the stock in a research note on Friday, April 11th. 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. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $55.13.

Knight-Swift Transportation Price Performance

NYSE KNX traded up $0.57 during trading on Tuesday, reaching $39.19. 1,259,723 shares of the company traded hands, compared to its average volume of 2,263,288. 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 company has a market cap of $6.35 billion, a price-to-earnings ratio of 53.71 and a beta of 1.16. Knight-Swift Transportation has a 1-year low of $36.69 and a 1-year high of $61.51. The stock's 50 day moving average price is $45.59 and its two-hundred day moving average price is $51.64.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last announced its 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 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.

Insider Activity at Knight-Swift Transportation

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

Hedge Funds Weigh In On Knight-Swift Transportation

Institutional investors have recently bought and sold shares of the business. Franklin Resources Inc. bought a new position in shares of Knight-Swift Transportation in the third quarter valued at about $70,185,000. Interval Partners LP grew its position in shares of Knight-Swift Transportation by 320.7% in the fourth quarter. Interval Partners LP now owns 1,754,822 shares of the transportation company's stock valued at $93,076,000 after purchasing an additional 1,337,727 shares during the last quarter. Norges Bank bought a new position in shares of Knight-Swift Transportation during the fourth quarter worth approximately $65,839,000. SG Americas Securities LLC increased its position in Knight-Swift Transportation by 54,434.0% during the 1st quarter. SG Americas Securities LLC now owns 1,103,768 shares of the transportation company's stock worth $48,003,000 after buying an additional 1,101,744 shares during the period. Finally, Junto Capital Management LP bought a new position in Knight-Swift Transportation during the fourth quarter worth about $34,355,000. Institutional investors and hedge funds own 88.77% of the company's stock.

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.

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