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7 Trucking Stocks That Are About to Go On a Roll - 6 of 7

 
 

#6 - Knight-Swift Transportation (NYSE:KNX)

Knight-Swift Transportation (NYSE:KNX) is up 30% for the year, but is showing signs of reaching a top. However the stock still appears to be a good value with a P/E ratio of just 15.52 which is more than 50% lower than the average of the S&P 500 Index as of September 24, 2021. The company also offers a dividend which has been growing in the last two years. 

The company tags itself as “part of North America’s largest truckload fleet” and offers a wide variety of truckload services through its three divisions: a trucking division, a logistics division, and an intermodal division. 

The company reported earnings on October 20 and posted adjusted earnings per share (EPS) of $1.30 which was 64% higher than the same quarter in 2020. Revenue was 32.8% higher on a YOY basis. Both numbers show the extent of the current supply chain crisis. 

Knight-Swift Transportation is number 25 on the MarketBeat list of 100 Transportation Stocks 

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. Read More 
Current Price
$51.95
Consensus Rating
Moderate Buy
Ratings Breakdown
9 Buy Ratings, 7 Hold Ratings, 1 Sell Ratings.
Consensus Price Target
$57.00 (9.7% Upside)

 

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