#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
- $57.48
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 9 Buy Ratings, 8 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $55.94 (2.7% Downside)
