Evercore ISI Increases Knight-Swift Transportation (NYSE:KNX) Price Target to $52.00

Knight-Swift Transportation (NYSE:KNX) had its price target upped by analysts at Evercore ISI from $49.00 to $52.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has an “in-line” rating on the transportation company’s stock. Evercore ISI’s price target would indicate a potential downside of 1.01% from the stock’s current price.

Other research analysts have also issued research reports about the company. Barclays raised their price objective on Knight-Swift Transportation from $57.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. TD Cowen lifted their price objective on Knight-Swift Transportation from $55.00 to $56.00 and gave the stock a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. increased their target price on Knight-Swift Transportation from $51.00 to $57.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Raymond James boosted their price target on shares of Knight-Swift Transportation from $57.00 to $58.00 and gave the stock a “strong-buy” rating in a research report on Monday, October 14th. Finally, The Goldman Sachs Group lowered their price objective on shares of Knight-Swift Transportation from $48.00 to $44.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Knight-Swift Transportation has a consensus rating of “Moderate Buy” and an average target price of $55.94.

Knight-Swift Transportation Stock Up 1.1 %

NYSE KNX opened at $52.53 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.24. Knight-Swift Transportation has a 12 month low of $45.55 and a 12 month high of $60.99. The stock’s 50 day moving average is $52.24 and its 200 day moving average is $50.38. The stock has a market cap of $8.50 billion, a PE ratio of 128.13, a P/E/G ratio of 1.74 and a beta of 0.92.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results on Wednesday, October 23rd. The transportation company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.91 billion. Knight-Swift Transportation had a net margin of 0.88% and a return on equity of 1.98%. The company’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.41 earnings per share. Research analysts predict that Knight-Swift Transportation will post 1.06 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Michael Garnreiter sold 2,000 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $50.57, for a total transaction of $101,140.00. Following the completion of the sale, the director now directly owns 17,648 shares of the company’s stock, valued at approximately $892,459.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Michael Garnreiter sold 2,000 shares of Knight-Swift Transportation stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $50.57, for a total transaction of $101,140.00. Following the completion of the sale, the director now owns 17,648 shares of the company’s stock, valued at approximately $892,459.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Michael K. Liu sold 5,696 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $53.49, for a total value of $304,679.04. The disclosure for this sale can be found here. Insiders have sold a total of 85,196 shares of company stock worth $4,367,869 over the last quarter. Company insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Knight-Swift Transportation

Several institutional investors have recently made changes to their positions in the company. Versant Capital Management Inc grew its holdings in Knight-Swift Transportation by 3,461.9% during the 2nd quarter. Versant Capital Management Inc now owns 748 shares of the transportation company’s stock worth $37,000 after acquiring an additional 727 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in shares of Knight-Swift Transportation by 28.6% during the second quarter. Brown Brothers Harriman & Co. now owns 900 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 200 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in Knight-Swift Transportation by 50.7% during the second quarter. Massmutual Trust Co. FSB ADV now owns 1,020 shares of the transportation company’s stock valued at $51,000 after buying an additional 343 shares during the period. Blue Trust Inc. raised its stake in Knight-Swift Transportation by 168.3% in the second quarter. Blue Trust Inc. now owns 923 shares of the transportation company’s stock worth $51,000 after buying an additional 579 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Knight-Swift Transportation by 36.6% during the third quarter. GAMMA Investing LLC now owns 1,127 shares of the transportation company’s stock worth $61,000 after buying an additional 302 shares during the period. Hedge funds and other institutional investors 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.