Knight-Swift Transportation (NYSE:KNX) Given New $65.00 Price Target at TD Cowen

Knight-Swift Transportation (NYSE:KNX) had its price target lifted by equities researchers at TD Cowen from $62.00 to $65.00 in a research report issued on Thursday,Briefing.com Automated Import reports. The brokerage currently has a “buy” rating on the transportation company’s stock. TD Cowen’s price objective indicates a potential upside of 18.54% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. Stifel Nicolaus boosted their price target on shares of Knight-Swift Transportation from $47.00 to $48.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Susquehanna upgraded shares of Knight-Swift Transportation from a “neutral” rating to a “positive” rating and lifted their target price for the company from $48.00 to $67.00 in a research note on Friday, January 3rd. Evercore ISI raised their price target on shares of Knight-Swift Transportation from $49.00 to $52.00 and gave the company an “in-line” rating in a report on Thursday, October 24th. The Goldman Sachs Group upped their price target on Knight-Swift Transportation from $45.00 to $51.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. Finally, Citigroup cut Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 price objective for the company. in a research report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $59.13.

Knight-Swift Transportation Trading Down 0.8 %

Shares of NYSE:KNX opened at $54.84 on Thursday. The company has a 50 day moving average of $55.24 and a 200-day moving average of $53.35. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.31. The firm has a market cap of $8.88 billion, a P/E ratio of 238.42, a P/E/G ratio of 1.03 and a beta of 0.98. Knight-Swift Transportation has a twelve month low of $45.55 and a twelve month high of $60.99.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. Knight-Swift Transportation had a return on equity of 1.81% and a net margin of 0.50%. As a group, analysts anticipate that Knight-Swift Transportation will post 1.04 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Knight-Swift Transportation news, Director Ploeg David Vander sold 500 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $57.10, for a total transaction of $28,550.00. Following the sale, the director now directly owns 30,729 shares of the company’s stock, valued at approximately $1,754,625.90. This represents a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Kevin P. Knight sold 29,779 shares of Knight-Swift Transportation stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $57.19, for a total transaction of $1,703,061.01. The disclosure for this sale can be found here. 3.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Knight-Swift Transportation

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC grew its holdings in shares of Knight-Swift Transportation by 18.5% during the fourth quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company’s stock worth $71,000 after purchasing an additional 208 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Knight-Swift Transportation by 20.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,254 shares of the transportation company’s stock valued at $67,000 after buying an additional 213 shares during the last quarter. MML Investors Services LLC lifted its position in Knight-Swift Transportation by 4.6% during the 3rd quarter. MML Investors Services LLC now owns 5,182 shares of the transportation company’s stock worth $280,000 after buying an additional 228 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in Knight-Swift Transportation by 34.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,145 shares of the transportation company’s stock worth $62,000 after acquiring an additional 292 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators increased its position in Knight-Swift Transportation by 87.2% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 747 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 348 shares in the last quarter. 88.77% of the stock is owned by institutional investors and hedge funds.

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.