Knight-Swift Transportation (NYSE:KNX) Now Covered by Benchmark

Investment analysts at Benchmark started coverage on shares of Knight-Swift Transportation (NYSE:KNX) in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. The firm set a “buy” rating and a $63.00 price target on the transportation company’s stock. Benchmark’s target price indicates a potential upside of 28.21% from the company’s current price.

Several other analysts have also recently weighed in on KNX. Bank of America lifted their price objective on Knight-Swift Transportation from $61.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Raymond James upped their price target on Knight-Swift Transportation from $62.00 to $66.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group boosted their target price on shares of Knight-Swift Transportation from $45.00 to $51.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Citigroup lowered shares of Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 price target for the company. in a research note on Tuesday, November 12th. Finally, TD Cowen boosted their price objective on shares of Knight-Swift Transportation from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $59.59.

Knight-Swift Transportation Price Performance

KNX opened at $49.14 on Tuesday. 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 stock has a market capitalization of $7.96 billion, a PE ratio of 67.32 and a beta of 0.99. The stock’s 50 day moving average price is $54.21 and its 200-day moving average price is $54.00. Knight-Swift Transportation has a 52-week low of $45.55 and a 52-week high of $61.51.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. On average, equities research analysts predict that Knight-Swift Transportation will post 2.13 EPS for the current year.

Institutional Trading of Knight-Swift Transportation

Hedge funds and other institutional investors have recently modified their holdings of the company. Voya Investment Management LLC lifted its stake in shares of Knight-Swift Transportation by 0.9% during the 4th quarter. Voya Investment Management LLC now owns 20,550 shares of the transportation company’s stock valued at $1,090,000 after buying an additional 192 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Knight-Swift Transportation by 18.5% in the fourth quarter. GAMMA Investing LLC now owns 1,335 shares of the transportation company’s stock valued at $71,000 after acquiring an additional 208 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake 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 worth $67,000 after acquiring an additional 213 shares during the period. Benjamin Edwards Inc. grew its position in shares of Knight-Swift Transportation by 3.3% during the fourth quarter. Benjamin Edwards Inc. now owns 6,687 shares of the transportation company’s stock worth $355,000 after purchasing an additional 216 shares in the last quarter. Finally, Signaturefd LLC grew its position in shares of Knight-Swift Transportation by 8.5% during the fourth quarter. Signaturefd LLC now owns 2,769 shares of the transportation company’s stock worth $147,000 after purchasing an additional 218 shares in the last quarter. 88.77% of the stock is owned by hedge funds and other institutional investors.

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.