Robert W. Baird Lowers Knight-Swift Transportation (NYSE:KNX) Price Target to $60.00

Knight-Swift Transportation (NYSE:KNX) had its price objective cut by investment analysts at Robert W. Baird from $64.00 to $60.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the transportation company’s stock. Robert W. Baird’s price target points to a potential upside of 27.99% from the company’s current price.

Other research analysts also recently issued research reports about the company. TD Cowen cut their price target on Knight-Swift Transportation from $58.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Loop Capital downgraded Knight-Swift Transportation from a “buy” rating to a “hold” rating and cut their price target for the company from $63.00 to $53.00 in a research note on Thursday, April 18th. JPMorgan Chase & Co. cut their price target on Knight-Swift Transportation from $62.00 to $60.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 9th. Stephens cut their price target on Knight-Swift Transportation from $65.00 to $60.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. Finally, Barclays cut their price target on Knight-Swift Transportation from $62.00 to $57.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Knight-Swift Transportation has an average rating of “Hold” and a consensus price target of $57.71.

Knight-Swift Transportation Stock Down 0.6 %

NYSE:KNX opened at $46.88 on Thursday. The stock’s fifty day moving average price is $53.52 and its two-hundred day moving average price is $54.15. Knight-Swift Transportation has a 52-week low of $45.73 and a 52-week high of $60.99. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $7.57 billion, a price-to-earnings ratio of 69.97, a P/E/G ratio of 2.48 and a beta of 0.99.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.07). Knight-Swift Transportation had a return on equity of 2.53% and a net margin of 1.50%. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the prior year, the company posted $0.73 EPS. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. On average, analysts anticipate that Knight-Swift Transportation will post 1.31 EPS for the current year.

Insiders Place Their Bets

In other Knight-Swift Transportation news, CAO Cary M. Flanagan sold 2,000 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $56.24, for a total transaction of $112,480.00. Following the completion of the transaction, the chief accounting officer now owns 5,118 shares in the company, valued at approximately $287,836.32. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Knight-Swift Transportation

A number of large investors have recently added to or reduced their stakes in KNX. Rise Advisors LLC bought a new position in Knight-Swift Transportation during the 1st quarter worth about $25,000. GAMMA Investing LLC grew its holdings in shares of Knight-Swift Transportation by 67.5% in the 1st quarter. GAMMA Investing LLC now owns 628 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 253 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in shares of Knight-Swift Transportation by 136.5% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 667 shares of the transportation company’s stock valued at $38,000 after acquiring an additional 385 shares in the last quarter. FinTrust Capital Advisors LLC bought a new position in shares of Knight-Swift Transportation in the 3rd quarter valued at about $42,000. Finally, Blue Trust Inc. grew its holdings in shares of Knight-Swift Transportation by 80.3% in the 4th quarter. Blue Trust Inc. now owns 732 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 326 shares in the last quarter. Institutional investors own 88.77% of the company’s stock.

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.