Knight-Swift Transportation (NYSE:KNX) Given New $49.00 Price Target at Stifel Nicolaus

Knight-Swift Transportation (NYSE:KNX) had its target price lowered by equities researchers at Stifel Nicolaus from $57.00 to $49.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ target price indicates a potential upside of 23.95% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. Wells Fargo & Company lowered their price objective on Knight-Swift Transportation from $65.00 to $55.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. TD Cowen boosted their target price on Knight-Swift Transportation from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Susquehanna dropped their price target on shares of Knight-Swift Transportation from $67.00 to $54.00 and set a “positive” rating on the stock in a research note on Wednesday, March 26th. Citigroup raised shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $53.00 to $48.00 in a report on Tuesday, April 8th. Finally, StockNews.com upgraded shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Knight-Swift Transportation presently has an average rating of “Moderate Buy” and an average target price of $56.00.

Knight-Swift Transportation Stock Down 2.5 %

KNX stock opened at $39.53 on Monday. Knight-Swift Transportation has a fifty-two week low of $36.69 and a fifty-two week high of $61.51. The company’s 50 day moving average price is $46.82 and its 200 day moving average price is $52.01. 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 firm has a market capitalization of $6.40 billion, a price-to-earnings ratio of 54.15 and a beta of 1.16.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 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 anticipate that Knight-Swift Transportation will post 2.13 EPS for the current fiscal year.

Insider Transactions at Knight-Swift Transportation

In other news, Director Douglas L. Col bought 5,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were acquired at an average price of $45.37 per share, with a total value of $226,850.00. Following the completion of the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $226,850. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Knight-Swift Transportation

Hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its position in Knight-Swift Transportation by 6.8% during the 4th quarter. Victory Capital Management Inc. now owns 7,980,109 shares of the transportation company’s stock worth $423,265,000 after purchasing an additional 506,491 shares during the period. Dimensional Fund Advisors LP grew its holdings in Knight-Swift Transportation by 7.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,991,354 shares of the transportation company’s stock worth $370,819,000 after acquiring an additional 505,543 shares during the period. Allspring Global Investments Holdings LLC raised its position in Knight-Swift Transportation by 3.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,201,276 shares of the transportation company’s stock worth $221,541,000 after acquiring an additional 125,827 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in Knight-Swift Transportation by 1.8% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,556,405 shares of the transportation company’s stock valued at $188,632,000 after acquiring an additional 63,241 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Knight-Swift Transportation by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,740,873 shares of the transportation company’s stock worth $147,529,000 after purchasing an additional 46,436 shares in the last quarter. Institutional investors and hedge funds 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.