Analysts Set Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Target Price at $53.13

Knight-Swift Transportation Holdings Inc. (NYSE:KNXGet Free Report) has earned a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $53.13.

A number of research analysts have recently commented on KNX shares. The Goldman Sachs Group raised shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and increased their target price for the stock from $45.00 to $65.00 in a report on Monday, June 2nd. TD Securities dropped their target price on shares of Knight-Swift Transportation from $55.00 to $49.00 and set a “buy” rating for the company in a report on Thursday, April 24th. JPMorgan Chase & Co. dropped their target price on shares of Knight-Swift Transportation from $49.00 to $46.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. UBS Group dropped their target price on shares of Knight-Swift Transportation from $63.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Finally, Stifel Nicolaus dropped their target price on shares of Knight-Swift Transportation from $57.00 to $49.00 and set a “hold” rating for the company in a report on Monday, April 14th.

Get Our Latest Analysis on Knight-Swift Transportation

Knight-Swift Transportation Trading Up 2.0%

KNX opened at $45.12 on Thursday. Knight-Swift Transportation has a twelve month low of $36.69 and a twelve month high of $61.51. The company has a 50-day simple moving average of $43.02 and a 200 day simple moving average of $47.63. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $7.31 billion, a price-to-earnings ratio of 48.00, a P/E/G ratio of 0.67 and a beta of 1.18.

Knight-Swift Transportation (NYSE:KNXGet Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.03. Knight-Swift Transportation had a net margin of 2.04% and a return on equity of 2.79%. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter in the prior year, the business posted $0.12 earnings per share. Knight-Swift Transportation’s revenue was up 1.3% compared to the same quarter last year. Analysts predict that Knight-Swift Transportation will post 2.13 EPS for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Monday, June 9th were issued a $0.18 dividend. The ex-dividend date was Monday, June 9th. This represents a $0.72 dividend on an annualized basis and a yield of 1.60%. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 76.60%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Concurrent Investment Advisors LLC increased its position in Knight-Swift Transportation by 4.6% during the 4th quarter. Concurrent Investment Advisors LLC now owns 5,301 shares of the transportation company’s stock valued at $281,000 after purchasing an additional 235 shares during the period. Proficio Capital Partners LLC acquired a new stake in Knight-Swift Transportation during the 4th quarter valued at approximately $749,000. Parkside Financial Bank & Trust increased its position in Knight-Swift Transportation by 88.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 685 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 322 shares during the period. First American Bank increased its position in Knight-Swift Transportation by 1.9% during the 4th quarter. First American Bank now owns 67,329 shares of the transportation company’s stock valued at $3,571,000 after purchasing an additional 1,276 shares during the period. Finally, Jones Financial Companies Lllp increased its position in Knight-Swift Transportation by 45.5% during the 4th quarter. Jones Financial Companies Lllp now owns 10,739 shares of the transportation company’s stock valued at $570,000 after purchasing an additional 3,357 shares during the period. Institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Company Profile

(Get Free Report

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.

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Analyst Recommendations for Knight-Swift Transportation (NYSE:KNX)

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