Knight-Swift Transportation (NYSE:KNX) Price Target Raised to $57.00

Knight-Swift Transportation (NYSE:KNX) had its target price upped by TD Cowen from $47.00 to $57.00 in a research note released on Thursday morning, MarketBeat Ratings reports. TD Cowen currently has a buy rating on the transportation company’s stock.

A number of other equities analysts also recently weighed in on KNX. Stifel Nicolaus downgraded Knight-Swift Transportation from a buy rating to a hold rating and lowered their price target for the stock from $53.00 to $47.00 in a research report on Friday, April 26th. Wolfe Research cut shares of Knight-Swift Transportation from an outperform rating to a peer perform rating in a report on Thursday, July 11th. JPMorgan Chase & Co. reduced their price target on Knight-Swift Transportation from $55.00 to $51.00 and set a neutral rating for the company in a research note on Tuesday, July 9th. Evercore ISI lowered their price objective on Knight-Swift Transportation from $55.00 to $53.00 and set an in-line rating on the stock in a research report on Tuesday, June 25th. Finally, Robert W. Baird lowered their price objective on Knight-Swift Transportation from $64.00 to $60.00 and set an outperform rating on the stock in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $56.79.

Knight-Swift Transportation Trading Down 1.5 %

NYSE KNX opened at $51.25 on Thursday. Knight-Swift Transportation has a 12 month low of $45.55 and a 12 month high of $60.99. The company has a current ratio of 0.88, a quick ratio of 0.93 and a debt-to-equity ratio of 0.24. The stock has a 50 day moving average of $48.74 and a 200-day moving average of $52.08. The company has a market cap of $8.28 billion, a PE ratio of 76.49, a PEG ratio of 1.39 and a beta of 0.94.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings results on Wednesday, July 24th. The transportation company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). Knight-Swift Transportation had a net margin of 0.88% and a return on equity of 1.98%. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the prior year, the business earned $0.49 EPS. The business’s revenue was up 18.9% compared to the same quarter last year. On average, equities research analysts anticipate that Knight-Swift Transportation will post 1.16 EPS for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 10th were issued a dividend of $0.16 per share. The ex-dividend date was Monday, June 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.25%. Knight-Swift Transportation’s dividend payout ratio (DPR) is currently 95.52%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC boosted its stake in shares of Knight-Swift Transportation by 583.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 33,165 shares of the transportation company’s stock valued at $1,912,000 after purchasing an additional 28,309 shares in the last quarter. Wellington Management Group LLP boosted its position in Knight-Swift Transportation by 15.7% in the fourth quarter. Wellington Management Group LLP now owns 15,715,804 shares of the transportation company’s stock valued at $906,016,000 after buying an additional 2,137,296 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Knight-Swift Transportation by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,058,952 shares of the transportation company’s stock worth $61,049,000 after buying an additional 35,549 shares during the last quarter. V Square Quantitative Management LLC increased its holdings in shares of Knight-Swift Transportation by 63.8% during the fourth quarter. V Square Quantitative Management LLC now owns 1,697 shares of the transportation company’s stock worth $98,000 after buying an additional 661 shares in the last quarter. Finally, Duality Advisers LP lifted its stake in shares of Knight-Swift Transportation by 1,686.4% in the 1st quarter. Duality Advisers LP now owns 66,098 shares of the transportation company’s stock valued at $3,637,000 after acquiring an additional 62,398 shares during 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.