Susquehanna Cuts Knight-Swift Transportation (NYSE:KNX) Price Target to $54.00

Knight-Swift Transportation (NYSE:KNX) had its price target cut by equities researchers at Susquehanna from $67.00 to $54.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “positive” rating on the transportation company’s stock. Susquehanna’s price objective suggests a potential upside of 21.73% from the company’s previous close.

Other analysts also recently issued research reports about the stock. The Goldman Sachs Group increased their price objective 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. Bank of America lifted their price objective on Knight-Swift Transportation from $61.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. StockNews.com upgraded Knight-Swift Transportation from a “sell” rating to a “hold” rating in a report on Thursday, January 23rd. Benchmark assumed coverage on Knight-Swift Transportation in a report on Tuesday, March 4th. They set a “buy” rating and a $63.00 price target on the stock. Finally, Raymond James upped their price objective on shares of Knight-Swift Transportation from $62.00 to $66.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $58.65.

Knight-Swift Transportation Price Performance

Shares of Knight-Swift Transportation stock opened at $44.36 on Wednesday. The stock has a market capitalization of $7.19 billion, a P/E ratio of 60.77 and a beta of 0.97. The business has a 50 day simple moving average of $51.90 and a two-hundred day simple moving average of $53.29. Knight-Swift Transportation has a 12 month low of $42.72 and a 12 month high of $61.51. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 1.01.

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

Insider Activity at Knight-Swift Transportation

In other Knight-Swift Transportation news, Director Douglas L. Col purchased 5,000 shares of Knight-Swift Transportation stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average price of $45.37 per share, for a total transaction of $226,850.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at $226,850. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Knight-Swift Transportation

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Quest Partners LLC purchased a new stake in shares of Knight-Swift Transportation in the third quarter valued at about $88,000. Charles Schwab Investment Management Inc. lifted its position in Knight-Swift Transportation by 2.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,146,948 shares of the transportation company’s stock valued at $61,878,000 after purchasing an additional 26,346 shares during the period. Daiwa Securities Group Inc. boosted its holdings in Knight-Swift Transportation by 9.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 12,197 shares of the transportation company’s stock valued at $658,000 after purchasing an additional 1,100 shares in the last quarter. Bank of Montreal Can increased its position in Knight-Swift Transportation by 180.6% during the 3rd quarter. Bank of Montreal Can now owns 81,266 shares of the transportation company’s stock worth $4,392,000 after purchasing an additional 52,309 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in shares of Knight-Swift Transportation by 116.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 130,794 shares of the transportation company’s stock worth $7,056,000 after buying an additional 70,276 shares in the last quarter. 88.77% of the stock is currently 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.