Knight-Swift Transportation (NYSE:KNX) had its target price dropped by investment analysts at Cowen from $39.00 to $37.00 in a research report issued on Friday, December 20th, Briefing.com Automated Import reports. The brokerage currently has a “market perform” rating on the transportation company’s stock. Cowen’s price target would suggest a potential upside of 1.04% from the stock’s previous close.
A number of other research analysts also recently weighed in on the stock. KeyCorp cut their price target on shares of Knight-Swift Transportation from $44.00 to $42.00 and set an “overweight” rating on the stock in a report on Friday, December 20th. ValuEngine cut shares of Knight-Swift Transportation from a “hold” rating to a “sell” rating in a report on Friday, December 20th. Goldman Sachs Group assumed coverage on Knight-Swift Transportation in a research note on Thursday, December 5th. They issued a “buy” rating and a $45.00 price objective on the stock. Credit Suisse Group set a $30.00 target price on Knight-Swift Transportation and gave the stock a “hold” rating in a research report on Tuesday, October 15th. Finally, Susquehanna Bancshares assumed coverage on shares of Knight-Swift Transportation in a research report on Thursday, September 5th. They issued a “positive” rating and a $40.00 price target on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $40.08.
Knight-Swift Transportation stock traded down $0.37 during midday trading on Friday, reaching $36.62. The stock had a trading volume of 1,127,062 shares, compared to its average volume of 1,839,199. The firm’s fifty day simple moving average is $36.58 and its two-hundred day simple moving average is $35.42. The firm has a market cap of $6.31 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 1.17 and a beta of 1.87. Knight-Swift Transportation has a twelve month low of $25.64 and a twelve month high of $39.37. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.29 and a quick ratio of 1.29.
Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.48 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.48. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.23 billion. Knight-Swift Transportation had a return on equity of 7.99% and a net margin of 7.80%. Knight-Swift Transportation’s revenue for the quarter was down 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 earnings per share. As a group, sell-side analysts predict that Knight-Swift Transportation will post 2.14 EPS for the current fiscal year.
In other Knight-Swift Transportation news, Director Ploeg David Vander sold 2,760 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $38.40, for a total value of $105,984.00. Also, CAO Cary M. Flanagan sold 3,196 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $38.10, for a total transaction of $121,767.60. Over the last three months, insiders sold 127,452 shares of company stock valued at $4,893,198. Insiders own 27.50% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Captrust Financial Advisors bought a new position in Knight-Swift Transportation during the second quarter worth about $25,000. Steward Partners Investment Advisory LLC bought a new position in Knight-Swift Transportation in the 2nd quarter valued at $25,000. First National Bank of South Miami bought a new position in Knight-Swift Transportation in the 2nd quarter valued at $28,000. Bartlett & Co. LLC acquired a new position in Knight-Swift Transportation in the third quarter worth $45,000. Finally, Boston Partners acquired a new position in Knight-Swift Transportation in the third quarter worth $107,000. Institutional investors and hedge funds own 84.97% of the company’s stock.
Knight-Swift Transportation Company Profile
Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada. The company operates through six segments: Knight Trucking, Knight Logistics, Swift Truckload, Swift Dedicated, Swift Refrigerated, and Swift Intermodal.
Featured Article: How does quantitative easing work?
Receive News & Ratings for Knight-Swift Transportation Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Knight-Swift Transportation and related companies with MarketBeat.com’s FREE daily email newsletter.