Knight-Swift Transportation (NYSE:KNX) Given New $58.00 Price Target at Wells Fargo & Company

by · The Cerbat Gem

Knight-Swift Transportation (NYSE:KNX – Get Free Report) had its target price increased by investment analysts at Wells Fargo & Company from $48.00 to $58.00 in a report released on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the transportation company’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 9.14% from the company’s previous close.

Several other equities research analysts have also weighed in on the company. Citigroup lifted their price objective on Knight-Swift Transportation from $55.00 to $59.00 and gave the stock a “buy” rating in a report on Wednesday. Evercore ISI lowered their price objective on Knight-Swift Transportation from $47.00 to $42.00 and set an “in-line” rating on the stock in a research report on Tuesday, September 30th. Zacks Research upgraded shares of Knight-Swift Transportation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 3rd. Morgan Stanley lifted their price target on Knight-Swift Transportation from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Benchmark reaffirmed a “buy” rating on shares of Knight-Swift Transportation in a research note on Friday, October 24th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.82.

Read Our Latest Stock Analysis on KNX

Knight-Swift Transportation Price Performance

Shares of Knight-Swift Transportation stock traded up $1.63 during trading on Thursday, reaching $53.14. 1,769,881 shares of the company’s stock were exchanged, compared to its average volume of 3,051,598. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.33 and a current ratio of 1.33. Knight-Swift Transportation has a 1-year low of $36.69 and a 1-year high of $61.51. The company has a market cap of $8.63 billion, a P/E ratio of 60.60, a PEG ratio of 0.99 and a beta of 1.17. The firm’s 50-day moving average price is $45.30 and its 200 day moving average price is $44.12.

Knight-Swift Transportation (NYSE:KNX – Get Free Report) last announced its quarterly earnings results on Wednesday, October 22nd. The transportation company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.06). Knight-Swift Transportation had a net margin of 1.90% and a return on equity of 2.98%. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period in the previous year, the business posted $0.34 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Knight-Swift Transportation has set its Q4 2025 guidance at 0.340-0.400 EPS. As a group, research analysts anticipate that Knight-Swift Transportation will post 2.13 earnings per share for the current year.

Insider Transactions at Knight-Swift Transportation

In other news, CAO Cary M. Flanagan sold 4,300 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $45.04, for a total value of $193,672.00. Following the transaction, the chief accounting officer owned 5,644 shares in the company, valued at $254,205.76. The trade was a 43.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Reed Stultz sold 4,692 shares of Knight-Swift Transportation stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $51.51, for a total transaction of $241,684.92. Following the completion of the sale, the senior vice president directly owned 465 shares in the company, valued at approximately $23,952.15. This represents a 90.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 43,992 shares of company stock valued at $2,220,707 in the last 90 days. 3.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Knight-Swift Transportation

Several institutional investors and hedge funds have recently added to or reduced their stakes in KNX. AQR Capital Management LLC boosted its position in shares of Knight-Swift Transportation by 8,856.8% during the first quarter. AQR Capital Management LLC now owns 1,647,150 shares of the transportation company’s stock worth $70,704,000 after acquiring an additional 1,628,760 shares during the last quarter. Balyasny Asset Management L.P. boosted its position in shares of Knight-Swift Transportation by 269.7% during the third quarter. Balyasny Asset Management L.P. now owns 2,231,439 shares of the transportation company’s stock valued at $88,164,000 after buying an additional 1,627,791 shares during the period. Junto Capital Management LP increased its stake in Knight-Swift Transportation by 252.4% in the third quarter. Junto Capital Management LP now owns 2,262,145 shares of the transportation company’s stock worth $89,377,000 after purchasing an additional 1,620,224 shares during the period. Norges Bank purchased a new position in shares of Knight-Swift Transportation during the second quarter worth approximately $59,407,000. Finally, Clean Energy Transition LLP bought a new position in Knight-Swift Transportation in the second quarter worth approximately $51,817,000. Hedge funds and other 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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