Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Receives Average Recommendation of “Moderate Buy” from Analysts

by · The Cerbat Gem

Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Get Free Report) has earned a consensus rating of “Moderate Buy” from the sixteen analysts that are covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $53.13.

Several equities analysts have recently weighed in on KNX shares. TD Cowen reduced their price objective on shares of Knight-Swift Transportation from $55.00 to $49.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Wells Fargo & Company raised their price objective on shares of Knight-Swift Transportation from $46.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, May 28th. Susquehanna upped their price objective on shares of Knight-Swift Transportation from $45.00 to $52.00 and gave the company a “positive” rating in a research note on Tuesday, June 24th. The Goldman Sachs Group raised shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and upped their price objective for the company from $45.00 to $65.00 in a research note on Monday, June 2nd. Finally, Citigroup upped their price objective on shares of Knight-Swift Transportation from $48.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, May 30th.

Get Our Latest Research Report on KNX

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its holdings in shares of Knight-Swift Transportation by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,175,335 shares of the transportation company’s stock valued at $62,340,000 after acquiring an additional 28,387 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Knight-Swift Transportation by 533.9% in the first quarter. Assenagon Asset Management S.A. now owns 33,614 shares of the transportation company’s stock valued at $1,462,000 after buying an additional 28,311 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Knight-Swift Transportation in the fourth quarter valued at about $240,000. Proficio Capital Partners LLC bought a new position in shares of Knight-Swift Transportation in the fourth quarter valued at about $749,000. Finally, State of Alaska Department of Revenue raised its holdings in shares of Knight-Swift Transportation by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 18,968 shares of the transportation company’s stock valued at $824,000 after buying an additional 510 shares during the last quarter. 88.77% of the stock is owned by institutional investors.

Knight-Swift Transportation Stock Down 1.8%

Knight-Swift Transportation stock opened at $44.21 on Thursday. The company has a 50-day simple moving average of $43.14 and a 200-day simple moving average of $47.49. The firm has a market capitalization of $7.16 billion, a P/E ratio of 47.03, a P/E/G ratio of 0.67 and a beta of 1.18. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.88 and a current ratio of 0.88. Knight-Swift Transportation has a one year low of $36.69 and a one year high of $61.51.

Knight-Swift Transportation (NYSE:KNX – Get Free Report) last announced its earnings results on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.83 billion. Knight-Swift Transportation had a net margin of 2.04% and a return on equity of 2.79%. Knight-Swift Transportation’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.12 EPS. As a group, equities analysts expect that Knight-Swift Transportation will post 2.13 earnings per share for the current year.

Knight-Swift Transportation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Monday, June 9th were issued a dividend of $0.18 per share. The ex-dividend date was Monday, June 9th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.63%. Knight-Swift Transportation’s payout ratio is presently 76.60%.

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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