Benchmark Forecasts Strong Price Appreciation for Knight-Swift Transportation (NYSE:KNX) Stock

by · The Markets Daily

Knight-Swift Transportation (NYSE:KNX – Get Free Report) had its price objective upped by analysts at Benchmark from $55.00 to $60.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Benchmark’s price objective points to a potential upside of 5.03% from the company’s current price.

KNX has been the subject of several other reports. Stifel Nicolaus boosted their price objective on Knight-Swift Transportation from $59.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday. Bank of America raised shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $41.00 to $50.00 in a research note on Thursday, October 16th. Raymond James Financial raised their price objective on shares of Knight-Swift Transportation from $55.00 to $59.00 and gave the company a “strong-buy” rating in a research note on Tuesday, October 14th. Citigroup lifted their target price on shares of Knight-Swift Transportation from $59.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Finally, TD Cowen upped their target price on shares of Knight-Swift Transportation from $53.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, December 9th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Knight-Swift Transportation has an average rating of “Moderate Buy” and an average target price of $58.47.

Get Our Latest Stock Report on Knight-Swift Transportation

Knight-Swift Transportation Stock Up 0.1%

NYSE:KNX opened at $57.13 on Thursday. The company has a market cap of $9.27 billion, a price-to-earnings ratio of 64.92, a P/E/G ratio of 0.76 and a beta of 1.16. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.33 and a current ratio of 1.33. The stock’s fifty day moving average price is $50.04 and its two-hundred day moving average price is $45.88. Knight-Swift Transportation has a 52-week low of $36.69 and a 52-week high of $61.51.

Knight-Swift Transportation (NYSE:KNX – Get Free Report) last released its earnings results on Wednesday, October 22nd. The transportation company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.06). Knight-Swift Transportation had a return on equity of 2.98% and a net margin of 1.90%.The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the previous year, the firm earned $0.34 EPS. The company’s revenue 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. On average, analysts anticipate that Knight-Swift Transportation will post 2.13 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Cary M. Flanagan sold 4,300 shares of Knight-Swift Transportation stock in a transaction on Friday, November 7th. The shares were sold at an average price of $45.04, for a total transaction of $193,672.00. Following the transaction, the chief accounting officer directly owned 5,644 shares of the company’s stock, valued at $254,205.76. This trade represents a 43.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Reed Stultz sold 4,692 shares of the business’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $51.51, for a total transaction of $241,684.92. Following the completion of the transaction, the senior vice president directly owned 465 shares of the company’s stock, valued at $23,952.15. This trade represents a 90.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 43,992 shares of company stock worth $2,220,707. Company insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Knight-Swift Transportation

Several large investors have recently modified their holdings of KNX. Caitong International Asset Management Co. Ltd raised its position in shares of Knight-Swift Transportation by 1,478.6% during the third quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the transportation company’s stock worth $35,000 after purchasing an additional 828 shares during the period. SJS Investment Consulting Inc. grew its position in shares of Knight-Swift Transportation by 7,100.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 936 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 923 shares during the period. Versant Capital Management Inc increased its stake in Knight-Swift Transportation by 111.3% during the 3rd quarter. Versant Capital Management Inc now owns 936 shares of the transportation company’s stock worth $37,000 after purchasing an additional 493 shares in the last quarter. MMA Asset Management LLC acquired a new stake in Knight-Swift Transportation during the 3rd quarter worth approximately $41,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new stake in Knight-Swift Transportation during the 2nd quarter worth approximately $55,000. 88.77% of the stock is currently owned by institutional investors.

Knight-Swift Transportation Company Profile

(Get Free Report)

Knight-Swift Transportation Holdings Inc (NYSE: KNX) is one of North America’s largest asset-based truckload carriers, offering a wide range of transportation and logistics services. The company was formed in 2017 through the merger of Knight Transportation and Swift Transportation, each with decades of experience in long-haul dry van and refrigerated freight. Since the merger, Knight-Swift has pursued a growth strategy that includes fleet expansions, targeted acquisitions, and investments in technology to enhance service reliability and network efficiency.

The company’s core business activities include full truckload operations for dry van, temperature-controlled and flatbed shipments.

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