Knight-Swift Transportation (NYSE:KNX) Price Target Cut to $54.00 by Analysts at Susquehanna

Knight-Swift Transportation (NYSE:KNX) had its price objective dropped by Susquehanna from $67.00 to $54.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “positive” rating on the transportation company’s stock. Susquehanna’s target price suggests a potential upside of 21.73% from the company’s current price.

A number of other brokerages also recently commented on KNX. The Goldman Sachs Group lifted their price target on shares of Knight-Swift Transportation from $45.00 to $51.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. Bank of America boosted their target price on shares of Knight-Swift Transportation from $61.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Citigroup raised shares of Knight-Swift Transportation from a “sell” rating to a “neutral” rating and set a $53.00 price target for the company in a research report on Monday, March 10th. Raymond James increased their target price on shares of Knight-Swift Transportation from $62.00 to $66.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, StockNews.com upgraded shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $58.65.

Knight-Swift Transportation Stock Down 1.4 %

KNX opened at $44.36 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 0.85. The company has a market cap of $7.19 billion, a price-to-earnings ratio of 60.77 and a beta of 0.97. Knight-Swift Transportation has a one year low of $42.72 and a one year high of $61.51. The business’s fifty day moving average is $51.90 and its two-hundred day moving average is $53.29.

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

Insiders Place Their Bets

In other Knight-Swift Transportation news, Director Douglas L. Col purchased 5,000 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of $45.37 per share, with a total value of $226,850.00. Following the acquisition, the director now owns 5,000 shares of the company’s stock, valued at $226,850. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.00% of the stock is currently owned by insiders.

Institutional Trading of Knight-Swift Transportation

Hedge funds and other institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. bought a new stake in Knight-Swift Transportation during the third quarter worth approximately $70,185,000. Interval Partners LP boosted its stake in shares of Knight-Swift Transportation by 320.7% during the 4th quarter. Interval Partners LP now owns 1,754,822 shares of the transportation company’s stock worth $93,076,000 after acquiring an additional 1,337,727 shares in the last quarter. Norges Bank acquired a new position in shares of Knight-Swift Transportation in the 4th quarter worth $65,839,000. Junto Capital Management LP acquired a new stake in shares of Knight-Swift Transportation during the fourth quarter worth $34,355,000. Finally, Ceredex Value Advisors LLC raised its position in shares of Knight-Swift Transportation by 59.5% during the fourth quarter. Ceredex Value Advisors LLC now owns 1,435,562 shares of the transportation company’s stock worth $76,142,000 after purchasing an additional 535,518 shares during the period. 88.77% of the stock is currently owned by institutional investors.

About Knight-Swift Transportation

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.