Knight-Swift Transportation Holdings Inc (KNX) Given Average Recommendation of “Buy” by Brokerages

Knight-Swift Transportation Holdings Inc (NYSE:KNX) has been given an average rating of “Buy” by the eighteen research firms that are currently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $49.44.

KNX has been the subject of a number of research analyst reports. Zacks Investment Research raised Knight-Swift Transportation from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Tuesday, July 24th. KeyCorp decreased their target price on Knight-Swift Transportation from $55.00 to $45.00 and set an “overweight” rating for the company in a research report on Thursday, July 26th. Barclays raised Knight-Swift Transportation from an “equal weight” rating to an “overweight” rating and set a $55.00 target price for the company in a research report on Monday, July 16th. Stifel Nicolaus raised Knight-Swift Transportation from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Monday, May 21st. Finally, Morgan Stanley decreased their target price on Knight-Swift Transportation from $60.00 to $55.00 and set an “overweight” rating for the company in a research report on Thursday, July 26th.

In related news, CAO Wayne Yu acquired 1,750 shares of the firm’s stock in a transaction on Wednesday, August 1st. The stock was purchased at an average cost of $32.01 per share, with a total value of $56,017.50. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 27.50% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Point72 Asia Hong Kong Ltd purchased a new position in shares of Knight-Swift Transportation in the 1st quarter worth approximately $131,000. We Are One Seven LLC boosted its stake in shares of Knight-Swift Transportation by 126.8% in the 1st quarter. We Are One Seven LLC now owns 3,119 shares of the transportation company’s stock worth $144,000 after buying an additional 1,744 shares during the last quarter. Cerebellum GP LLC purchased a new position in shares of Knight-Swift Transportation in the 2nd quarter worth approximately $164,000. Stratos Wealth Partners LTD. purchased a new position in shares of Knight-Swift Transportation in the 1st quarter worth approximately $171,000. Finally, Ladenburg Thalmann Financial Services Inc. lifted its stake in Knight-Swift Transportation by 43.8% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,177 shares of the transportation company’s stock valued at $193,000 after purchasing an additional 1,272 shares during the last quarter. Hedge funds and other institutional investors own 79.60% of the company’s stock.

Knight-Swift Transportation stock traded up $0.34 during midday trading on Friday, reaching $36.38. The stock had a trading volume of 1,378,622 shares, compared to its average volume of 2,408,478. Knight-Swift Transportation has a 12 month low of $29.00 and a 12 month high of $51.94. The firm has a market capitalization of $6.42 billion, a price-to-earnings ratio of 26.36, a PEG ratio of 1.06 and a beta of 1.63. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.47 and a quick ratio of 1.47.

Knight-Swift Transportation (NYSE:KNX) last issued its earnings results on Wednesday, July 25th. The transportation company reported $0.56 EPS for the quarter, meeting analysts’ consensus estimates of $0.56. Knight-Swift Transportation had a return on equity of 5.74% and a net margin of 13.67%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the company posted $0.25 EPS. The firm’s revenue was up 387.4% compared to the same quarter last year. sell-side analysts expect that Knight-Swift Transportation will post 2.27 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 27th. Shareholders of record on Monday, September 3rd will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date is Thursday, August 30th. Knight-Swift Transportation’s dividend payout ratio is currently 17.39%.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation and logistics 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.

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Analyst Recommendations for Knight-Swift Transportation (NYSE:KNX)

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