Knight-Swift Transportation (NYSE:KNX) Given New $65.00 Price Target at Wells Fargo & Company
by Scott Moore · The Cerbat GemKnight-Swift Transportation (NYSE:KNX – Get Free Report) had its price target lifted by research analysts at Wells Fargo & Company from $60.00 to $65.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the transportation company’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 8.33% from the stock’s previous close.
KNX has been the topic of a number of other research reports. Citigroup raised Knight-Swift Transportation from a “neutral” rating to a “buy” rating and set a $64.00 target price on the stock in a report on Friday, March 13th. Susquehanna upped their price target on Knight-Swift Transportation from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, January 22nd. Evercore upgraded Knight-Swift Transportation from an “in-line” rating to an “outperform” rating and set a $65.00 price target for the company in a research report on Friday, March 27th. TD Cowen upped their price target on Knight-Swift Transportation from $53.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. Finally, Stifel Nicolaus upped their price target on Knight-Swift Transportation from $61.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $61.83.
Read Our Latest Stock Report on KNX
Knight-Swift Transportation Stock Performance
KNX stock traded up $0.25 during trading on Tuesday, reaching $60.00. The stock had a trading volume of 188,363 shares, compared to its average volume of 3,210,797. Knight-Swift Transportation has a 52 week low of $37.70 and a 52 week high of $64.10. The stock’s 50 day moving average is $57.81 and its two-hundred day moving average is $51.53. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.30. The firm has a market cap of $9.75 billion, a PE ratio of 146.63, a PEG ratio of 0.88 and a beta of 1.11.
Knight-Swift Transportation (NYSE:KNX – Get Free Report) last posted its earnings results on Wednesday, January 21st. The transportation company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.05). Knight-Swift Transportation had a net margin of 0.88% and a return on equity of 2.88%. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same period in the prior year, the company posted $0.36 EPS. The firm’s revenue was down .4% compared to the same quarter last year. Knight-Swift Transportation has set its Q1 2026 guidance at 0.280-0.320 EPS. As a group, equities analysts anticipate that Knight-Swift Transportation will post 2.13 earnings per share for the current year.
Insiders Place Their Bets
In related news, Chairman Kevin P. Knight sold 30,000 shares of the stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $61.00, for a total transaction of $1,830,000.00. Following the completion of the sale, the chairman owned 1,305,347 shares in the company, valued at approximately $79,626,167. This trade represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Michael K. Liu sold 1,243 shares of the stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $60.87, for a total value of $75,661.41. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 42,930 shares of company stock worth $2,581,186. Company insiders own 3.00% of the company’s stock.
Institutional Trading of Knight-Swift Transportation
Several institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP grew its position in shares of Knight-Swift Transportation by 23.6% during the fourth quarter. Wellington Management Group LLP now owns 12,918,523 shares of the transportation company’s stock worth $675,380,000 after purchasing an additional 2,468,293 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Knight-Swift Transportation by 0.9% during the third quarter. Victory Capital Management Inc. now owns 8,496,137 shares of the transportation company’s stock worth $335,682,000 after purchasing an additional 76,342 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Knight-Swift Transportation by 1.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 8,397,338 shares of the transportation company’s stock worth $439,016,000 after purchasing an additional 129,651 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Knight-Swift Transportation by 7.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,676,422 shares of the transportation company’s stock worth $244,250,000 after purchasing an additional 315,192 shares in the last quarter. Finally, Ensign Peak Advisors Inc grew its position in shares of Knight-Swift Transportation by 50.4% during the fourth quarter. Ensign Peak Advisors Inc now owns 2,939,212 shares of the transportation company’s stock worth $153,662,000 after purchasing an additional 984,422 shares in the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.
Knight-Swift Transportation Company Profile
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.