Knight-Swift Transportation (NYSE:KNX) Stock Gets Price Target Boost from Stifel Nicolaus

Knight-Swift Transportation (NYSE:KNX) had its price objective increased by analysts at Stifel Nicolaus from $88.00 to $90.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. Stifel Nicolaus’ price objective points to a potential upside of 39.56% from the stock’s current price.

Several other equities analysts also recently commented on KNX. Citigroup decreased their price target on shares of Knight-Swift Transportation from $90.00 to $81.00 and set a “buy” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. decreased their target price on shares of Knight-Swift Transportation from $84.00 to $68.00 and set a “neutral” rating on the stock in a research report on Monday. Susquehanna lowered their target price on shares of Knight-Swift Transportation from $96.00 to $85.00 and set a “positive” rating on the stock in a report on Friday, October 2nd. Morgan Stanley set a $90.00 price target on Knight-Swift Transportation in a research note on Wednesday, September 2nd. Finally, Citizens Jmp started coverage on Knight-Swift Transportation in a research report on Wednesday, July 15th. They set a “market outperform” rating and a $90.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.50.

Knight-Swift Transportation Stock Performance

Shares of NYSE:KNX traded up $0.87 during trading on Thursday, reaching $64.49. 838,286 shares of the stock were exchanged, compared to its average volume of 3,656,290. Knight-Swift Transportation has a 12 month low of $41.24 and a 12 month high of $82.86. The firm has a market cap of $10.50 billion, a PE ratio of 247.58, a PEG ratio of 0.53 and a beta of 1.21. The stock has a 50-day moving average price of $68.36 and a 200-day moving average price of $69.03. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.32.

Knight-Swift Transportation (NYSE:KNX) last announced its earnings results on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.05 billion. Knight-Swift Transportation had a return on equity of 3.51% and a net margin of 0.56%.The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.21 earnings per share. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. Research analysts expect that Knight-Swift Transportation will post 2.49 EPS for the current fiscal year.

Insider Activity at Knight-Swift Transportation

In other Knight-Swift Transportation news, CAO Cary Flanagan sold 3,600 shares of Knight-Swift Transportation stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $70.82, for a total value of $254,952.00. Following the transaction, the chief accounting officer owned 5,405 shares in the company, valued at $382,782.10. The trade was a 39.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David Vander Ploeg sold 2,200 shares of the business’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $52.33, for a total value of $115,126.00. Following the transaction, the director directly owned 30,252 shares of the company’s stock, valued at approximately $1,583,087.16. The trade was a 6.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 224,954 shares of company stock valued at $16,183,454 over the last ninety days. 2.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Knight-Swift Transportation

A number of institutional investors have recently added to or reduced their stakes in the stock. QRG Capital Management Inc. increased its holdings in shares of Knight-Swift Transportation by 11.1% during the second quarter. QRG Capital Management Inc. now owns 9,951 shares of the transportation company’s stock worth $775,000 after buying an additional 991 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Knight-Swift Transportation during the 2nd quarter valued at $203,000. MCF Advisors LLC boosted its holdings in shares of Knight-Swift Transportation by 55.8% during the 2nd quarter. MCF Advisors LLC now owns 676 shares of the transportation company’s stock valued at $53,000 after acquiring an additional 242 shares in the last quarter. Engineers Gate Manager LP grew its position in Knight-Swift Transportation by 54.3% during the 2nd quarter. Engineers Gate Manager LP now owns 175,244 shares of the transportation company’s stock worth $13,646,000 after acquiring an additional 61,706 shares during the last quarter. Finally, Cidel Asset Management Inc. bought a new stake in Knight-Swift Transportation during the 2nd quarter worth $208,000. 88.77% of the stock is currently owned by institutional investors and hedge funds.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc (NYSE: KNX) is a transportation and logistics company that provides freight services across North America. Its operations include truckload transportation, less-than-truckload shipping, logistics and intermodal services, supporting the movement of consumer, industrial and other commercial goods.

The company operates a broad network of tractors, trailers, terminals and distribution facilities. Its truckload business provides dedicated and irregular-route services, while its less-than-truckload operations consolidate shipments from multiple customers.