Knight-Swift Transportation (NYSE:KNX) Price Target Cut to $92.00 by Analysts at Bank of America

Knight-Swift Transportation (NYSE:KNX) had its target price dropped by analysts at Bank of America from $98.00 to $92.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Bank of America‘s target price suggests a potential upside of 37.04% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. UBS Group boosted their target price on Knight-Swift Transportation from $79.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, June 1st. Susquehanna increased their price objective on Knight-Swift Transportation from $90.00 to $96.00 and gave the stock a “positive” rating in a report on Thursday, July 23rd. Barclays lifted their price target on shares of Knight-Swift Transportation from $75.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. Stephens upgraded Knight-Swift Transportation to a “strong-buy” rating in a report on Wednesday, July 8th. Finally, Sanford C. Bernstein began coverage on Knight-Swift Transportation in a report on Thursday, September 10th. They issued an “outperform” rating and a $91.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $83.95.

Knight-Swift Transportation Stock Performance

Knight-Swift Transportation stock opened at $67.13 on Wednesday. Knight-Swift Transportation has a fifty-two week low of $38.63 and a fifty-two week high of $82.86. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market cap of $10.93 billion, a P/E ratio of 258.21, a price-to-earnings-growth ratio of 0.55 and a beta of 1.18. The firm’s fifty day moving average price is $70.33 and its 200-day moving average price is $68.26.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.12. The firm had revenue of $2.10 billion during 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 company’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 earnings per share. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. On average, equities research analysts expect that Knight-Swift Transportation will post 2.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Knight-Swift Transportation news, CEO Reid Dove sold 126,864 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $73.13, for a total transaction of $9,277,564.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Cary M. Flanagan sold 3,600 shares of Knight-Swift Transportation stock in a transaction on Friday, July 31st. The shares were sold at an average price of $70.82, for a total value of $254,952.00. Following the sale, the chief accounting officer directly owned 5,405 shares of the company’s stock, valued at approximately $382,782.10. This trade represents a 39.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 224,954 shares of company stock worth $16,183,454. Company insiders own 2.90% of the company’s stock.

Institutional Trading of Knight-Swift Transportation

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Manning & Napier Advisors LLC acquired a new position in shares of Knight-Swift Transportation in the second quarter valued at about $173,669,000. Norges Bank purchased a new stake in Knight-Swift Transportation in the fourth quarter valued at approximately $92,070,000. Encompass Capital Advisors LLC acquired a new position in Knight-Swift Transportation in the 1st quarter worth approximately $28,790,000. Baird Financial Group Inc. lifted its stake in Knight-Swift Transportation by 152.4% during the 2nd quarter. Baird Financial Group Inc. now owns 426,026 shares of the transportation company’s stock valued at $33,175,000 after acquiring an additional 257,256 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Knight-Swift Transportation by 20.1% in the 4th quarter. Bank of New York Mellon Corp now owns 1,385,655 shares of the transportation company’s stock valued at $72,442,000 after acquiring an additional 231,806 shares during the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc is a transportation and logistics company that provides freight services across North America. Its operations include truckload transportation, less-than-truckload shipping, intermodal services and logistics solutions for commercial and industrial customers.

The company operates a large fleet of tractors and trailers and offers dedicated and irregular-route truckload services, freight brokerage and supply-chain support. Its less-than-truckload business transports smaller shipments through regional and national networks, while its intermodal operations combine rail and highway transportation.