Knight-Swift Transportation (NYSE:KNX) Price Target Raised to $98.00

Knight-Swift Transportation (NYSE:KNX) had its target price boosted by Bank of America from $90.00 to $98.00 in a research report released on Thursday morning,Benzinga reports. Bank of America currently has a buy rating on the transportation company’s stock.

Other equities analysts also recently issued research reports about the company. Stephens upgraded Knight-Swift Transportation to a “strong-buy” rating in a report on Wednesday, July 8th. Stifel Nicolaus lifted their target price on shares of Knight-Swift Transportation from $85.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday. Citigroup raised shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and set a $90.00 target price for the company in a research report on Thursday, July 9th. Susquehanna increased their price target on shares of Knight-Swift Transportation from $90.00 to $96.00 and gave the stock a “positive” rating in a research note on Thursday. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Knight-Swift Transportation in a research note on Monday, July 13th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Knight-Swift Transportation has a consensus rating of “Buy” and an average price target of $84.44.

Knight-Swift Transportation Stock Performance

Shares of NYSE KNX opened at $72.40 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.88 and a quick ratio of 0.70. Knight-Swift Transportation has a one year low of $38.63 and a one year high of $82.86. The business’s 50-day moving average price is $75.60 and its two-hundred day moving average price is $64.97. The company has a market capitalization of $11.76 billion, a P/E ratio of 278.48, a price-to-earnings-growth ratio of 0.78 and a beta of 1.18.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly 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 during the quarter, compared to the consensus estimate of $2.05 billion. Knight-Swift Transportation had a return on equity of 3.51% and a net margin of 0.56%.The business’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period last year, the business earned $0.21 EPS. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. Analysts anticipate that Knight-Swift Transportation will post 2.42 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Monday, June 8th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. Knight-Swift Transportation’s dividend payout ratio is currently 307.69%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Handelsbanken Fonder AB boosted its position in Knight-Swift Transportation by 7.2% during the second quarter. Handelsbanken Fonder AB now owns 48,900 shares of the transportation company’s stock worth $3,808,000 after purchasing an additional 3,300 shares during the period. IFC & Insurance Marketing Inc. bought a new position in shares of Knight-Swift Transportation in the second quarter valued at approximately $245,000. GAMMA Investing LLC raised its position in shares of Knight-Swift Transportation by 20.0% in the second quarter. GAMMA Investing LLC now owns 4,380 shares of the transportation company’s stock valued at $341,000 after purchasing an additional 729 shares during the period. Mader & Shannon Wealth Management Inc. lifted its stake in shares of Knight-Swift Transportation by 1.7% in the second quarter. Mader & Shannon Wealth Management Inc. now owns 171,537 shares of the transportation company’s stock worth $13,358,000 after buying an additional 2,818 shares during the last quarter. Finally, DV Trading LLC acquired a new stake in shares of Knight-Swift Transportation in the first quarter worth $287,000. 88.77% of the stock is owned by institutional investors.

Key Headlines Impacting Knight-Swift Transportation

Here are the key news stories impacting Knight-Swift Transportation this week:

• Positive Sentiment: KNX beat Q2 estimates, reporting $0.63 EPS versus $0.49-$0.51 expected, with revenue of $2.10 billion topping forecasts of about $2.05 billion. Article: Knight-Swift Transportation Holdings (KNX) Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Margins improved as truckload pricing, network efficiency and intermodal growth helped drive profitability, with truckload EBIT and EPS showing sharp year-over-year gains. Article: Knight-Swift Q2 Earnings Beat Estimates on Truckload Margin Gains
• Positive Sentiment: Several firms raised price targets after the report, including Bank of America, Stifel, Susquehanna, TD Cowen and JPMorgan, signaling improved sentiment toward KNX. Article: Analyst price target updates
• Positive Sentiment: KNX was also added to Zacks’ Rank #1 “Strong Buy” growth list, which may support investor confidence in the stock. Article: Best Growth Stocks to Buy for July 24th
• Neutral Sentiment: Market commentary notes the stock is falling today after the earnings release, likely reflecting a “buy the rumor, sell the news” reaction or investor concern about whether the strong quarter can be sustained. Article: Why Knight-Swift Transportation (KNX) stock is falling today

About Knight-Swift Transportation

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.