Knight-Swift Transportation (NYSE:KNX) Upgraded at Susquehanna

Knight-Swift Transportation (NYSE:KNX) was upgraded by equities researchers at Susquehanna from a “neutral” rating to a “positive” rating in a note issued to investors on Tuesday. The firm presently has a $90.00 price objective on the transportation company’s stock. Susquehanna’s target price points to a potential upside of 15.56% from the company’s previous close.

Several other equities analysts have also recently issued reports on the company. Weiss Ratings upgraded Knight-Swift Transportation from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, April 15th. Evercore upgraded Knight-Swift Transportation from an “in-line” rating to an “outperform” rating and set a $65.00 price target on the stock in a report on Friday, March 27th. Stifel Nicolaus raised their price target on Knight-Swift Transportation from $63.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. UBS Group raised their target price on Knight-Swift Transportation from $79.00 to $94.00 and gave the stock a “buy” rating in a report on Monday. Finally, Barclays raised their price target on Knight-Swift Transportation from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $68.88.

Knight-Swift Transportation Stock Performance

Knight-Swift Transportation stock opened at $77.88 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a fifty day moving average price of $63.75 and a two-hundred day moving average price of $57.59. Knight-Swift Transportation has a 52-week low of $38.63 and a 52-week high of $78.29. The firm has a market capitalization of $12.66 billion, a P/E ratio of 370.88, a P/E/G ratio of 0.96 and a beta of 1.18.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.20). The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.85 billion. Knight-Swift Transportation had a return on equity of 2.94% and a net margin of 0.45%.The business’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.28 earnings per share. As a group, analysts anticipate that Knight-Swift Transportation will post 2.14 EPS for the current fiscal year.

Institutional Trading of Knight-Swift Transportation

Several institutional investors have recently added to or reduced their stakes in the company. Fifth Third Wealth Advisors LLC boosted its stake in Knight-Swift Transportation by 4.5% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 5,183 shares of the transportation company’s stock valued at $298,000 after purchasing an additional 222 shares during the period. Fifth Third Bancorp boosted its stake in Knight-Swift Transportation by 44.4% in the 4th quarter. Fifth Third Bancorp now owns 868 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 267 shares during the period. Blue Trust Inc. raised its holdings in Knight-Swift Transportation by 123.9% in the 1st quarter. Blue Trust Inc. now owns 544 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 301 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in Knight-Swift Transportation by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 52,930 shares of the transportation company’s stock valued at $2,091,000 after acquiring an additional 306 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in Knight-Swift Transportation by 7.9% in the 4th quarter. Parallel Advisors LLC now owns 4,240 shares of the transportation company’s stock valued at $222,000 after acquiring an additional 309 shares in the last quarter. 88.77% of the stock is currently owned by institutional investors.

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.