Morgan Stanley Lowers Knight-Swift Transportation (NYSE:KNX) Price Target to $67.00

Knight-Swift Transportation (NYSE:KNX) had its target price dropped by equities researchers at Morgan Stanley from $68.00 to $67.00 in a report issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the transportation company’s stock. Morgan Stanley’s price target suggests a potential upside of 56.74% from the stock’s previous close.

Several other analysts have also recently commented on KNX. Bank of America decreased their target price on Knight-Swift Transportation from $49.00 to $41.00 and set a “neutral” rating for the company in a research report on Wednesday, September 24th. UBS Group cut Knight-Swift Transportation from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $46.00 to $51.00 in a research report on Friday, September 5th. Stifel Nicolaus raised Knight-Swift Transportation from a “hold” rating to a “buy” rating and reduced their price objective for the company from $47.00 to $45.00 in a research report on Friday, October 3rd. Wells Fargo & Company reduced their price objective on Knight-Swift Transportation from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Monday. Finally, Baird R W raised Knight-Swift Transportation to a “strong-buy” rating in a research report on Tuesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $52.18.

Knight-Swift Transportation Stock Performance

Shares of Knight-Swift Transportation stock opened at $42.75 on Monday. The stock has a market cap of $6.94 billion, a PE ratio of 41.91, a price-to-earnings-growth ratio of 0.74 and a beta of 1.14. The business has a fifty day simple moving average of $42.10 and a 200-day simple moving average of $42.92. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.30. Knight-Swift Transportation has a 12 month low of $36.69 and a 12 month high of $61.51.

Knight-Swift Transportation (NYSE:KNX) last issued its earnings results on Wednesday, July 23rd. The transportation company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Knight-Swift Transportation had a return on equity of 3.03% and a net margin of 2.22%.Knight-Swift Transportation’s revenue was up .8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.24 earnings per share. Knight-Swift Transportation has set its Q3 2025 guidance at 0.360-0.420 EPS. On average, sell-side analysts anticipate that Knight-Swift Transportation will post 2.13 EPS for the current fiscal year.

Insider Buying and Selling at Knight-Swift Transportation

In other Knight-Swift Transportation news, EVP Michael K. Liu sold 3,420 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $43.41, for a total value of $148,462.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 3.00% of the stock is owned by corporate insiders.

Institutional Trading of Knight-Swift Transportation

Institutional investors and hedge funds have recently made changes to their positions in the stock. Larson Financial Group LLC lifted its position in shares of Knight-Swift Transportation by 9,383.3% in the first quarter. Larson Financial Group LLC now owns 569 shares of the transportation company’s stock worth $25,000 after buying an additional 563 shares during the last quarter. Brooklyn Investment Group lifted its position in shares of Knight-Swift Transportation by 93.4% in the first quarter. Brooklyn Investment Group now owns 642 shares of the transportation company’s stock worth $28,000 after buying an additional 310 shares during the last quarter. UMB Bank n.a. lifted its position in shares of Knight-Swift Transportation by 40.0% in the first quarter. UMB Bank n.a. now owns 1,133 shares of the transportation company’s stock worth $49,000 after buying an additional 324 shares during the last quarter. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Knight-Swift Transportation in the second quarter worth about $55,000. Finally, Employees Retirement System of Texas bought a new position in shares of Knight-Swift Transportation in the second quarter worth about $58,000. Institutional investors and hedge funds own 88.77% of the company’s stock.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides freight transportation services in the United States and Mexico. The company operates through four segments: Truckload, Less-than-truckload (LTL), Logistics, and Intermodal. The Truckload segment provides transportation services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.