Stifel Nicolaus Issues Pessimistic Forecast for Knight-Swift Transportation (NYSE:KNX) Stock Price

Knight-Swift Transportation (NYSE:KNX) had its target price cut by investment analysts at Stifel Nicolaus from $57.00 to $49.00 in a report released on Monday,Benzinga reports. The firm presently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ target price suggests a potential upside of 21.14% from the stock’s previous close.

Several other analysts also recently weighed in on the stock. Wells Fargo & Company decreased their price target on shares of Knight-Swift Transportation from $65.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday, March 27th. Citigroup raised Knight-Swift Transportation from a “neutral” rating to a “buy” rating and decreased their target price for the company from $53.00 to $48.00 in a research report on Tuesday, April 8th. Benchmark reissued a “buy” rating and set a $63.00 price target on shares of Knight-Swift Transportation in a research report on Monday. Susquehanna cut their price target on Knight-Swift Transportation from $67.00 to $54.00 and set a “positive” rating on the stock in a research note on Wednesday, March 26th. Finally, The Goldman Sachs Group lowered their price objective on shares of Knight-Swift Transportation from $55.00 to $45.00 and set a “neutral” rating for the company in a research note on Thursday. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Knight-Swift Transportation presently has a consensus rating of “Moderate Buy” and an average price target of $56.00.

Knight-Swift Transportation Trading Up 1.4 %

Knight-Swift Transportation stock traded up $0.57 during mid-day trading on Monday, hitting $40.45. The company’s stock had a trading volume of 152,808 shares, compared to its average volume of 2,949,784. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 0.85. The company has a 50 day moving average of $47.45 and a 200-day moving average of $52.19. Knight-Swift Transportation has a one year low of $36.69 and a one year high of $61.51. The stock has a market cap of $6.55 billion, a PE ratio of 55.41 and a beta of 1.16.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings results on Wednesday, January 22nd. The transportation company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. On average, research analysts anticipate that Knight-Swift Transportation will post 2.13 EPS for the current year.

Insider Activity at Knight-Swift Transportation

In related news, Director Douglas L. Col bought 5,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average cost of $45.37 per share, for a total transaction of $226,850.00. Following the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $226,850. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in KNX. Victory Capital Management Inc. increased its position in shares of Knight-Swift Transportation by 6.8% in the 4th quarter. Victory Capital Management Inc. now owns 7,980,109 shares of the transportation company’s stock valued at $423,265,000 after acquiring an additional 506,491 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Knight-Swift Transportation by 7.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,991,354 shares of the transportation company’s stock valued at $370,819,000 after purchasing an additional 505,543 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Knight-Swift Transportation by 3.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,201,276 shares of the transportation company’s stock worth $221,541,000 after purchasing an additional 125,827 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of Knight-Swift Transportation by 1.8% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,556,405 shares of the transportation company’s stock worth $188,632,000 after purchasing an additional 63,241 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Knight-Swift Transportation by 1.7% during the third quarter. Geode Capital Management LLC now owns 2,740,873 shares of the transportation company’s stock worth $147,529,000 after purchasing an additional 46,436 shares during the period. Hedge funds and other institutional investors 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.