Knight-Swift Transportation (NYSE:KNX) had its target price boosted by investment analysts at Credit Suisse Group from $46.00 to $48.00 in a note issued to investors on Wednesday. The brokerage currently has a “neutral” rating on the transportation company’s stock. Credit Suisse Group’s price target points to a potential downside of 4.82% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Knight Equity raised Knight-Swift Transportation to a “buy” rating in a research note on Sunday, November 26th. Zacks Investment Research raised Knight-Swift Transportation from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Wednesday. UBS Group reduced their price target on Knight-Swift Transportation from $53.00 to $51.00 and set a “buy” rating on the stock in a research note on Tuesday, November 7th. Buckingham Research upped their price target on Knight-Swift Transportation from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Cowen upped their price target on Knight-Swift Transportation from $38.00 to $46.00 and gave the stock a “market perform” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $46.67.

Shares of Knight-Swift Transportation (KNX) traded up $5.09 during mid-day trading on Wednesday, reaching $50.43. The company had a trading volume of 3,186,550 shares, compared to its average volume of 1,611,579. The stock has a market capitalization of $8,311.25, a PE ratio of 56.05 and a beta of 2.03. Knight-Swift Transportation has a 12 month low of $26.68 and a 12 month high of $51.94. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.32 and a current ratio of 1.32.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings results on Tuesday, January 30th. The transportation company reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.13. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Knight-Swift Transportation had a return on equity of 7.48% and a net margin of 2.44%. The firm’s revenue for the quarter was up 370.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.29 earnings per share. equities research analysts predict that Knight-Swift Transportation will post 1.15 earnings per share for the current year.

In other Knight-Swift Transportation news, General Counsel Todd F. Carlson sold 9,000 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $39.24, for a total value of $353,160.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael Garnreiter sold 1,000 shares of the business’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $43.00, for a total value of $43,000.00. The disclosure for this sale can be found here. Insiders sold 12,500 shares of company stock worth $492,410 over the last three months. Corporate insiders own 44.90% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in KNX. Cigna Investments Inc. New bought a new stake in Knight-Swift Transportation in the fourth quarter worth $206,000. Oakbrook Investments LLC bought a new stake in Knight-Swift Transportation in the fourth quarter worth $210,000. Toronto Dominion Bank bought a new stake in Knight-Swift Transportation in the third quarter worth $234,000. Ameritas Investment Partners Inc. lifted its holdings in shares of Knight-Swift Transportation by 11.0% during the second quarter. Ameritas Investment Partners Inc. now owns 6,422 shares of the transportation company’s stock valued at $238,000 after purchasing an additional 639 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its holdings in shares of Knight-Swift Transportation by 39.6% during the second quarter. D.A. Davidson & CO. now owns 6,549 shares of the transportation company’s stock valued at $242,000 after purchasing an additional 1,858 shares in the last quarter. 77.72% of the stock is currently owned by institutional investors and hedge funds.

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Knight-Swift Transportation Company Profile

Knight Transportation, Inc is a provider of multiple truckload transportation and logistics services, which involve the movement of trailer or container loads of freight from origin to destination for a single customer. The Company operates through two segments: Trucking and Logistics. Its Trucking segment consists of three operating units: dry van truckload, temperature-controlled truckload and drayage services.

Analyst Recommendations for Knight-Swift Transportation (NYSE:KNX)

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