Knight-Swift Transportation (KNX) Receiving Somewhat Favorable Media Coverage, Analysis Shows
Media stories about Knight-Swift Transportation (NYSE:KNX) have been trending somewhat positive this week, Accern Sentiment reports. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Knight-Swift Transportation earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the transportation company an impact score of 46.7149031394067 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Knight-Swift Transportation Holdings Inc (KNX) Expected to Announce Quarterly Sales of $1.33 Billion (americanbankingnews.com)
- Free Research Report as Knight-Swift’s Q4 Bottom-Line Outperformed Forecasts (finance.yahoo.com)
- $0.41 EPS Expected for Knight-Swift Transportation Holdings Inc (KNX) This Quarter (americanbankingnews.com)
- There Aren’t Enough Truckers, and That’s Pinching U.S. Profits (bloomberg.com)
- Bull of the Day: Knight-Swift (KNX) (finance.yahoo.com)
Shares of Knight-Swift Transportation (NYSE:KNX) traded down $0.02 on Wednesday, reaching $48.67. The company had a trading volume of 1,644,061 shares, compared to its average volume of 2,216,802. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.51 and a quick ratio of 1.32. The firm has a market capitalization of $8,478.51, a P/E ratio of 16.94 and a beta of 1.71. Knight-Swift Transportation has a 52-week low of $26.68 and a 52-week high of $51.94.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 27th. Investors of record on Thursday, March 1st will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Wednesday, February 28th. Knight-Swift Transportation’s dividend payout ratio (DPR) is 2.09%.
A number of analysts have issued reports on the stock. Wells Fargo & Co boosted their price target on shares of Knight-Swift Transportation from $36.00 to $48.00 and gave the stock a “market perform” rating in a research note on Thursday, February 8th. Barclays upgraded shares of Knight-Swift Transportation from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $50.00 to $55.00 in a research note on Monday, February 5th. Zacks Investment Research upgraded shares of 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, January 31st. Credit Suisse Group boosted their price target on shares of Knight-Swift Transportation from $46.00 to $48.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. Finally, Buckingham Research boosted their price target on shares of Knight-Swift Transportation from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Knight-Swift Transportation has an average rating of “Buy” and an average price target of $49.60.
In related news, Director Michael Garnreiter sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $43.00, for a total value of $43,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Todd F. Carlson sold 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $39.24, for a total value of $353,160.00. The disclosure for this sale can be found here. Corporate insiders own 44.90% of the company’s stock.
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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.
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