Knight-Swift Transportation (NYSE:KNX) had its price target reduced by equities research analysts at Buckingham Research from $54.00 to $49.00 in a research note issued on Friday, Stock Target Advisor reports. The firm currently has a “buy” rating on the transportation company’s stock. Buckingham Research’s target price suggests a potential upside of 58.22% from the stock’s current price.

Several other research analysts also recently weighed in on the company. Loop Capital assumed coverage on Knight-Swift Transportation in a research note on Tuesday, October 2nd. They set a “buy” rating and a $45.00 target price for the company. ValuEngine downgraded Knight-Swift Transportation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. Credit Suisse Group reduced their target price on Knight-Swift Transportation from $43.00 to $37.00 and set a “neutral” rating for the company in a research note on Thursday, July 26th. Morgan Stanley reduced their target price on Knight-Swift Transportation from $60.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday, July 26th. Finally, Stifel Nicolaus reduced their target price on Knight-Swift Transportation from $48.00 to $46.00 and set a “buy” rating for the company in a research note on Thursday, July 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $48.94.

Shares of NYSE:KNX opened at $30.97 on Friday. Knight-Swift Transportation has a 12-month low of $29.00 and a 12-month high of $51.94. The company has a market capitalization of $6.14 billion, a price-to-earnings ratio of 22.44, a P/E/G ratio of 1.01 and a beta of 1.59. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.47 and a quick ratio of 1.47.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings results on Wednesday, July 25th. The transportation company reported $0.56 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.56. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.33 billion. Knight-Swift Transportation had a return on equity of 5.74% and a net margin of 13.67%. Knight-Swift Transportation’s revenue for the quarter was up 387.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 earnings per share. On average, sell-side analysts anticipate that Knight-Swift Transportation will post 2.29 EPS for the current year.

In other news, CAO Wayne Yu purchased 1,750 shares of the company’s stock in a transaction that occurred on Wednesday, August 1st. The stock was purchased at an average cost of $32.01 per share, for a total transaction of $56,017.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 27.50% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of KNX. Wells Fargo & Company MN increased its position in shares of Knight-Swift Transportation by 5.7% during the first quarter. Wells Fargo & Company MN now owns 250,153 shares of the transportation company’s stock worth $11,510,000 after purchasing an additional 13,426 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of Knight-Swift Transportation by 18.6% during the first quarter. New York State Common Retirement Fund now owns 186,452 shares of the transportation company’s stock worth $8,579,000 after purchasing an additional 29,182 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Knight-Swift Transportation by 2.6% during the first quarter. Principal Financial Group Inc. now owns 557,676 shares of the transportation company’s stock worth $25,658,000 after purchasing an additional 14,286 shares in the last quarter. BB&T Securities LLC purchased a new stake in shares of Knight-Swift Transportation during the first quarter worth approximately $210,000. Finally, Allianz Asset Management GmbH purchased a new stake in shares of Knight-Swift Transportation during the first quarter worth approximately $2,127,000. Hedge funds and other institutional investors own 79.59% of the company’s stock.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation and logistics services in the United States, Mexico, and Canada. The company operates through six segments: Knight Trucking, Knight Logistics, Swift Truckload, Swift Dedicated, Swift Refrigerated, and Swift Intermodal.

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