Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Get Rating) has been assigned an average recommendation of “Moderate Buy” from the seventeen research firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and thirteen have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $60.60.
A number of equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Knight-Swift Transportation from $63.00 to $69.00 and gave the company a “buy” rating in a research note on Monday, November 28th. Susquehanna Bancshares cut their price target on Knight-Swift Transportation from $64.00 to $63.00 and set a “positive” rating for the company in a research note on Thursday, October 20th. Evercore ISI dropped their target price on Knight-Swift Transportation from $59.00 to $57.00 and set an “outperform” rating for the company in a research report on Thursday, October 20th. Raymond James dropped their target price on Knight-Swift Transportation from $55.00 to $53.00 and set an “outperform” rating for the company in a research report on Thursday, October 20th. Finally, Wells Fargo & Company lifted their price target on shares of Knight-Swift Transportation from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday.
Knight-Swift Transportation Stock Performance
KNX stock opened at $55.44 on Friday. The stock has a market capitalization of $8.91 billion, a PE ratio of 10.40, a price-to-earnings-growth ratio of 0.84 and a beta of 1.17. Knight-Swift Transportation has a 12-month low of $42.50 and a 12-month high of $59.13. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.22. The stock’s 50 day simple moving average is $53.20 and its 200 day simple moving average is $51.27.
Knight-Swift Transportation (NYSE:KNX – Get Rating) last released its quarterly earnings data on Wednesday, October 19th. The transportation company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.06). The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.89 billion. Knight-Swift Transportation had a net margin of 11.69% and a return on equity of 13.98%. The business’s revenue was up 15.5% compared to the same quarter last year. During the same period last year, the company posted $1.30 earnings per share. As a group, research analysts forecast that Knight-Swift Transportation will post 5.19 earnings per share for the current fiscal year.
Knight-Swift Transportation Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 27th. Shareholders of record on Monday, December 5th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend was Friday, December 2nd. Knight-Swift Transportation’s payout ratio is 9.01%.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Intech Investment Management LLC raised its stake in Knight-Swift Transportation by 2.5% during the 3rd quarter. Intech Investment Management LLC now owns 8,243 shares of the transportation company’s stock worth $403,000 after acquiring an additional 199 shares in the last quarter. Great Valley Advisor Group Inc. raised its position in shares of Knight-Swift Transportation by 1.9% in the third quarter. Great Valley Advisor Group Inc. now owns 11,847 shares of the transportation company’s stock valued at $580,000 after buying an additional 216 shares during the last quarter. Nicollet Investment Management Inc. grew its stake in Knight-Swift Transportation by 1.3% during the second quarter. Nicollet Investment Management Inc. now owns 17,789 shares of the transportation company’s stock worth $823,000 after buying an additional 236 shares during the period. Exchange Traded Concepts LLC grew its stake in Knight-Swift Transportation by 2.4% during the second quarter. Exchange Traded Concepts LLC now owns 10,799 shares of the transportation company’s stock worth $500,000 after buying an additional 248 shares during the period. Finally, Barber Financial Group Inc. boosted its stake in shares of Knight-Swift Transportation by 1.9% in the third quarter. Barber Financial Group Inc. now owns 13,660 shares of the transportation company’s stock valued at $668,000 after purchasing an additional 250 shares during the period. Institutional investors and hedge funds own 89.95% of the company’s stock.
Knight-Swift Transportation Company Profile
Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada. The company operates through four segments: Trucking, Logistics, Less-than-truckload (LTL), and Intermodal. Its trucking services include irregular route, dedicated, refrigerated, flatbed, expedited, dry van, drayage, and cross-border transportation of various products, goods, and materials.
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