UBS Group restated their neutral rating on shares of Knight-Swift Transportation (NYSE:KNX) in a research note issued to investors on Tuesday, 99wallstreet.com reports. UBS Group currently has a $36.00 price target on the transportation company’s stock, down from their previous price target of $43.00.

KNX has been the topic of a number of other research reports. Zacks Investment Research raised Knight-Swift Transportation from a hold rating to a buy rating and set a $37.00 target price on the stock in a report on Monday, November 26th. Buckingham Research reduced their target price on Knight-Swift Transportation from $54.00 to $49.00 and set a buy rating on the stock in a report on Friday, October 12th. ValuEngine raised Knight-Swift Transportation from a sell rating to a hold rating in a report on Tuesday, September 4th. Loop Capital increased their price target on Knight-Swift Transportation from $45.00 to $47.00 and gave the stock a buy rating in a research report on Friday, October 26th. Finally, KeyCorp dropped their price target on Knight-Swift Transportation from $45.00 to $41.00 and set an overweight rating on the stock in a research report on Thursday, October 25th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Knight-Swift Transportation currently has a consensus rating of Buy and a consensus price target of $47.53.

NYSE:KNX opened at $28.82 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.43 and a current ratio of 1.43. Knight-Swift Transportation has a 52 week low of $28.68 and a 52 week high of $51.94. The company has a market cap of $5.47 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 0.87 and a beta of 1.51.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results on Wednesday, October 24th. The transportation company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. Knight-Swift Transportation had a return on equity of 7.26% and a net margin of 13.47%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter last year, the business posted $0.25 EPS. Knight-Swift Transportation’s quarterly revenue was up 158.2% compared to the same quarter last year. On average, research analysts forecast that Knight-Swift Transportation will post 2.36 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 27th. Investors of record on Monday, December 3rd will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.83%. The ex-dividend date is Friday, November 30th. Knight-Swift Transportation’s dividend payout ratio is currently 17.39%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Dai Ichi Life Insurance Company Ltd acquired a new stake in Knight-Swift Transportation in the 2nd quarter valued at approximately $4,087,000. Legal & General Group Plc increased its position in Knight-Swift Transportation by 13.2% in the 2nd quarter. Legal & General Group Plc now owns 239,416 shares of the transportation company’s stock valued at $9,148,000 after acquiring an additional 27,855 shares during the period. Grandeur Peak Global Advisors LLC increased its position in Knight-Swift Transportation by 33.6% in the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 797,220 shares of the transportation company’s stock valued at $30,462,000 after acquiring an additional 200,675 shares during the period. Putnam Investments LLC acquired a new stake in Knight-Swift Transportation in the 2nd quarter valued at approximately $554,000. Finally, Nomura Holdings Inc. increased its position in Knight-Swift Transportation by 1,681.1% in the 2nd quarter. Nomura Holdings Inc. now owns 1,104,298 shares of the transportation company’s stock valued at $42,195,000 after acquiring an additional 1,042,298 shares during the period. Hedge funds and other institutional investors own 80.94% of the company’s stock.

About Knight-Swift Transportation

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

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