Zacks Research Upgrades Knight-Swift Transportation (NYSE:KNX) to Hold

Knight-Swift Transportation (NYSE:KNX) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

KNX has been the topic of several other research reports. Bank of America upgraded shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and raised their price target for the company from $41.00 to $50.00 in a research report on Thursday, October 16th. Wells Fargo & Company lowered their target price on shares of Knight-Swift Transportation from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Monday, October 6th. UBS Group lowered Knight-Swift Transportation from a “buy” rating to a “neutral” rating and lifted their price target for the company from $46.00 to $51.00 in a research note on Friday, September 5th. Morgan Stanley reduced their price target on Knight-Swift Transportation from $68.00 to $67.00 and set an “overweight” rating for the company in a report on Monday, October 6th. Finally, Deutsche Bank Aktiengesellschaft raised Knight-Swift Transportation from a “hold” rating to a “buy” rating and raised their price objective for the company from $43.00 to $53.00 in a report on Thursday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Knight-Swift Transportation currently has an average rating of “Moderate Buy” and a consensus price target of $53.29.

Knight-Swift Transportation Stock Up 0.3%

Shares of KNX stock opened at $50.87 on Wednesday. Knight-Swift Transportation has a twelve month low of $36.69 and a twelve month high of $61.51. The stock has a market cap of $8.26 billion, a P/E ratio of 57.80, a P/E/G ratio of 1.03 and a beta of 1.17. The stock has a 50 day moving average of $44.40 and a 200 day moving average of $43.94. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.31.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings data on Wednesday, October 22nd. The transportation company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.06). The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.91 billion. Knight-Swift Transportation had a return on equity of 2.98% and a net margin of 1.90%.Knight-Swift Transportation’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.34 EPS. Knight-Swift Transportation has set its Q4 2025 guidance at 0.340-0.400 EPS. As a group, sell-side analysts expect that Knight-Swift Transportation will post 2.13 EPS for the current year.

Insider Activity at Knight-Swift Transportation

In other Knight-Swift Transportation news, CAO Cary M. Flanagan sold 4,300 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $45.04, for a total transaction of $193,672.00. Following the completion of the transaction, the chief accounting officer owned 5,644 shares of the company’s stock, valued at $254,205.76. This represents a 43.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in KNX. Brooklyn Investment Group boosted its stake in Knight-Swift Transportation by 93.4% during the 1st quarter. Brooklyn Investment Group now owns 642 shares of the transportation company’s stock worth $28,000 after purchasing an additional 310 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of Knight-Swift Transportation by 1,478.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the transportation company’s stock worth $35,000 after buying an additional 828 shares in the last quarter. SJS Investment Consulting Inc. boosted its position in Knight-Swift Transportation by 7,100.0% during the third quarter. SJS Investment Consulting Inc. now owns 936 shares of the transportation company’s stock worth $37,000 after acquiring an additional 923 shares during the last quarter. Versant Capital Management Inc boosted its position in Knight-Swift Transportation by 111.3% during the third quarter. Versant Capital Management Inc now owns 936 shares of the transportation company’s stock worth $37,000 after acquiring an additional 493 shares during the last quarter. Finally, MMA Asset Management LLC purchased a new stake in Knight-Swift Transportation during the 3rd quarter valued at about $41,000. 88.77% of the stock is owned by institutional investors and hedge funds.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides freight transportation services in the United States and Mexico. The company operates through four segments: Truckload, Less-than-truckload (LTL), Logistics, and Intermodal. The Truckload segment provides transportation services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.