Stifel Nicolaus Forecasts Strong Price Appreciation for Knight-Swift Transportation (NYSE:KNX) Stock

Knight-Swift Transportation (NYSE:KNX) had its target price hoisted by research analysts at Stifel Nicolaus from $88.00 to $90.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. Stifel Nicolaus’ price target points to a potential upside of 39.56% from the company’s previous close.

Several other brokerages have also recently weighed in on KNX. TD Cowen boosted their price objective on shares of Knight-Swift Transportation from $82.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Benchmark lifted their target price on Knight-Swift Transportation from $75.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Bank of America reduced their price target on Knight-Swift Transportation from $98.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, September 23rd. Sanford C. Bernstein started coverage on Knight-Swift Transportation in a research note on Thursday, September 10th. They issued an “outperform” rating and a $91.00 price target for the company. Finally, Wells Fargo & Company lowered their price objective on Knight-Swift Transportation from $86.00 to $81.00 and set an “overweight” rating for the company in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $83.50.

Knight-Swift Transportation Trading Up 1.4%

NYSE:KNX traded up $0.87 during mid-day trading on Thursday, hitting $64.49. 838,286 shares of the company’s stock were exchanged, compared to its average volume of 3,656,290. Knight-Swift Transportation has a fifty-two week low of $41.24 and a fifty-two week high of $82.86. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $10.50 billion, a P/E ratio of 247.58, a PEG ratio of 0.53 and a beta of 1.21. The company has a 50 day simple moving average of $68.36 and a 200-day simple moving average of $69.03.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.12. The firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Knight-Swift Transportation had a net margin of 0.56% and a return on equity of 3.51%. The company’s revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.21 EPS. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. As a group, research analysts expect that Knight-Swift Transportation will post 2.49 earnings per share for the current year.

Insider Transactions at Knight-Swift Transportation

In other news, CEO Reid Dove sold 126,864 shares of Knight-Swift Transportation stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $73.13, for a total value of $9,277,564.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David Vander Ploeg sold 2,200 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $52.33, for a total transaction of $115,126.00. Following the transaction, the director owned 30,252 shares in the company, valued at $1,583,087.16. The trade was a 6.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 224,954 shares of company stock valued at $16,183,454 in the last quarter. 2.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Knight-Swift Transportation

Several institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio bought a new position in shares of Knight-Swift Transportation in the 2nd quarter worth $3,811,000. California Public Employees Retirement System raised its holdings in Knight-Swift Transportation by 3.1% during the first quarter. California Public Employees Retirement System now owns 291,883 shares of the transportation company’s stock worth $16,807,000 after buying an additional 8,653 shares during the last quarter. Engineers Gate Manager LP raised its holdings in Knight-Swift Transportation by 54.3% during the second quarter. Engineers Gate Manager LP now owns 175,244 shares of the transportation company’s stock worth $13,646,000 after buying an additional 61,706 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Knight-Swift Transportation by 36.1% in the first quarter. First Trust Advisors LP now owns 523,801 shares of the transportation company’s stock valued at $30,160,000 after buying an additional 138,949 shares in the last quarter. Finally, Great Lakes Advisors LLC bought a new position in shares of Knight-Swift Transportation in the second quarter valued at $8,790,000. Institutional investors and hedge funds own 88.77% of the company’s stock.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc (NYSE: KNX) is a transportation and logistics company that provides freight services across North America. Its operations include truckload transportation, less-than-truckload shipping, logistics and intermodal services, supporting the movement of consumer, industrial and other commercial goods.

The company operates a broad network of tractors, trailers, terminals and distribution facilities. Its truckload business provides dedicated and irregular-route services, while its less-than-truckload operations consolidate shipments from multiple customers.