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Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Given Average Rating of "Buy" by Brokerages – MarketBeat


Knight-Swift Transportation Holdings Inc. (NYSE:KNX) has earned a consensus recommendation of “Buy” from the twenty-two ratings firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $61.64.

A number of research analysts have recently commented on KNX shares. UBS Group upgraded shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and upped their price target for the stock from $51.00 to $65.00 in a report on Monday, October 25th. They noted that the move was a valuation call. Stifel Europe upped their price target on shares of Knight-Swift Transportation from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, December 6th. Robert W. Baird upped their price target on shares of Knight-Swift Transportation from $57.00 to $65.00 and gave the stock an “outperform” rating in a report on Thursday, October 21st. Zacks Investment Research upgraded shares of Knight-Swift Transportation from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a report on Tuesday, October 19th. Finally, Citigroup increased their target price on shares of Knight-Swift Transportation from $61.00 to $64.00 and gave the stock a “neutral” rating in a report on Tuesday, December 7th.

In other Knight-Swift Transportation news, VP Michael K. Liu sold 1,663 shares of the firm’s stock in a transaction that occurred on Wednesday, November 3rd. The shares were sold at an average price of $59.15, for a total transaction of $98,366.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Kevin P. Knight sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 3rd. The stock was sold at an average price of $58.00, for a total transaction of $2,900,000.00. The disclosure for this sale can be found here. Insiders sold a total of 189,939 shares of company stock valued at $11,301,645 over the last ninety days. 27.50% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of KNX. Oregon Public Employees Retirement Fund grew its stake in shares of Knight-Swift Transportation by 3.1% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 114,313 shares of the transportation company’s stock worth $5,847,000 after purchasing an additional 3,456 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Knight-Swift Transportation by 2.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 984,729 shares of the transportation company’s stock worth $44,766,000 after purchasing an additional 27,815 shares during the period. Redwood Investment Management LLC acquired a new stake in shares of Knight-Swift Transportation during the 2nd quarter worth approximately $1,157,000. Natixis Advisors L.P. grew its stake in shares of Knight-Swift Transportation by 8.7% during the 2nd quarter. Natixis Advisors L.P. now owns 22,060 shares of the transportation company’s stock worth $1,003,000 after purchasing an additional 1,767 shares during the period. Finally, Independent Advisor Alliance acquired a new stake in shares of Knight-Swift Transportation during the 3rd quarter worth approximately $243,000. 87.53% of the stock is owned by institutional investors.

Shares of NYSE KNX traded down $0.79 during mid-day trading on Friday, hitting $55.60. The company had a trading volume of 1,236,791 shares, compared to its average volume of 1,315,921. Knight-Swift Transportation has a one year low of $39.17 and a one year high of $62.29. The company has a market capitalization of $9.23 billion, a PE ratio of 14.79, a price-to-earnings-growth ratio of 0.76 and a beta of 1.28. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.28. The firm has a 50-day simple moving average of $58.78 and a two-hundred day simple moving average of $54.17.

Knight-Swift Transportation (NYSE:KNX) last announced its earnings results on Tuesday, October 19th. The transportation company reported $1.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.23. The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.51 billion. Knight-Swift Transportation had a net margin of 11.56% and a return on equity of 11.20%. The business’s revenue for the quarter was up 35.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.79 earnings per share. Sell-side analysts expect that Knight-Swift Transportation will post 4.54 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 27th. Investors of record on Friday, December 3rd were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend was Thursday, December 2nd. Knight-Swift Transportation’s payout ratio is currently 10.64%.

About Knight-Swift Transportation

Knight-Swift Transportation Holdings, Inc engages in the provision of multiple truckload transportation and logistics services. It operates through the following business segments: Trucking, Logistics, and Intermodal. The Trucking segment comprises irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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