Knight-Swift Transportation (NYSE:KNX) Price Target Lowered to $55.00 at Wells Fargo & Company

Knight-Swift Transportation (NYSE:KNX) had its price objective decreased by investment analysts at Wells Fargo & Company from $65.00 to $55.00 in a research report issued to clients and investors on Thursday, March 27th,Benzinga reports. The brokerage presently has an “overweight” rating on the transportation company’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 34.94% from the stock’s current price.

A number of other analysts also recently issued reports on KNX. Benchmark assumed coverage on Knight-Swift Transportation in a research note on Tuesday, March 4th. They issued a “buy” rating and a $63.00 price objective on the stock. Citigroup upgraded shares of Knight-Swift Transportation from a “sell” rating to a “neutral” rating and set a $53.00 price objective for the company in a research report on Monday, March 10th. StockNews.com upgraded shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research report on Thursday, January 23rd. Susquehanna reduced their price objective on Knight-Swift Transportation from $67.00 to $54.00 and set a “positive” rating on the stock in a research note on Wednesday, March 26th. Finally, The Goldman Sachs Group boosted their target price on Knight-Swift Transportation from $45.00 to $51.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $57.24.

Knight-Swift Transportation Price Performance

Shares of Knight-Swift Transportation stock traded down $4.25 during trading hours on Thursday, hitting $40.76. The company’s stock had a trading volume of 1,231,396 shares, compared to its average volume of 2,217,704. The company has a market cap of $6.60 billion, a PE ratio of 55.84 and a beta of 0.97. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 0.85. Knight-Swift Transportation has a 12-month low of $40.55 and a 12-month high of $61.51. The business has a 50 day moving average price of $50.56 and a two-hundred day moving average price of $52.98.

Knight-Swift Transportation (NYSE:KNX) last posted its earnings results on Wednesday, January 22nd. The transportation company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. Analysts expect that Knight-Swift Transportation will post 2.13 earnings per share for the current fiscal year.

Insider Activity at Knight-Swift Transportation

In related news, Director Douglas L. Col purchased 5,000 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were acquired at an average price of $45.37 per share, for a total transaction of $226,850.00. Following the purchase, the director now owns 5,000 shares of the company’s stock, valued at $226,850. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Knight-Swift Transportation

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Knight-Swift Transportation in the fourth quarter valued at about $240,000. Siemens Fonds Invest GmbH purchased a new stake in Knight-Swift Transportation in the fourth quarter valued at approximately $497,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Knight-Swift Transportation in the 4th quarter worth approximately $2,796,000. Toronto Dominion Bank raised its position in Knight-Swift Transportation by 3.7% during the 4th quarter. Toronto Dominion Bank now owns 21,143 shares of the transportation company’s stock worth $1,121,000 after buying an additional 759 shares during the last quarter. Finally, Castleark Management LLC acquired a new stake in Knight-Swift Transportation during the 4th quarter valued at approximately $247,000. Hedge funds and other institutional investors own 88.77% of the company’s stock.

About Knight-Swift Transportation

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.