Knight-Swift Transportation Holdings Inc (NYSE:KNX) Given Average Rating of “Buy” by Analysts

Knight-Swift Transportation Holdings Inc (NYSE:KNX) has been assigned an average recommendation of “Buy” from the fifteen research firms that are currently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $43.20.

KNX has been the topic of a number of analyst reports. Citigroup reduced their price target on Cimarex Energy from $98.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday. ValuEngine upgraded Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research report on Sunday, June 30th. Stephens set a $112.00 target price on Genesee & Wyoming and gave the company a “hold” rating in a research report on Monday, July 1st. Finally, Morgan Stanley set a $36.00 target price on ArcBest and gave the company a “hold” rating in a research report on Monday, July 8th.

Shares of NYSE KNX traded up $1.17 during trading on Friday, reaching $36.98. The company had a trading volume of 3,164,223 shares, compared to its average volume of 2,089,108. The company has a fifty day simple moving average of $31.96. Knight-Swift Transportation has a 12 month low of $23.27 and a 12 month high of $39.12. The company has a market cap of $6.40 billion, a PE ratio of 14.45, a P/E/G ratio of 0.96 and a beta of 1.99. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.12.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. Knight-Swift Transportation had a return on equity of 8.69% and a net margin of 8.28%. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the company posted $0.44 EPS. The business’s revenue was down 5.2% on a year-over-year basis. As a group, sell-side analysts forecast that Knight-Swift Transportation will post 2.48 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Monday, June 3rd were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.24 annualized dividend and a dividend yield of 0.65%. Knight-Swift Transportation’s payout ratio is 9.38%.

Several institutional investors have recently made changes to their positions in the stock. FMR LLC boosted its holdings in Knight-Swift Transportation by 30.3% in the first quarter. FMR LLC now owns 16,940,629 shares of the transportation company’s stock worth $553,620,000 after acquiring an additional 3,944,181 shares in the last quarter. Wasatch Advisors Inc. boosted its holdings in Knight-Swift Transportation by 20.5% in the first quarter. Wasatch Advisors Inc. now owns 5,933,741 shares of the transportation company’s stock worth $193,915,000 after acquiring an additional 1,009,719 shares in the last quarter. Impala Asset Management LLC boosted its holdings in Knight-Swift Transportation by 4.5% in the first quarter. Impala Asset Management LLC now owns 3,100,720 shares of the transportation company’s stock worth $101,332,000 after acquiring an additional 133,971 shares in the last quarter. Frontier Capital Management Co. LLC boosted its holdings in Knight-Swift Transportation by 8.3% in the first quarter. Frontier Capital Management Co. LLC now owns 2,903,755 shares of the transportation company’s stock worth $94,895,000 after acquiring an additional 222,781 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Knight-Swift Transportation by 16.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,705,986 shares of the transportation company’s stock worth $67,842,000 after acquiring an additional 379,298 shares in the last quarter. Institutional investors own 83.02% of the company’s stock.

About Knight-Swift Transportation

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation 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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