JPMorgan Chase & Co. Issues Pessimistic Forecast for Knight-Swift Transportation (NYSE:KNX) Stock Price

Knight-Swift Transportation (NYSE:KNX) had its price objective cut by equities researchers at JPMorgan Chase & Co. from $84.00 to $68.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 5.05% from the stock’s current price.

A number of other research firms have also commented on KNX. Susquehanna lowered their target price on shares of Knight-Swift Transportation from $96.00 to $85.00 and set a “positive” rating for the company in a report on Friday, October 2nd. Citigroup reissued a “market outperform” rating on shares of Knight-Swift Transportation in a research note on Wednesday, August 26th. Stifel Nicolaus raised their price target on Knight-Swift Transportation from $85.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Morgan Stanley set a $90.00 price target on Knight-Swift Transportation in a research report on Wednesday, September 2nd. Finally, Zacks Research cut Knight-Swift Transportation from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $83.89.

Knight-Swift Transportation Stock Performance

Knight-Swift Transportation stock opened at $64.73 on Monday. The company has a market cap of $10.54 billion, a PE ratio of 248.97, a PEG ratio of 0.54 and a beta of 1.21. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.32. Knight-Swift Transportation has a 1 year low of $41.24 and a 1 year high of $82.86. The company’s 50-day moving average is $68.51 and its two-hundred day moving average is $68.96.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.51 by $0.12. The company 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%. Knight-Swift Transportation’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.21 EPS. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. Equities analysts anticipate that Knight-Swift Transportation will post 2.49 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director David Vander Ploeg sold 2,200 shares of the company’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $52.33, for a total value of $115,126.00. Following the completion of the sale, the director owned 30,252 shares in the company, valued at $1,583,087.16. This represents a 6.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Cary M. Flanagan sold 3,600 shares of the company’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $70.82, for a total transaction of $254,952.00. Following the completion of the sale, the chief accounting officer owned 5,405 shares of the company’s stock, valued at approximately $382,782.10. This represents a 39.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 224,954 shares of company stock worth $16,183,454. Company insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KNX. Public Employees Retirement System of Ohio acquired a new position in shares of Knight-Swift Transportation in the 2nd quarter valued at approximately $3,811,000. California Public Employees Retirement System increased its stake in Knight-Swift Transportation by 3.1% during the 1st quarter. California Public Employees Retirement System now owns 291,883 shares of the transportation company’s stock worth $16,807,000 after purchasing an additional 8,653 shares in the last quarter. First Trust Advisors LP raised its holdings in Knight-Swift Transportation by 36.1% during the 1st quarter. First Trust Advisors LP now owns 523,801 shares of the transportation company’s stock worth $30,160,000 after buying an additional 138,949 shares during the period. Great Lakes Advisors LLC acquired a new stake in Knight-Swift Transportation during the 2nd quarter worth approximately $8,790,000. Finally, Engineers Gate Manager LP lifted its stake in Knight-Swift Transportation by 54.3% in the second quarter. Engineers Gate Manager LP now owns 175,244 shares of the transportation company’s stock valued at $13,646,000 after buying an additional 61,706 shares in the last quarter. 88.77% of the stock is owned by institutional investors and hedge funds.

About Knight-Swift Transportation

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.