JPMorgan Chase & Co. Boosts Knight-Swift Transportation (NYSE:KNX) Price Target to $84.00

Knight-Swift Transportation (NYSE:KNX) had its price objective increased by equities researchers at JPMorgan Chase & Co. from $77.00 to $84.00 in a report released on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 16.86% from the stock’s previous close.

Other analysts also recently issued reports about the company. UBS Group raised their target price on Knight-Swift Transportation from $79.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. The Goldman Sachs Group lifted their price objective on shares of Knight-Swift Transportation from $65.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Evercore raised Knight-Swift Transportation from an “in-line” rating to an “outperform” rating and set a $65.00 target price for the company in a research note on Friday, March 27th. Stephens raised Knight-Swift Transportation to a “strong-buy” rating in a research report on Wednesday, July 8th. Finally, Zacks Research upgraded shares of Knight-Swift Transportation from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $84.44.

Knight-Swift Transportation Price Performance

NYSE KNX traded down $4.16 during trading hours on Thursday, hitting $71.88. 5,519,201 shares of the company’s stock traded hands, compared to its average volume of 3,711,183. Knight-Swift Transportation has a 52-week low of $38.63 and a 52-week high of $82.86. The company has a market capitalization of $11.68 billion, a PE ratio of 342.85, a PEG ratio of 0.86 and a beta of 1.18. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.70 and a quick ratio of 0.70. The firm’s 50-day moving average is $75.45 and its 200-day moving average is $64.78.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.05 billion. Knight-Swift Transportation had a net margin of 0.45% and a return on equity of 2.94%. The business’s revenue was up 12.6% on a year-over-year basis. During the same period last year, the company posted $0.21 EPS. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. Equities analysts forecast that Knight-Swift Transportation will post 2.21 EPS for the current fiscal year.

Hedge Funds Weigh In On Knight-Swift Transportation

Several institutional investors have recently bought and sold shares of KNX. Blue Trust Inc. increased its stake in shares of Knight-Swift Transportation by 123.9% during the first quarter. Blue Trust Inc. now owns 544 shares of the transportation company’s stock worth $31,000 after acquiring an additional 301 shares during the period. Clearstead Advisors LLC lifted its holdings in shares of Knight-Swift Transportation by 134.6% in the 4th quarter. Clearstead Advisors LLC now owns 671 shares of the transportation company’s stock valued at $35,000 after buying an additional 385 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in shares of Knight-Swift Transportation by 1,478.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the transportation company’s stock valued at $35,000 after buying an additional 828 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Knight-Swift Transportation during the fourth quarter worth $39,000. Finally, Fifth Third Bancorp grew its holdings in Knight-Swift Transportation by 44.4% during the fourth quarter. Fifth Third Bancorp now owns 868 shares of the transportation company’s stock worth $45,000 after acquiring an additional 267 shares during the period. 88.77% of the stock is owned by institutional investors and hedge funds.

More Knight-Swift Transportation News

Here are the key news stories impacting Knight-Swift Transportation this week:

• Positive Sentiment: Knight-Swift beat second-quarter expectations, posting $0.63 EPS versus $0.51 expected and revenue of $2.10 billion versus $2.05 billion forecast, with revenue up 12.6% year over year. Q2 earnings release and conference call coverage
• Positive Sentiment: The company also lifted third-quarter 2026 EPS guidance to 0.710-0.770, above the consensus estimate of 0.670, which suggests management expects momentum to continue. BusinessWire earnings announcement
• Positive Sentiment: Analysts turned more constructive after earnings: Stifel raised its target to $88 from $85 and kept a buy rating, Susquehanna lifted its target to $96 from $90 with a positive rating, and TD Cowen increased its target to $86 from $82 with a buy rating. Benzinga analyst target updates
• Neutral Sentiment: Several follow-up articles and earnings call materials were published after the report, but they mainly reinforce the same earnings beat and outlook update rather than adding new catalysts. Earnings call transcript

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc (NYSE: KNX) is one of North America’s largest asset-based truckload carriers, offering a wide range of transportation and logistics services. The company was formed in 2017 through the merger of Knight Transportation and Swift Transportation, each with decades of experience in long-haul dry van and refrigerated freight. Since the merger, Knight-Swift has pursued a growth strategy that includes fleet expansions, targeted acquisitions, and investments in technology to enhance service reliability and network efficiency.

The company’s core business activities include full truckload operations for dry van, temperature-controlled and flatbed shipments.