Knight-Swift Transportation (NYSE:KNX) Price Target Raised to $96.00

Knight-Swift Transportation (NYSE:KNX) had its price target upped by Susquehanna from $90.00 to $96.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a positive rating on the transportation company’s stock.

KNX has been the topic of a number of other research reports. UBS Group lifted their price target on shares of Knight-Swift Transportation from $79.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Zacks Research upgraded Knight-Swift Transportation from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Stephens raised Knight-Swift Transportation to a “strong-buy” rating in a research report on Wednesday, July 8th. Barclays lifted their target price on Knight-Swift Transportation from $75.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. Finally, Citizens Jmp assumed coverage on Knight-Swift Transportation in a research report on Wednesday, July 15th. They issued a “market outperform” rating and a $90.00 price target on the stock. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Knight-Swift Transportation currently has a consensus rating of “Buy” and a consensus target price of $84.44.

Knight-Swift Transportation Stock Up 0.1%

NYSE:KNX opened at $72.40 on Thursday. The firm’s 50 day simple moving average is $75.60 and its 200 day simple moving average is $64.97. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.88 and a quick ratio of 0.70. Knight-Swift Transportation has a one year low of $38.63 and a one year high of $82.86. The company has a market cap of $11.76 billion, a PE ratio of 278.48, a P/E/G ratio of 0.78 and a beta of 1.18.

Knight-Swift Transportation (NYSE:KNX) last posted 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. Knight-Swift Transportation had a net margin of 0.56% and a return on equity of 3.51%. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same period in the previous year, the firm posted $0.21 EPS. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. On average, research analysts anticipate that Knight-Swift Transportation will post 2.42 earnings per share for the current year.

Knight-Swift Transportation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Monday, June 8th were given a $0.20 dividend. The ex-dividend date was Monday, June 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. Knight-Swift Transportation’s payout ratio is 307.69%.

Institutional Investors Weigh In On Knight-Swift Transportation

Large investors have recently modified their holdings of the company. Wellington Management Group LLP raised its stake in Knight-Swift Transportation by 23.6% during the fourth quarter. Wellington Management Group LLP now owns 12,918,523 shares of the transportation company’s stock worth $675,380,000 after buying an additional 2,468,293 shares during the last quarter. Invesco Ltd. lifted its holdings in Knight-Swift Transportation by 513.6% in the fourth quarter. Invesco Ltd. now owns 2,416,865 shares of the transportation company’s stock valued at $126,354,000 after buying an additional 2,022,996 shares during the period. Norges Bank bought a new stake in Knight-Swift Transportation during the fourth quarter valued at $92,070,000. Balyasny Asset Management L.P. boosted its position in Knight-Swift Transportation by 269.7% during the third quarter. Balyasny Asset Management L.P. now owns 2,231,439 shares of the transportation company’s stock valued at $88,164,000 after acquiring an additional 1,627,791 shares during the last quarter. Finally, Pzena Investment Management LLC bought a new stake in Knight-Swift Transportation during the fourth quarter valued at $66,151,000. 88.77% of the stock is currently owned by institutional investors and hedge funds.

Key Knight-Swift Transportation News

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

• Positive Sentiment: KNX beat Q2 estimates, reporting $0.63 EPS versus $0.49-$0.51 expected, with revenue of $2.10 billion topping forecasts of about $2.05 billion. Article: Knight-Swift Transportation Holdings (KNX) Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Margins improved as truckload pricing, network efficiency and intermodal growth helped drive profitability, with truckload EBIT and EPS showing sharp year-over-year gains. Article: Knight-Swift Q2 Earnings Beat Estimates on Truckload Margin Gains
• Positive Sentiment: Several firms raised price targets after the report, including Bank of America, Stifel, Susquehanna, TD Cowen and JPMorgan, signaling improved sentiment toward KNX. Article: Analyst price target updates
• Positive Sentiment: KNX was also added to Zacks’ Rank #1 “Strong Buy” growth list, which may support investor confidence in the stock. Article: Best Growth Stocks to Buy for July 24th
• Neutral Sentiment: Market commentary notes the stock is falling today after the earnings release, likely reflecting a “buy the rumor, sell the news” reaction or investor concern about whether the strong quarter can be sustained. Article: Why Knight-Swift Transportation (KNX) stock is falling today

About Knight-Swift Transportation

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.