Knight-Swift (KNX) Upgraded to Strong-Buy at ValuEngine

ValuEngine upgraded shares of Knight-Swift (NYSE:KNX) from a buy rating to a strong-buy rating in a research note published on Monday.

Other analysts also recently issued reports about the stock. UBS increased their price objective on shares of Knight-Swift from $57.00 to $62.00 and gave the company a buy rating in a research report on Wednesday, January 31st. Buckingham Research upped their target price on shares of Knight-Swift from $57.00 to $60.00 and gave the company a buy rating in a research note on Wednesday, January 31st. Zacks Investment Research upgraded shares of Knight-Swift from a hold rating to a buy rating and set a $52.00 target price on the stock in a research note on Wednesday, January 31st. Knight Equity upped their target price on shares of Knight-Swift to $55.00 and gave the company a buy rating in a research note on Thursday, January 18th. Finally, Barclays upgraded shares of Knight-Swift from an underweight rating to an equal weight rating and upped their target price for the company from $50.00 to $55.00 in a research note on Monday, February 5th. Seven analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $49.60.

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Shares of KNX stock opened at $45.18 on Monday. Knight-Swift has a one year low of $27.61 and a one year high of $51.94. The stock has a market cap of $8,184.22, a P/E ratio of 35.39, a PEG ratio of 1.34 and a beta of 1.69. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.12.

Knight-Swift (NYSE:KNX) last announced its quarterly earnings data on Tuesday, January 30th. The transportation company reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.13. Knight-Swift had a net margin of 12.58% and a return on equity of 5.92%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the prior year, the firm posted $0.29 EPS. Knight-Swift’s revenue for the quarter was up 370.2% on a year-over-year basis. analysts forecast that Knight-Swift will post 2.29 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 27th. Stockholders of record on Thursday, March 1st were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Wednesday, February 28th. Knight-Swift’s dividend payout ratio (DPR) is presently 17.39%.

Large investors have recently modified their holdings of the company. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Knight-Swift by 17.6% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 56,209 shares of the transportation company’s stock worth $2,457,000 after purchasing an additional 8,400 shares during the period. Swiss National Bank lifted its stake in shares of Knight-Swift by 8.8% in the 4th quarter. Swiss National Bank now owns 490,696 shares of the transportation company’s stock worth $21,453,000 after purchasing an additional 39,500 shares during the period. State of Tennessee Treasury Department bought a new position in shares of Knight-Swift in the 4th quarter worth approximately $4,809,000. Amundi Pioneer Asset Management Inc. bought a new position in shares of Knight-Swift in the 4th quarter worth approximately $10,345,000. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of Knight-Swift in the 3rd quarter worth approximately $11,137,000. Hedge funds and other institutional investors own 80.39% of the company’s stock.

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Knight-Swift Company Profile

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

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Knight-Swift (NYSE:KNX)

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