Knight-Swift (NYSE:KNX)‘s stock had its “hold” rating reiterated by equities researchers at Stifel Nicolaus in a report issued on Friday. They presently have a $48.00 price objective on the transportation company’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 10.07% from the company’s previous close.
Other research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Knight-Swift from a “buy” rating to a “hold” rating in a research report on Wednesday. Morgan Stanley lifted their price objective on shares of Knight-Swift from $50.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. Barclays raised shares of Knight-Swift from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $47.00 to $50.00 in a report on Thursday, February 1st. UBS lifted their price objective on shares of Knight-Swift from $57.00 to $62.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Finally, KeyCorp lifted their price objective on shares of Knight-Swift from $45.00 to $55.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. 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 company has an average rating of “Buy” and an average target price of $50.65.
KNX opened at $43.61 on Friday. The firm has a market cap of $7,770.82, a PE ratio of 33.60, a PEG ratio of 1.27 and a beta of 1.69. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.12. Knight-Swift has a one year low of $27.61 and a one year high of $51.94.
Institutional investors have recently bought and sold shares of the business. Caisse DE Depot ET Placement DU Quebec lifted its stake in Knight-Swift by 17.6% in the fourth 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 last quarter. Swiss National Bank lifted its stake in Knight-Swift by 8.8% in the fourth 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 last quarter. State of Tennessee Treasury Department bought a new stake in Knight-Swift in the fourth quarter worth $4,809,000. Amundi Pioneer Asset Management Inc. bought a new stake in Knight-Swift in the fourth quarter worth $10,345,000. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new stake in Knight-Swift in the third quarter worth $11,137,000. 80.39% of the stock is owned by institutional investors and hedge funds.
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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.
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