Knight-Swift (KNX) Rating Reiterated by Stifel Nicolaus

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.

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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.

Knight-Swift (NYSE:KNX) last released its quarterly earnings results on Tuesday, January 30th. The transportation company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.13. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.36 billion. Knight-Swift had a net margin of 12.58% and a return on equity of 5.92%. The business’s revenue for the quarter was up 370.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.29 EPS. sell-side analysts forecast that Knight-Swift will post 2.28 EPS for the current fiscal year.

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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About Knight-Swift

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.

Analyst Recommendations for Knight-Swift (NYSE:KNX)

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