Knight-Swift Transportation (NYSE:KNX) had its price target lowered by Deutsche Bank Aktiengesellschaft from $62.00 to $53.00 in a research note published on Friday morning, The Fly reports.
Other equities research analysts have also recently issued research reports about the stock. Credit Suisse Group increased their target price on shares of Knight-Swift Transportation from $41.00 to $47.00 and gave the stock a neutral rating in a research report on Thursday, July 23rd. JPMorgan Chase & Co. lowered shares of Knight-Swift Transportation from a neutral rating to an underweight rating and set a $35.00 price objective on the stock. in a report on Friday, October 9th. KCG decreased their price objective on shares of Knight-Swift Transportation from $60.00 to $53.00 and set a positive rating on the stock in a report on Thursday, October 22nd. Wells Fargo & Company increased their price objective on shares of Knight-Swift Transportation from $51.00 to $53.00 and gave the stock an overweight rating in a report on Thursday, October 22nd. Finally, KeyCorp increased their price objective on shares of Knight-Swift Transportation from $47.00 to $52.00 and gave the stock an overweight rating in a report on Thursday, July 23rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Knight-Swift Transportation presently has an average rating of Buy and an average target price of $49.06.
Shares of Knight-Swift Transportation stock opened at $39.41 on Friday. The stock has a market capitalization of $6.71 billion, a P/E ratio of 23.46, a price-to-earnings-growth ratio of 1.13 and a beta of 1.21. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.05. The company has a 50-day simple moving average of $41.86 and a 200 day simple moving average of $41.38. Knight-Swift Transportation has a 12-month low of $27.54 and a 12-month high of $47.44.
In related news, major shareholder Lyndee Moyes Nester sold 37,136 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $47.04, for a total value of $1,746,877.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Cary M. Flanagan sold 2,500 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $43.11, for a total transaction of $107,775.00. Following the completion of the sale, the chief accounting officer now owns 2,628 shares in the company, valued at $113,293.08. The disclosure for this sale can be found here. Insiders sold a total of 47,232 shares of company stock worth $2,206,280 over the last quarter. 27.50% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Signaturefd LLC raised its position in shares of Knight-Swift Transportation by 68.4% in the 2nd quarter. Signaturefd LLC now owns 1,359 shares of the transportation company’s stock valued at $57,000 after acquiring an additional 552 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Knight-Swift Transportation during the 2nd quarter worth approximately $71,000. Tobam acquired a new stake in Knight-Swift Transportation during the 2nd quarter worth approximately $94,000. Fifth Third Bancorp raised its holdings in Knight-Swift Transportation by 19.3% during the 2nd quarter. Fifth Third Bancorp now owns 2,386 shares of the transportation company’s stock worth $100,000 after buying an additional 386 shares during the period. Finally, NuWave Investment Management LLC acquired a new stake in Knight-Swift Transportation during the 3rd quarter worth approximately $112,000. Institutional investors and hedge funds own 84.35% of the company’s stock.
Knight-Swift Transportation Company Profile
Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation 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.
See Also: Earnings Per Share
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