Knight-Swift Transportation (NYSE:KNX) was downgraded by funding analysts at Bank of America from a “purchase” score to a “impartial” score in a report issued on Monday, Analyst Scores Community stories.
Different equities analysis analysts additionally lately issued stories concerning the stock. Deutsche Bank Aktiengesellschaft dropped their price goal on shares of Knight-Swift Transportation from $62.00 to $53.00 in a report on Friday, October 23rd. Barclays raised their price goal on Knight-Swift Transportation from $52.00 to $54.00 in a report on Friday, October 16th. Cowen raised their price goal on Knight-Swift Transportation from $45.00 to $47.00 and gave the corporate a “market carry out” score in a report on Thursday, October 22nd. Morgan Stanley raised their price goal on Knight-Swift Transportation from $55.00 to $60.00 and gave the corporate an “chubby” score in a report on Thursday, October 22nd. Lastly, ValuEngine downgraded Knight-Swift Transportation from a “maintain” score to a “promote” score in a report on Saturday, October 17th. Two equities analysis analysts have rated the stock with a promote score, 4 have issued a maintain score, eleven have assigned a purchase score and one has given a powerful purchase score to the stock. Knight-Swift Transportation has a consensus score of “Purchase” and a consensus goal price of $49.06.
NYSE:KNX traded down $0.60 throughout buying and selling hours on Monday, hitting $41.43. The stock had a buying and selling quantity of 41,753 shares, in comparison with its common quantity of two,425,360. The enterprise’s 50 day shifting common is $40.04 and its 200-day shifting common is $41.81. The corporate has a debt-to-equity ratio of 0.04, a fast ratio of 0.85 and a present ratio of 0.79. Knight-Swift Transportation has a one yr low of $27.54 and a one yr excessive of $47.44. The corporate has a market cap of $7.14 billion, a price-to-earnings ratio of 21.49, a P/E/G ratio of 0.93 and a beta of 1.27.
Knight-Swift Transportation (NYSE:KNX) final launched its earnings outcomes on Wednesday, October 21st. The transportation firm reported $0.79 EPS for the quarter, beating the consensus estimate of $0.63 by $0.16. Knight-Swift Transportation had a web margin of seven.30% and a return on fairness of 6.97%. The agency had income of $1.21 billion for the quarter, in comparison with analyst estimates of $1.17 billion. Throughout the identical interval final yr, the agency earned $0.48 EPS. The enterprise’s quarterly income was up .8% in comparison with the identical quarter final yr. On common, sell-side analysts anticipate that Knight-Swift Transportation will publish 2.7 EPS for the present fiscal yr.
In different information, Director Michael Garnreiter bought 5,00Zero shares of Knight-Swift Transportation stock in a transaction dated Wednesday, September ninth. The stock was bought at a mean price of $47.25, for a complete transaction of $236,250.00. Following the transaction, the director now instantly owns 9,318 shares of the corporate’s stock, valued at roughly $440,275.50. The transaction was disclosed in a authorized submitting with the SEC, which might be accessed by this hyperlink. 27.50% of the stock is owned by insiders.
A variety of hedge funds and different institutional buyers have lately purchased and bought shares of the stock. Sawtooth Options LLC elevated its place in shares of Knight-Swift Transportation by 69.5% throughout the third quarter. Sawtooth Options LLC now owns 13,247 shares of the transportation firm’s stock valued at $539,00Zero after buying a further 5,431 shares over the last quarter. Bourgeon Capital Administration LLC purchased a brand new place in Knight-Swift Transportation within the third quarter valued at $1,343,000. Engineers Gate Supervisor LP purchased a brand new place in Knight-Swift Transportation within the 2nd quarter valued at $304,000. Aperio Group LLC grew its place in Knight-Swift Transportation by 26.3% within the third quarter. Aperio Group LLC now owns 99,627 shares of the transportation firm’s stock valued at $4,055,00Zero after buying a further 20,718 shares over the last quarter. Lastly, Nuveen Asset Administration LLC grew its place in Knight-Swift Transportation by 6.8% within the 2nd quarter. Nuveen Asset Administration LLC now owns 631,224 shares of the transportation firm’s stock valued at $26,328,00Zero after buying a further 40,043 shares over the last quarter. 84.35% of the stock is at present owned by institutional buyers.
Knight-Swift Transportation Firm Profile
Knight-Swift Transportation Holdings Inc, along with its subsidiaries, offers truckload transportation companies in america and Mexico. The corporate operates by three segments: Trucking, Logistics, and Intermodal. Its trucking companies embody irregular route, devoted, refrigerated, flatbed, expedited, dry van, drayage, and cross-border transportation of varied merchandise, items, and supplies.
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