9 stories mentioning KNX
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Knight-Swift Transportation (KNX) shares were down almost 4% in Monday afternoon trading after Citigroup downgraded the stock to neutral from buy while raising the price target to $90 from $72.Trading volume stood at more than 2.8 million shares, compared with a daily average of about 3.9 million.Price: $78.31, Change: $-3.23, Percent Change: -3.96%
Knight-Swift Transportation Holdings (KNX) has an average rating of overweight and mean price target of $75.56, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Knight-Swift Transportation (KNX) could benefit from tighter trucking supply, higher freight rates, stricter broker checks, and stronger pricing over the next two years, UBS Securities said in a note Monday.A recent Supreme Court ruling in the Montgomery case could increase broker liability in accident claims and drive insurance costs significantly higher, the brokerage said.UBS said smaller brokers may exit the market, while shippers and brokers could adopt stricter safety-based carrier screening, reducing reliance on smaller or lower-rated carriers. These changes could favor large asset-based truckload carriers such as Knight-Swift, which may gain market share and secure higher rates.The investment firm raised its 2026 truckload spot rate forecast to 26% growth from 21% and now expects Knight-Swift's realized pricing to rise 23% in 2027 versus 2025.UBS kept its buy rating on Knight-Swift and lifted its price target to $94 from $79, saying the stock remains its preferred way to benefit from rising truckload rates and raising its 2027 earnings estimate to $4.70 per share from $4.15.Price: $77.27, Change: $+1.64, Percent Change: +2.17%
Knight-Swift Transportation Holdings (KNX) has an average rating of overweight and mean price target of $74.50, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $73.30, Change: $-0.89, Percent Change: -1.21%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our 12-month price target by $13 to $47, using a forward P/E of 15.6x our 2027 EPS estimate, a premium to the five-year historical average, as an EPS and market recovery more than offset weak margins and macroeconomic uncertainty. We raise our 2026 EPS estimate by $0.10 to $1.76 and our 2027 estimate by $0.57 to $3.02. KNX has demonstrated operational progress through seven straight quarters of improving tractor utilization, meaningful cost structure improvements, and advantages from its scale and diversified brand platform. However, the stock's valuation appears stretched, at 46% above its five-year average forward P/E multiple. This premium seems difficult to justify given Q1's weak performance: earnings declined Y/Y, margins remained weak, and revenue grew just 1%. While we anticipate strong EPS growth in 2026-2027, this largely represents a rebound from depressed levels rather than expansion into new territory, and we do not foresee earnings returning to the peak 2021-2022 levels in the near term.
Knight-Swift Transportation (KNX) is expected to benefit from a stronger-than-anticipated truckload pricing environment, UBS Securities said in a report Thursday."The step up in KNX's expectation for contract rates from aprior view of low single to mid single digits to a new range of high single to low double digits was a larger move up than we expected," the report said.The note said KNX is on track to realize some 10% contract rate increases in the bid season, translating to an about 6% realized pricing for full year 2026, based on the 20% rise in Q1 spot rates and broker commentary of contract rates in March."We believe it is early in the truckload pricing cycle and there is attractive runway for KNX stock," the report said.UBS raised its price target to $79 from $66 and kept its buy call.Price: $66.97, Change: $+2.99, Percent Change: +4.67%
Knight-Swift Transportation Holdings (KNX) has an average rating of overweight and mean price target of $71.59, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $66.43, Change: $+2.45, Percent Change: +3.82%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:KNX reported Q1 operating EPS of $0.09 vs. $0.28 prior year, missing consensus by $0.07 for the third consecutive quarter. Sales rose 1% Y/Y to $1.85B, $8M below consensus estimates. The company faces fundamental challenges, including carrier failures, wage pressures, and contractual pricing resets in structurally challenged markets. Management noted progressive improvement throughout Q1 as freight markets tightened. Consolidated adjusted operating ratio deteriorated 230 bps Y/Y to 97.0%, with Truckload's ratio falling 70 bps to 96.3% despite 1.4% improvement in revenue per loaded mile, hampered by 1.8% decline in loaded miles and weather disruptions. Less-than-Truckload's operating ratio deteriorated 540 bps to 99.6%, primarily from $18M adverse claims development, though excluding this impact, the segment showed operational progress, with tonnage per day up 4.1% and weight per shipment increasing 5.2%. Logistics revenue declined 9.9% Y/Y, with compressed margins from capacity constraints.
Knight-Swift Transportation (KNX) reported Q1 adjusted earnings late Wednesday of $0.09 per diluted share, down from $0.28 a year earlier.One analyst polled by FactSet expected $0.09.Revenue in the three months ended March 31 rose to $1.85 billion from $1.82 billion a year earlier.One analyst surveyed by FactSet expected $1.85 billion.The company expects Q2 adjusted EPS of $0.45 to $0.49. Analysts project $0.47.The company's shares fell 1.8% in after-hours trading.