Knight-Swift (NYSE:KNX) Receives a Higher Rating From Goldman Sachs. Will Other Analysts Follow Suit?

November 8, 2018 - By Margaret Downey

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Logo

Knight-Swift (NYSE:KNX) Stock Upgrade

In an analyst note shared with investors on Thursday morning, Goldman Sachs announced that they have decided to upgrade shares of Knight-Swift (NYSE:KNX) to a “Buy” from a “Neutral”. There is now a $48 TP on KNX’s stock.

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Ratings Coverage

Among 9 analysts covering Knight-Swift (NYSE:KNX), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. Knight-Swift has $55 highest and $37 lowest target. $44.38’s average target is 29.31% above currents $34.32 stock price. Knight-Swift had 12 analyst reports since May 21, 2018 according to SRatingsIntel. The stock has “Buy” rating by UBS on Thursday, July 26. The company was upgraded on Monday, May 21 by Stifel Nicolaus. The firm has “Outperform” rating given on Thursday, October 25 by Robert W. Baird. Credit Suisse maintained Knight-Swift Transportation Holdings Inc. (NYSE:KNX) rating on Thursday, July 26. Credit Suisse has “Neutral” rating and $37 target. The firm earned “Buy” rating on Thursday, July 26 by Stifel Nicolaus. The firm earned “Equal-Weight” rating on Monday, July 16 by Barclays Capital. KeyBanc Capital Markets maintained Knight-Swift Transportation Holdings Inc. (NYSE:KNX) rating on Thursday, July 26. KeyBanc Capital Markets has “Overweight” rating and $45 target. The rating was maintained by Morgan Stanley with “Overweight” on Thursday, July 26. The firm earned “Overweight” rating on Thursday, October 25 by KeyBanc Capital Markets. On Friday, October 12 the stock rating was maintained by Buckingham Research with “Buy”.

The stock increased 2.17% or $0.73 during the last trading session, reaching $34.32. About 3.23M shares traded or 34.64% up from the average. Knight-Swift Transportation Holdings Inc. (NYSE:KNX) has declined 11.07% since November 9, 2017 and is downtrending. It has underperformed by 26.69% the S&P500.

Knight-Swift Transportation Holdings Inc., together with its subsidiaries, provides truckload transportation and logistics services in North America. The company has market cap of $6.11 billion. The company's suite of services includes irregular route, dedicated, expedited, port drayage, and cross-border services in the United State/Mexico/Canada through dry van, refrigerated, flatbed and specialized trailers, and intermodal containers. It has a 8.99 P/E ratio. It also provides rail intermodal and non-asset based freight brokerage, and logistics management services; and sells various used trucks and trailers, as well as offers a range of financing options.

More important recent Knight-Swift Transportation Holdings Inc. (NYSE:KNX) news were published by: Streetinsider.com which released: “Knight Transportation (KNX) call put ratio 13 calls to 1 put with focus on November 35, December 35 and 40 calls” on November 08, 2018, also Benzinga.com published article titled: “Morgan Stanley Wonders: Where Is The Peak Trucking Season Demand?”, Benzinga.com published: “Knight-Swift Stock Has Room To Run After 3Q Earnings Beat” on October 25, 2018. More interesting news about Knight-Swift Transportation Holdings Inc. (NYSE:KNX) was released by: Benzinga.com and their article: “Benzinga’s Top Upgrades, Downgrades For November 8, 2018” with publication date: November 08, 2018.

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.