Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Knight-Swift (KNX) Stock Price

Media stories about Knight-Swift (NYSE:KNX) have trended somewhat positive on Sunday, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Knight-Swift earned a news impact score of 0.04 on Accern’s scale. Accern also assigned news articles about the transportation company an impact score of 45.7258659471226 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the media stories that may have impacted Accern Sentiment’s scoring:

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Several equities research analysts have recently weighed in on KNX shares. UBS upped their price target on Knight-Swift from $57.00 to $62.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Buckingham Research upped their price target on Knight-Swift from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Zacks Investment Research upgraded Knight-Swift from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research report on Wednesday, January 31st. Knight Equity upped their price target on Knight-Swift to $55.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Finally, ValuEngine upgraded Knight-Swift from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Eight research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $50.74.

Shares of NYSE KNX traded down $0.26 during midday trading on Friday, hitting $42.94. 2,935,646 shares of the company’s stock were exchanged, compared to its average volume of 2,406,042. Knight-Swift has a 12-month low of $30.56 and a 12-month high of $51.94. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $7,697.77, a price-to-earnings ratio of 31.12, a PEG ratio of 1.28 and a beta of 1.69.

Knight-Swift (NYSE:KNX) last issued its quarterly earnings data on Tuesday, January 30th. The transportation company reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.13. Knight-Swift had a return on equity of 5.92% and a net margin of 12.58%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the firm earned $0.29 earnings per share. Knight-Swift’s revenue was up 370.2% on a year-over-year basis. analysts predict that Knight-Swift will post 2.26 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 27th. Stockholders of record on Thursday, March 1st were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Wednesday, February 28th. Knight-Swift’s payout ratio is 17.39%.

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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.

Insider Buying and Selling by Quarter for Knight-Swift (NYSE:KNX)

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