Evercore ISI lowers price target for Knight-Swift Transportation, maintains “in-line” rating in recent report
October 11, 2024
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KNIGHT-SWIFT ($NYSE:KNX): Knight-Swift Transportation is a leading transportation and logistics company that provides a wide range of trucking services across North America. Since then, Knight-Swift has been one of the top players in the trucking industry, with a strong track record of delivering reliable and efficient transportation solutions.
However, in a recent report, Evercore ISI, a prominent investment research and advisory firm, has lowered its price target for Knight-Swift Transportation. The decision to lower the price target for Knight-Swift comes amid a challenging environment for the trucking industry. Rising fuel costs, driver shortages, and increasing competition from new entrants have put pressure on the company’s financials. Despite these challenges, Knight-Swift has been able to maintain its position as a leading player in the trucking industry. The company has continued to invest in new technology and equipment to improve its operational efficiency and offer better services to its customers. Moreover, Knight-Swift’s diverse portfolio of services, including dry van, refrigerated, and dedicated trucking, has helped it to mitigate the impact of market fluctuations. While the lowered price target may be a cause for concern for investors, it is important to note that the rating is still positive. The firm believes that Knight-Swift has the potential to weather the current market conditions and emerge stronger in the long run. In conclusion, while the recent report by Evercore ISI may have caused a slight drop in Knight-Swift’s stock price, the company’s strategic investments and strong market position indicate a promising future. With its “in-line” rating and continued efforts to adapt to the changing market dynamics, Knight-Swift Transportation remains a solid choice for investors looking to capitalize on the growth potential of the trucking industry.
Stock Price
Despite this decrease, they have maintained their “in-line” rating for the company. This development comes after KNIGHT-SWIFT TRANSPORTATION stock opened at $53.89 and closed at $54.05 on Friday, showing a 2.52% increase from the previous closing price of $52.72. According to Evercore ISI, the new price target for KNIGHT-SWIFT TRANSPORTATION is now set at a lower value compared to their previous target.
However, they have maintained their “in-line” rating for the company, which suggests that they still see potential for the stock to perform in line with the overall market. This news may come as a disappointment for investors who were hoping for a higher price target for Knight-Swift Transportation. However, it is worth noting that the stock still showed a positive performance on Friday, indicating that there is still confidence in the company’s potential. The lowered price target could be attributed to various factors such as industry trends, company performance, and market conditions. This could be an encouraging sign for investors, especially in a volatile market where stability and consistency are highly valued. Overall, while the lowered price target may have caused some concern, Knight-Swift Transportation’s performance on Friday and Evercore ISI’s “in-line” rating may indicate that there is still room for growth and potential in the company. It will be interesting to see how the stock will perform in the coming days and how investors will react to this recent development. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Knight-swift Transportation. More…
| Total Revenues | Net Income | Net Margin |
| 7.14k | 217.15 | 3.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Knight-swift Transportation. More…
| Operations | Investing | Financing |
| 1.21k | -646.18 | -754.35 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Knight-swift Transportation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 12.87k | 5.77k | 43.92 |
Key Ratios Snapshot
Some of the financial key ratios for Knight-swift Transportation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.2% | -15.8% | 5.6% |
| FCF Margin | ROE | ROA |
| 0.7% | 3.5% | 1.9% |
Analysis
Based on my analysis of KNIGHT-SWIFT TRANSPORTATION‘s financials, I have determined that the company is strong in its dividend payouts, medium in growth and profitability, and weak in asset management. This can be seen on the Star Chart, which shows the company’s strengths and weaknesses in these areas. KNIGHT-SWIFT TRANSPORTATION is classified as a ‘cow’ company, meaning it has a track record of consistently and sustainably paying out dividends. This makes it an attractive choice for investors who are looking for a steady stream of income from their investments. In terms of its financial health, KNIGHT-SWIFT TRANSPORTATION has a high score of 8/10. This is due to its strong cash flows and manageable level of debt, which means the company is well-equipped to weather any potential crises without the risk of bankruptcy. This makes it a stable and reliable investment choice for risk-averse investors. Overall, KNIGHT-SWIFT TRANSPORTATION may appeal to investors who prioritize receiving consistent dividends and are less concerned with high growth potential. Its strong financial health also makes it a safe option for those looking for a stable and secure investment. However, investors who are seeking rapid growth or companies with a strong asset base may not find KNIGHT-SWIFT TRANSPORTATION as attractive. More…
Peers
Knight-Swift Transportation Holdings Inc is one of the largest trucking companies in the United States. It has a large fleet of trucks and trailers, and a network of terminals and warehouses across the country. The company’s main competitors are Werner Enterprises Inc, ArcBest Corp, and U.S. Xpress Enterprises Inc.
– Werner Enterprises Inc ($NASDAQ:WERN)
Werner Enterprises Inc is a transportation and logistics company that provides truckload, dedicated, intermodal and logistics services. It has a market cap of 2.46B as of 2022 and a Return on Equity of 20.57%. The company was founded in 1956 and is headquartered in Omaha, Nebraska.
– ArcBest Corp ($NASDAQ:ARCB)
ArcBest Corporation is an American holding company headquartered in Fort Smith, Arkansas. Its common stock trades on the Nasdaq Global Select Market under the symbol “ARCB.” The company operates through four divisions: Asset-Based, less-than-truckload (LTL), Truckload Logistics (TL) and International. ArcBest provides freight transportation services and solutions throughout the United States, Canada and Mexico. The company has a wide range of customers, including retailers, manufacturers, raw materials producers, energy companies and the military.
– U.S. Xpress Enterprises Inc ($NYSE:USX)
U.S. Xpress Enterprises Inc is a leading provider of transportation and logistics services. The company has a market cap of 123.02M as of 2022 and a Return on Equity of 2.37%. The company offers a wide range of services including truckload, intermodal, dedicated, and logistics. The company has a strong presence in the United States and Canada.
Summary
Evercore ISI lowered their price target for Knight-Swift Transportation from $55.00 to $49.00 and gave it an “in-line” rating. This indicates that they believe the stock will perform in line with the overall market. The company has been underperforming, with declining revenue and operating income in recent quarters.
However, the trucking industry as a whole has been facing challenges due to rising labor and fuel costs. Investors should carefully consider these factors before making a decision to invest in Knight-Swift Transportation.
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