The Knight-Swift Transportation Holdings Inc. (KNX) shares are trading at lower $41.76 and the avg recommendation for the stock is Strong Buy. while the current analyst price target stands at $45.31.
To add more color to this target, the company’s high over the last year is $44.71 and the low is $27.54. Over the last 52 weeks, KNX is down -6.60% while the S&P 500 is down -0.87%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, KNX reported a profit of $102.12 million. Knight-Swift Transportation Holdings Inc. also saw revenues increase to $1.12 billion. In addition, KNX has free cash flow of $45.56 million as of 03-2020. The company’s EBITDA came in at $102.12 million which compares well with its peers.
KNX booked profit margins of 6.00%, its Return on Equity (ROE) is 5.10%, and its Return on Assets is 3.50%. All told, it is clear that, KNX needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. KNX has a short ratio of 14.09 and outstanding shares of 170.62M.
KNX has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.68 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 1.67. Knight-Swift Transportation Holdings Inc. KNX also noted assets of $8.29 billion at the end of the last quarter. Investors should also keep an eye on sector updates as KNX has historically followed its peers on positive news.
All told, Knight-Swift Transportation Holdings Inc. KNX has strung together solid data and demonstrated underlying fundamentals. At its current valuation, KNX represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Knight-Swift Transportation Holdings Inc. KNX is now commanding a market cap of 7.11B and a float of 124.50M. KNX is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of KNX stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in KNX, either long or short, and we have not been compensated for this article.