Knight-Swift Transportation Holdings Inc. (KNX) shares are trading at higher $43.79 and the avg recommendation for the stock is Strong Buy. while the current analyst price target stands at $52.56.
To add more color to this target, the company’s high over the last year is $47.44 and the low is $27.54. Over the last 52 weeks, KNX is up 24.05% while the S&P 500 is up 13.33%. 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 $102.17 million. Knight-Swift Transportation Holdings Inc. also saw revenues increase to $1.06 billion. In addition, KNX has free cash flow of $123.72 million as of 06-2020. The company’s EBITDA came in at $102.17 million which compares well with its peers.
KNX booked profit margins of 6.30%, 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.
Find out when KNX reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.
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 15.14 and outstanding shares of 169.95M.
KNX has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 3.46 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 1.68. Knight-Swift Transportation Holdings Inc. KNX also noted assets of $8.14 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 7.55B and a float of 124.89M. 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.