Knight-Swift Transportation Holdings Inc. (KNX) shares are trading at lower $40.86 and the avg recommendation for the stock is Strong Buy, while the current analyst price target stands at $51.67.
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 8.67% while the S&P 500 is up 15.47%. 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 $165.46 million. Knight-Swift Transportation Holdings Inc. also saw revenues increase to $1.21 billion. In addition, KNX has free cash flow of $276.32 million as of 09-2020. The company’s EBITDA came in at $292.6 million which compares well with its peers.
KNX booked profit margins of 7.30%, its Return on Equity (ROE) is 5.80%, and its Return on Assets is 4.00%. 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 1.83 and outstanding shares of 170.21M.
KNX has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 2.34 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 1.96. Knight-Swift Transportation Holdings Inc. KNX also noted assets of $8.38 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 6.95B and a float of 155.08M. 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.