Market Analysts see Knight-Swift Transportation Holdings Inc. [KNX] gaining to $35. Time to buy?
ByAnnabelle FarmerOctober 13, 2020 Share
October 13, 2020
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Knight-Swift Transportation Holdings Inc. [NYSE: KNX] stock went on an upward path that rose over 0.22% on Monday, amounting to a one-week price decrease of less than -4.52%. The company report on October 1, 2020 that Knight-Swift Transportation Holdings Inc. Announces Timing of Third Quarter 2020 Earnings Release.
Knight-Swift Transportation Holdings Inc. (NYSE: KNX) expects to release its 2020 third quarter earnings on Wednesday, October 21, 2020 prior to the market open by filing a Form 8-K with the SEC. The earnings release will be available on the Company’s website http://investor.knight-swift.com/events and the Form 8-K will be available on the SEC website http://www.sec.gov.
The Company assumes no responsibility to update any information posted on its website.
Over the last 12 months, KNX stock rose by 11.68%. The one-year Knight-Swift Transportation Holdings Inc. stock forecast points to a potential upside of 22.85. The average equity rating for KNX stock is currently 1.90, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $7.04 billion, with 169.95 million shares outstanding and 155.48 million shares in the current float. Compared to the average trading volume of 2.33M shares, KNX stock reached a trading volume of 5666187 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Knight-Swift Transportation Holdings Inc. [KNX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for KNX shares is $52.29 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on KNX stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
JP Morgan have made an estimate for Knight-Swift Transportation Holdings Inc. shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on October 09, 2020. While the