Key Highlights:
- Knight-Swift Transportation posts impressive Q1 profits, beating expectations.
- Company revises Q2 outlook downward due to trade tariff concerns.
- Analysts suggest an average target price of $54.74, indicating potential upside.
Knight-Swift Transportation's Q1 Performance
Knight-Swift Transportation (NYSE: KNX) defied market anticipations with a remarkable boost in its Q1 earnings and revenue. However, investors should note the firm's prudent approach to Q2, as it adjusts forecasts downward owing to looming trade tariff challenges. The company highlights potential hurdles in sustaining margin growth and maintaining pricing stability amidst these uncertainties.
Wall Street Analysts' Forecasts
Presently, 18 analysts have projected a one-year price target for Knight-Swift Transportation, averaging at $54.74, with estimations ranging from a high of $68.00 to a low of $43.00. This consensus indicates a promising upside of 39.38% from the current trading price of $39.27. For a deeper dive into these estimates, visit the Knight-Swift Transportation Holdings Inc (KNX, Financial) Forecast page.
Brokerage Recommendations
According to assessments from 21 brokerage firms, the average brokerage recommendation for Knight-Swift Transportation Holdings Inc (KNX, Financial) stands at 2.4, denoting an "Outperform" status. This metric operates on a scale from 1 to 5, where 1 implies a Strong Buy sentiment and 5 suggests a Sell position.
GuruFocus Valuation Insights
GuruFocus provides an estimated GF Value for Knight-Swift Transportation Holdings Inc (KNX, Financial) of $59.02 over the next year. This valuation reflects a significant upside of 50.29% from the current share price of $39.27. The GF Value represents GuruFocus's perspective on what the stock's fair trade value should be, formulated using historical trading multiples, as well as past and projected business performance metrics. For more detailed insights and data, please refer to the Knight-Swift Transportation Holdings Inc (KNX) Summary page.
