Baird analyst Garrett Holland maintains $Knight-Swift Transportation (KNX.US)$ with a buy rating, and maintains the target price at $60.
According to TipRanks data, the analyst has a success rate of 53.0% and a total average return of 3.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Knight-Swift Transportation (KNX.US)$'s main analysts recently are as follows:
Knight-Swift is seen as a beneficiary of the early cycle, with expectations to demonstrate operating leverage on improving seasonality. While maintaining its short-term EPS estimates, the longer-term forecast for 2025 EPS has been adjusted to reflect a more conservative outlook.
The company's recent quarterly performance and early guidance, which slightly fell short of consensus, might initially appear discouraging. However, considering the quarterly disturbances and the projections not accounting for a cycle change, these results are likely to fulfill or surpass expectations. The absence of a reduction in guidance, coupled with management's optimistic statements regarding the fourth quarter and future fiscal year, is likely to reassure the market about the ongoing business cycle.
Knight-Swift met expectations in the third quarter and maintained fourth-quarter guidance consistent with estimates and the general consensus. The company is anticipated to counterbalance elevated network costs with favorable contractual rates, leading to a sequential improvement in margins following the third quarter.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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