Knight-Swift Transportation Holdings Inc. (NYSE:KNX) reported downbeat earnings for its fourth quarter on Wednesday.

The company posted quarterly earnings of 31 cents per share which missed the analyst consensus estimate of 36 cents per share. The company reported quarterly sales of $1.856 billion which missed the analyst consensus estimate of $1.900 billion.

Knight-Swift said it sees first-quarter adjusted earnings of 28 cents to 32 cents per share, versus market estimates of 32 cents per share.

Knight-Swift shares gained 0.1% to trade at $57.99 on Thursday.

These analysts made changes to their price targets on Knight-Swift following earnings announcement.

  • Stifel analyst J. Bruce Chan maintained Knight-Swift with a Buy and lowered the price target from $63 to $61.
  • Susquehanna analyst Bascome Majors maintained Knight-Swift with a Neutral and raised the price target from $58 to $60.
  • UBS analyst Thomas Wadewitz maintained the stock with a Neutral and raised the price target from $51 to $54.

Considering buying KNX stock? Here’s what analysts think:

Photo via Shutterstock