Knight-Swift Transportation Holdings Inc.
Knight-Swift Transportation Holdings Inc. (NYSE: KNX) is one of the largest and most diverse freight transportation firms in North America, with the broadest truckload fleet. To serve customers across North America, the firm offers various truckload transportation, intermodal, and logistics services through a countrywide network of business units and ports in the United States and Mexico.
Robust 9MFY21 Results:
Valuation Methodology: EV/EBITDA per share Multiple Based Relative Valuation
(Analysis by Kalkine Group)
* % Premium/(Discount) is based on our assessment of the company's NTM trading multiple after considering its key growth drivers, economic moat, stock's historical trading multiples versus peer average/median, and investment risks.
KNX Daily Technical Chart (Source: REFINITIV)
KNX's share price has surged 37.99% in the past twelve months and is currently leaning towards the higher band of the 52-week range of USD 39.17 to USD 60.60. The stock is currently trading above its 50 and 200 DMA levels, and its RSI Index is at 61.95. We have valued the stock using the EV/EBITDA-based relative valuation methodology and arrived at a target price of USD 50.40.
Considering the uptick in the stock price, current valuation, and other technical indicators, we believe the decent business fundamentals are sufficiently reflected at current trading levels. Hence, we recommend a "Sell" rating on the stock at the current price of USD 58.84, down 0.41% as of November 17, 2021, 3:41 PM ET.
*All forecasted figures and Industry Information have been taken from REFINITIV.
*The reference data in this report has been partly sourced from REFINITIV.
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