A Technical Strategy for Ameren Corporation (AEE), Knight-Swift Transportation Holdings Inc. (KNX)

You should consider shares of Ameren Corporation (NYSE:AEE) and Knight-Swift Transportation Holdings Inc. (NYSE:KNX) if you are looking for a great stocks to invest in. Starting with the AEE shares, which traded at $78.20 at the close of the recent session, gaining 0.76%. On Wednesday, the company’s shares shed $0.59 from its value which represented in intraday trading. The stock is now 1.82% higher in year-to-date (YTD) trading. AEE’s intraday high was $78.325 while its lowest price touched $77.58. The stock’s 52-week high price is $80.85, which means the current price is at -3.28%. In terms of trading activity, the daily trading volume rose to 1731771 against 200-day average trading volume of 1,499,531 shares.

What are analyst forecasts for Ameren Corporation (NYSE:AEE)?

At a consensus rating of 4.40, AEE is trending as a streaking Moderate Buy, as it has been the case a month ago when 9 analysts called it a Moderate Buy. Two months ago, 8 analysts recommended, on average, that AEE stock is a Moderate Buy. The Utilities company’s shares’ overall bullish trend saw it close lower on Wednesday compared to its opening price of $77.80 on the day.

Forecasts for Ameren Corporation (NYSE:AEE) give the stock a fair value for the growth of 5.78% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $83.00, which means the price per share could rise by nearly $4.8. The price range target is between a low of $77.00 and a high of $86.00. The stock would need to gain by about $9.07 to hit the estimated high or 0.83% from its 12-month low.

The consensus among 13 analysts is that it is a good time for one to Overweight in the Ameren Corporation. 7 analysts rate AEE as a Buy, with 0 of 13 analysts rate it as a Sell. 0 have valued the stock as Overweight and 5 have recommended that investors Hold.

Ameren Corporation (NYSE:AEE) Upgrades and Downgrades

In terms of rating changes, Guggenheim on January 08, 2020, Initiated Ameren Corporation (AEE) at Buy. They believe the stock could reach $82 in the near term. Analysts at JP Morgan have assigned a Overweight rating for the stock in their research note on December 11, 2019. Moreover, UBS analysts issued a rating of Buy for the stock on October 29, 2019, giving it a price target of $86 for the next 12 months. On September 17, 2019, the stock earned a Buy rating due to an analyst call from BofA/Merrill, while analysts from Argus on July 25, 2019 suggested that the stock is Buy.

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) adds -$0.02 on Wednesday

The KNX stock has risen 5.94% year-to-date and is currently trading at $37.97, which is -3.56% below its 52-week high. The company shares lost -0.05% on the day and have risen nearly 40.47% off a low hit. At current levels, Knight-Swift Transportation Holdings Inc. has a valuation of about $5.04B. As of 01/15/20, this stock has risen 2.37% during the week and closed at $37.99 in the previous session. However, recent Knight-Swift Transportation Holdings Inc. stock performance shows that KNX shares are 1.52% up over the last month, and 6.36% up for the last three months.

Earnings per share (EPS) estimates for the current quarter are $0.85, with the trailing 12-month share earnings at $2.27. The ratio is expected to be down by -16.00% for the current year 2019 and -5.10% for next year. Over the next 5-year period, earnings per share will be 5.03%. But will the KNX stock surprise in the current quarter results, where the $0.48 actual EPS reported on 9/29/2019 surprised by -2.00% or was lower by -$0.01 from the estimated $0.49.

Sales Growth to decline -1.40% for the year

How well will Knight-Swift Transportation Holdings Inc. perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $1.18B and $1.29B in current quarter sales. The consensus estimated for the current quarter is $1.22B from sales. Forecasts for this fiscal year are between $4.83B and $4.96B and the consensus estimate for sales is at $4.88B.

Who owns shares in Knight-Swift Transportation Holdings Inc. (KNX)?

Let’s briefly focus on the share ownership of the Knight-Swift Transportation Holdings Inc. (NYSE:KNX) stock, where we find that 90.53% of shares are held by institutions. FMR, LLC tops the list of institutional owners as it is holding 25.58 million shares or 14.99% of shares outstanding. Blackrock Inc. and Vanguard Group, Inc. (The) held 11.84 million and 10.96 million representing 6.94% and 6.42% respectively at the close of the last trading session. As of Sep 29, 2019, Wasatch Advisors Inc accounted for 5.43 million shares at over 197.27 million. This represented 3.18% of shares outstanding. Bank Of New York Mellon Corporation held 4.95 million shares at over 179.61 million representing 2.90% of shares outstanding.

KNX Insider Activity

Insider activity can also give a signal in terms of price direction. Looking at Knight-Swift Transportation Holdings Inc. (KNX), a total of 166944 shares have been sold by insiders over the last 6 months while 15280 shares were added in the same time span. On 3/06/2019, Vice Chairman by the name Knight Gary J sold 145129.0 shares worth $4.8 million at the price of $33.21 per share. Filings also show that Knight Kevin P sold a total of 104040.0 shares on 3/06/2019 valued at $3.5 million. Since the last insider activity, the company’s share price has climbed 14.44%.