Cowen and Company Reiterates “Buy” Rating for Swift Transportation (SWFT)
Swift Transportation (NASDAQ:SWFT)‘s stock had its “buy” rating restated by stock analysts at Cowen and Company in a report issued on Monday, American Banking & Market News reports. They currently have a $23.00 target price on the stock. Cowen and Company’s target price points to a potential upside of 14.26% from the stock’s previous close.
SWFT has been the subject of a number of other recent research reports. Analysts at Wunderlich raised their price target on shares of Swift Transportation (NASDAQ:SWFT) from $21.00 to $23.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Swift Transportation (NASDAQ:SWFT) from $20.00 to $22.00 in a research note to investors on Friday, August 9th. Finally, analysts at Zacks upgraded shares of Swift Transportation (NASDAQ:SWFT) from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, August 8th. They now have a $19.30 price target on the stock. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Swift Transportation has an average rating of “Buy” and an average price target of $18.81.
Swift Transportation (NASDAQ:SWFT) opened at 20.13 on Monday. Swift Transportation has a one year low of $7.86 and a one year high of $20.76. The stock has a 50-day moving average of $18.95 and a 200-day moving average of $16.54. The company has a market cap of $2.821 billion and a P/E ratio of 20.13.
Swift Transportation (NASDAQ:SWFT) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.29 by $0.03. The company had revenue of $898.10 million for the quarter, compared to the consensus estimate of $907.33 million. During the same quarter last year, the company posted $0.27 earnings per share. Swift Transportation’s revenue was up 2.9% compared to the same quarter last year. Analysts expect that Swift Transportation will post $1.22 EPS for the current fiscal year.
Swift Transportation Company is a transportation services company and a truckload carrier in North America.
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