Swift Transportation Co. Reaches New 12-Month High at $20.92 (SWFT)
Swift Transportation (NASDAQ:SWFT)’s share price reached a new 52-week high during trading on Tuesday, Analyst Ratings Network.com reports. The stock traded as high as $20.92 and last traded at $20.46, with a volume of 864,555 shares traded. The stock had previously closed at $20.19.
A number of analysts have recently weighed in on SWFT shares. Analysts at Cowen and Company reiterated a “buy” rating on shares of Swift Transportation (NASDAQ:SWFT) in a research note to investors on Monday. They now have a $23.00 price target on the stock. Separately, 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. Finally, 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. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $18.81.
Swift Transportation has a 52 week low of $7.86 and a 52 week high of $20.76. The stock’s 50-day moving average is $19.00 and its 200-day moving average is $16.60. The company has a market cap of $2.889 billion and a P/E ratio of 20.19.
Swift Transportation (NASDAQ:SWFT) last released its earnings data 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 in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. 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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