Swift Transportation PT Raised to $26.00 (SWFT)
Equities research analysts at RBC Capital lifted their price objective on shares of Swift Transportation (NASDAQ:SWFT) from $22.00 to $26.00 in a research note issued to investors on Friday, AnalystRatings.Net reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s price target indicates a potential upside of 19.38% from the company’s current price.
SWFT has been the subject of a number of other recent research reports. Analysts at Cowen and Company raised their price target on shares of Swift Transportation from $23.00 to $25.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Zacks downgraded shares of Swift Transportation from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 8th. They now have a $22.20 price target on the stock. Two investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $19.61.
Swift Transportation (NASDAQ:SWFT) traded up 0.74% during mid-day trading on Friday, hitting $21.78. The stock had a trading volume of 1,297,018 shares. Swift Transportation has a 52 week low of $7.63 and a 52 week high of $20.52. The stock has a 50-day moving average of $18.41 and a 200-day moving average of $16.10. The company has a market cap of $3.053 billion and a price-to-earnings ratio of 21.62.
Swift Transportation (NASDAQ:SWFT) last released its earnings data on Thursday, October 24th. The company reported $0.29 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.29. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1,000.00 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis.
Swift Transportation Company is a transportation services company and a truckload carrier in North America.
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