Swift Transportation Price Target Raised to $26.00 at Wunderlich (SWFT)
Analysts at Wunderlich hoisted their price target on shares of Swift Transportation (NASDAQ:SWFT) from $24.00 to $26.00 in a research report issued to clients and investors on Wednesday, Analyst Ratings Net reports. The firm currently has a “buy” rating on the stock. Wunderlich’s price objective would suggest a potential upside of 20.37% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Barclays upgraded shares of Swift Transportation from an “equal weight” rating to an “overweight” rating in a research note to investors on Tuesday, January 21st. They now have a $26.00 price target on the stock, up previously from $22.00. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Swift Transportation in a research note to investors on Monday, December 16th. They now have a $29.00 price target on the stock, up previously from $22.00. Finally, analysts at Stifel Nicolaus downgraded shares of Swift Transportation from a “buy” rating to a “hold” rating in a research note to investors on Monday, November 18th. They now have a $23.00 price target on the stock. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Swift Transportation presently has a consensus rating of “Buy” and an average target price of $22.71.
Swift Transportation (NASDAQ:SWFT) opened at 21.60 on Wednesday. Swift Transportation has a 1-year low of $12.58 and a 1-year high of $23.74. The stock has a 50-day moving average of $21.73 and a 200-day moving average of $20.36. The company has a market cap of $3.038 billion and a price-to-earnings ratio of 20.10.
Swift Transportation (NASDAQ:SWFT) last announced its earnings results on Monday, January 27th. The company reported $0.32 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.35 by $0.03. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, analysts predict that Swift Transportation will post $1.44 earnings per share for the current fiscal year.
Swift Transportation Company is a transportation services company and a truckload carrier in North America.
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