Swift Transportation Sets New 12-Month High at $24.53 (SWFT)
Shares of Swift Transportation (NASDAQ:SWFT) hit a new 52-week high on Friday , Analyst RN reports. The stock traded as high as $24.53 and last traded at $24.30, with a volume of 2,855,570 shares traded. The stock had previously closed at $23.45.
Several analysts have recently commented on the stock. Analysts at Longbow Research upgraded shares of Swift Transportation from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 29th. They now have a $27.00 price target on the stock. Separately, analysts at Wunderlich raised their price target on shares of Swift Transportation from $24.00 to $26.00 in a research note on Wednesday, January 29th. They now have a “buy” rating on the stock. Finally, analysts at Barclays upgraded shares of Swift Transportation from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, January 21st. They now have a $26.00 price target on the stock, up previously from $22.00. Three equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $23.01.
The stock has a 50-day moving average of $21.46 and a 200-day moving average of $20.72. The company has a market cap of $3.451 billion and a P/E ratio of 21.51.
Swift Transportation (NASDAQ:SWFT) last released its earnings data 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 prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. Analysts expect that Swift Transportation will post $1.43 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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