Swift Transportation Price Target Increased to $30.00 by Analysts at Wunderlich (SWFT)
Equities research analysts at Wunderlich raised their target price on shares of Swift Transportation (NASDAQ:SWFT) from $26.00 to $30.00 in a research note issued to investors on Wednesday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Wunderlich’s price target indicates a potential upside of 23.36% from the company’s current price.
A number of other firms have also recently commented on SWFT. 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 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. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Swift Transportation in a research note on Monday, December 16th. They now have a $29.00 price target on the stock, up previously from $22.00. Three analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $23.30.
Shares of Swift Transportation (NASDAQ:SWFT) opened at 24.32 on Wednesday. Swift Transportation has a 52 week low of $12.58 and a 52 week high of $24.62. The stock’s 50-day moving average is $21.56 and its 200-day moving average is $20.8. The company has a market cap of $3.422 billion and a price-to-earnings ratio of 22.50.
Swift Transportation (NASDAQ:SWFT) last posted its quarterly earnings results on Monday, January 27th. The company reported $0.32 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.38 earnings per share. Swift Transportation’s revenue was up 2.7% compared to the same quarter last year. 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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