Swift Transportation Insider Sells $49,820 in Stock (SWFT)
Swift Transportation (NASDAQ:SWFT) Insider Cary M. Flanagan unloaded 2,000 shares of the stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $24.91, for a total transaction of $49,820.00. Following the sale, the insider now directly owns 4,005 shares in the company, valued at approximately $99,765. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Swift Transportation (NASDAQ:SWFT) traded down 0.92% during mid-day trading on Friday, hitting $24.76. 2,135,822 shares of the company’s stock traded hands. Swift Transportation has a 52-week low of $14.53 and a 52-week high of $26.71. The stock’s 50-day moving average is $23.53 and its 200-day moving average is $23.18. The company has a market cap of $3.496 billion and a P/E ratio of 25.79.
Swift Transportation (NASDAQ:SWFT) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.12 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.12. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the company posted $0.21 earnings per share. Swift Transportation’s revenue was up 2.7% compared to the same quarter last year. On average, analysts predict that Swift Transportation will post $1.32 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on SWFT shares. Analysts at ING Group reiterated a “buy” rating on shares of Swift Transportation in a research note on Thursday. They now have a $31.00 price target on the stock, up previously from $30.00. Separately, analysts at Buckingham Research raised their price target on shares of Swift Transportation from $27.00 to $28.00 in a research note on Monday, May 5th. Finally, analysts at Raymond James raised their price target on shares of Swift Transportation from $29.00 to $31.00 in a research note on Monday, April 28th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $27.55.
Swift Transportation Company is a transportation services company and a truckload carrier in North America.
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