Swift Transportation Receives Average Rating of “Buy” from Analysts (NASDAQ:SWFT)
Swift Transportation (NASDAQ:SWFT) has earned an average rating of “Buy” from the thirteen analysts that are presently covering the stock, Stock Ratings Network.com reports. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $27.27.
Swift Transportation (NASDAQ:SWFT) traded up 0.51% on Friday, hitting $25.39. 313,228 shares of the company’s stock traded hands. Swift Transportation has a 1-year low of $14.53 and a 1-year high of $26.71. The stock’s 50-day moving average is $23.69 and its 200-day moving average is $23.26. The company has a market cap of $3.585 billion and a price-to-earnings ratio of 26.07.
Swift Transportation (NASDAQ:SWFT) last released its earnings data on Thursday, April 24th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the 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 in the previous year, the company posted $0.21 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 $1.32 earnings per share for the current fiscal year.
In other Swift Transportation news, Insider Cary M. Flanagan sold 2,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $24.91, for a total value of $49,820.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
SWFT has been the subject of a number of recent research reports. 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. Separately, 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. Finally, analysts at Deutsche Bank cut their price target on shares of Swift Transportation from $32.00 to $31.00 in a research note on Monday, April 28th. They now have a “buy” rating on the stock.
Swift Transportation Company is a transportation services company and a truckload carrier in North America.
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