Swift Transportation PT Raised to $30.00 (SWFT)
Stock analysts at Robert W. Baird raised their price objective on shares of Swift Transportation (NASDAQ:SWFT) from $29.00 to $30.00 in a report issued on Tuesday. Robert W. Baird’s price target would indicate a potential upside of 18.95% from the company’s current price.
Shares of Swift Transportation (NASDAQ:SWFT) opened at 25.22 on Tuesday. Swift Transportation has a 1-year low of $16.23 and a 1-year high of $26.71. The stock has a 50-day moving average of $24.86 and a 200-day moving average of $23.69. The company has a market cap of $3.561 billion and a P/E ratio of 26.34.
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. Analysts expect that Swift Transportation will post $1.33 EPS for the current fiscal year.
A number of other firms have also recently commented on SWFT. Analysts at Barclays raised their price target on shares of Swift Transportation from $28.00 to $30.00 in a research note on Monday, June 30th. They now have an “overweight” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Swift Transportation in a research note on Wednesday, June 11th. They now have a $27.00 price target on the stock, up previously from $26.00. Finally, 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. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $27.71.
Swift Transportation Company is a transportation services company and a truckload carrier in North America.
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