Swift Transportation Receives Consensus Recommendation of “Buy” from Brokerages (NASDAQ:SWFT)
Shares of Swift Transportation (NASDAQ:SWFT) have received an average rating of “Buy” from the fourteen brokerages that are presently covering the stock, AnalystRatingsNetwork reports. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $27.96.
Shares of Swift Transportation (NASDAQ:SWFT) opened at 21.37 on Tuesday. Swift Transportation has a 1-year low of $17.93 and a 1-year high of $26.71. The stock has a 50-day moving average of $22.43 and a 200-day moving average of $23.89. The company has a market cap of $3.024 billion and a P/E ratio of 24.01.
Swift Transportation (NASDAQ:SWFT) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.33 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.33. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 4.6% on a year-over-year basis. On average, analysts predict that Swift Transportation will post $1.27 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank cut their price target on shares of Swift Transportation from $31.00 to $30.00 in a research note on Monday, July 28th. They now have a “buy” rating on the stock. Separately, analysts at Avondale Partners upgraded shares of Swift Transportation from a “market perform” rating to an “outperform” rating in a research note on Friday, July 25th. They now have a $26.50 price target on the stock, up previously from $25.00. Finally, analysts at Robert W. Baird raised their price target on shares of Swift Transportation from $29.00 to $30.00 in a research note on Tuesday, July 8th.
Swift Transportation Company is a transportation services company and a truckload carrier in North America.
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