Swift Transportation Receives Consensus Rating of “Buy” from Analysts (NASDAQ:SWFT)
Shares of Swift Transportation (NASDAQ:SWFT) have received a consensus recommendation of “Buy” from the fourteen brokerages that are presently covering the stock, Analyst Ratings News reports. Two research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $27.96.
A number of research firms have recently commented on SWFT. 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.
Shares of Swift Transportation (NASDAQ:SWFT) opened at 21.18 on Tuesday. Swift Transportation has a 1-year low of $17.96 and a 1-year high of $26.71. The stock has a 50-day moving average of $22. and a 200-day moving average of $23.85. The company has a market cap of $2.997 billion and a price-to-earnings ratio of 23.70.
Swift Transportation (NASDAQ:SWFT) last released its earnings data on Thursday, July 24th. The company reported $0.33 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.32 earnings per share. Swift Transportation’s revenue was up 4.6% compared to the same quarter last year. Analysts expect that Swift Transportation will post $1.27 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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