Swift Transportation Co. (NYSE:SWFT) Receives Consensus Recommendation of “Buy” from Analysts
Shares of Swift Transportation Co. (NYSE:SWFT) have been given an average recommendation of “Buy” by the nineteen research firms that are currently covering the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $19.89.
Several research analysts have issued reports on the stock. Robert W. Baird raised their price objective on shares of Swift Transportation from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Monday, September 12th. Bank of America Corp. reaffirmed a “buy” rating and issued a $24.00 target price on shares of Swift Transportation in a report on Monday, September 12th. Citigroup Inc. lifted their target price on shares of Swift Transportation from $20.00 to $24.00 and gave the company a “buy” rating in a report on Monday, September 12th. Barclays PLC lifted their target price on shares of Swift Transportation from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Monday, September 12th. Finally, Zacks Investment Research raised shares of Swift Transportation from a “sell” rating to a “hold” rating in a report on Friday, September 2nd.
In other news, Director Richard H. Dozer sold 2,282 shares of the business’s stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $18.63, for a total value of $42,513.66. Following the completion of the transaction, the director now owns 17,405 shares of the company’s stock, valued at $324,255.15. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Timothy W. Guin sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $19.00, for a total transaction of $285,000.00. Following the completion of the transaction, the executive vice president now directly owns 18,601 shares of the company’s stock, valued at approximately $353,419. The disclosure for this sale can be found here. 44.90% of the stock is currently owned by insiders.
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Several institutional investors have recently bought and sold shares of the stock. Acrospire Investment Management LLC increased its stake in Swift Transportation by 42.0% in the second quarter. Acrospire Investment Management LLC now owns 7,100 shares of the company’s stock worth $109,000 after buying an additional 2,100 shares during the last quarter. Stratos Wealth Partners LTD. bought a new stake in Swift Transportation during the second quarter worth about $155,000. Pacad Investment Ltd. bought a new stake in Swift Transportation during the second quarter worth about $160,000. BlackRock Inc. increased its stake in Swift Transportation by 2.3% in the second quarter. BlackRock Inc. now owns 10,739 shares of the company’s stock worth $166,000 after buying an additional 242 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its stake in Swift Transportation by 4.9% in the second quarter. Teacher Retirement System of Texas now owns 12,010 shares of the company’s stock worth $185,000 after buying an additional 561 shares during the last quarter. 74.70% of the stock is owned by institutional investors and hedge funds.
Swift Transportation (NYSE:SWFT) traded down 1.659% on Tuesday, reaching $21.045. The company’s stock had a trading volume of 1,535,679 shares. The firm has a 50-day moving average of $19.39 and a 200-day moving average of $17.48. The company has a market capitalization of $2.81 billion, a PE ratio of 16.004 and a beta of 2.38. Swift Transportation has a one year low of $11.74 and a one year high of $22.15.
Swift Transportation (NYSE:SWFT) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.03. Swift Transportation had a net margin of 4.44% and a return on equity of 32.87%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the firm posted $0.37 EPS. Analysts predict that Swift Transportation will post $1.35 EPS for the current year.
About Swift Transportation
Swift Transportation Company (Swift Transportation Co) is a multi-faceted transportation services company, which operates the fleet of truckload equipment in North America from over 40 terminals near key freight centers and traffic lanes. The Company operates in four segments: Truckload, Dedicated, Swift Refrigerated and Intermodal.
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