Swift Transportation’s (SWFT) Hold Rating Reiterated at KeyCorp
Swift Transportation Co. (NYSE:SWFT)‘s stock had its “hold” rating reissued by research analysts at KeyCorp in a research note issued on Sunday.
Other equities research analysts also recently issued reports about the company. Deutsche Bank AG set a $19.00 target price on Swift Transportation and gave the stock a “buy” rating in a research report on Thursday, July 21st. Stifel Nicolaus boosted their target price on Swift Transportation from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, July 22nd. JPMorgan Chase & Co. reiterated a “hold” rating on shares of Swift Transportation in a research report on Friday, July 22nd. Zacks Investment Research upgraded Swift Transportation from a “sell” rating to a “hold” rating in a research report on Saturday, August 20th. Finally, Robert W. Baird boosted their target price on Swift Transportation from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Monday, September 12th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. Swift Transportation presently has an average rating of “Hold” and an average target price of $19.75.
Shares of Swift Transportation (NYSE:SWFT) opened at 20.98 on Friday. Swift Transportation has a 12 month low of $11.74 and a 12 month high of $22.15. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of 15.95 and a beta of 2.23. The stock has a 50 day moving average price of $20.33 and a 200-day moving average price of $17.90.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/09/swift-transportations-swft-hold-rating-reiterated-at-keycorp.html
Swift Transportation (NYSE:SWFT) last posted its earnings results on Thursday, July 21st. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.01 billion. Swift Transportation had a return on equity of 32.87% and a net margin of 4.44%. During the same period in the previous year, the business earned $0.37 earnings per share. Analysts expect that Swift Transportation will post $1.35 earnings per share for the current fiscal year.
In related news, Director Jose A. Cardenas sold 2,000 shares of the stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $19.60, for a total value of $39,200.00. Following the transaction, the director now owns 11,275 shares of the company’s stock, valued at $220,990. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Timothy W. Guin sold 15,000 shares of the stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $19.00, for a total value of $285,000.00. Following the completion of the transaction, the executive vice president now directly owns 18,601 shares in the company, valued at approximately $353,419. The disclosure for this sale can be found here. 44.90% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Aperio Group LLC boosted its position in shares of Swift Transportation by 21.1% in the first quarter. Aperio Group LLC now owns 17,444 shares of the company’s stock valued at $325,000 after buying an additional 3,044 shares during the period. Springbok Capital Management LLC purchased a new position in shares of Swift Transportation during the first quarter valued at about $717,000. Northpointe Capital LLC purchased a new position in shares of Swift Transportation during the second quarter valued at about $10,706,000. Pictet Asset Management Ltd. purchased a new position in shares of Swift Transportation during the first quarter valued at about $596,000. Finally, GSA Capital Partners LLP boosted its position in shares of Swift Transportation by 56.8% in the second quarter. GSA Capital Partners LLP now owns 88,769 shares of the company’s stock valued at $1,368,000 after buying an additional 32,169 shares during the period. 74.70% of the stock is currently owned by institutional investors.
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.
Receive News & Ratings for Swift Transportation Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Swift Transportation Co. and related companies with MarketBeat.com's FREE daily email newsletter.