Swift Transportation Company (NYSE:KNX) was upgraded by Knight Equity to a “buy” rating in a note issued to investors on Tuesday.

Several other equities analysts also recently weighed in on the company. KeyCorp upgraded Swift Transportation from a “sector weight” rating to an “overweight” rating in a research report on Tuesday. Zacks Investment Research downgraded Swift Transportation from a “hold” rating to a “strong sell” rating in a research report on Tuesday. UBS AG lowered their target price on Swift Transportation from $53.00 to $51.00 and set a “buy” rating on the stock in a research report on Tuesday, November 7th. Credit Suisse Group AG lowered their target price on Swift Transportation from $41.00 to $40.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 7th. Finally, J P Morgan Chase & Co began coverage on Swift Transportation in a research report on Thursday, October 12th. They issued a “neutral” rating and a $39.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company’s stock. Swift Transportation currently has an average rating of “Buy” and an average target price of $41.13.

Swift Transportation (NYSE KNX) traded down $0.34 during midday trading on Tuesday, reaching $38.04. The company had a trading volume of 2,254,200 shares, compared to its average volume of 1,705,000. The stock has a market capitalization of $6,829.07, a P/E ratio of 28.78 and a beta of 2.07. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.14. Swift Transportation has a 12 month low of $26.68 and a 12 month high of $44.45.

Swift Transportation (NYSE:KNX) last released its earnings results on Monday, November 6th. The transportation company reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.05). The company had revenue of $521.61 million for the quarter, compared to analysts’ expectations of $1.33 billion. Swift Transportation had a net margin of 2.44% and a return on equity of 7.48%. During the same quarter last year, the firm posted $0.34 earnings per share. sell-side analysts anticipate that Swift Transportation will post 1.13 earnings per share for the current fiscal year.

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Hedge funds have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Swift Transportation by 11.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,794 shares of the transportation company’s stock worth $104,000 after purchasing an additional 288 shares during the last quarter. Riverhead Capital Management LLC increased its holdings in shares of Swift Transportation by 58.2% in the second quarter. Riverhead Capital Management LLC now owns 5,063 shares of the transportation company’s stock worth $187,000 after purchasing an additional 1,863 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Swift Transportation by 17.6% in the second quarter. Victory Capital Management Inc. now owns 5,385 shares of the transportation company’s stock worth $200,000 after purchasing an additional 807 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Swift Transportation in the second quarter worth about $202,000. Finally, Toronto Dominion Bank bought a new stake in shares of Swift Transportation in the third quarter worth about $234,000.

Swift Transportation Company Profile

Knight Transportation, Inc is a provider of multiple truckload transportation and logistics services, which involve the movement of trailer or container loads of freight from origin to destination for a single customer. The Company operates through two segments: Trucking and Logistics. Its Trucking segment consists of three operating units: dry van truckload, temperature-controlled truckload and drayage services.

Analyst Recommendations for Swift Transportation (NYSE:KNX)

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