Shares of Swift Transportation Company (NYSE:SWFT) have received an average recommendation of “Buy” from the twenty-two ratings firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, twelve have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $27.60.

SWFT has been the topic of several research reports. Barclays PLC downgraded Swift Transportation Company from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $29.00 to $24.00 in a research report on Friday, March 24th. Zacks Investment Research upgraded Swift Transportation Company from a “sell” rating to a “hold” rating in a research report on Tuesday, April 4th. Deutsche Bank AG restated a “buy” rating on shares of Swift Transportation Company in a research report on Friday, April 14th. Vetr downgraded Swift Transportation Company from a “strong-buy” rating to a “buy” rating and set a $27.80 target price on the stock. in a research report on Monday, April 24th. Finally, Knight Equity restated a “market perform” rating and issued a $27.00 target price (up previously from $14.31) on shares of Swift Transportation Company in a research report on Tuesday, April 11th.

Shares of Swift Transportation Company (NYSE SWFT) opened at 25.86 on Monday. The company has a market cap of $3.45 billion, a P/E ratio of 28.36 and a beta of 1.97. Swift Transportation Company has a 1-year low of $16.67 and a 1-year high of $27.23. The firm has a 50-day moving average price of $24.65 and a 200-day moving average price of $23.30.

Swift Transportation Company (NYSE:SWFT) last released its earnings results on Monday, April 24th. The transportation company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.11 by $0.04. The firm had revenue of $963.80 million during the quarter, compared to analysts’ expectations of $970.74 million. Swift Transportation Company had a net margin of 3.39% and a return on equity of 25.10%. The business’s revenue was down .4% compared to the same quarter last year. During the same quarter last year, the business earned $0.25 EPS. On average, equities analysts expect that Swift Transportation Company will post $0.96 EPS for the current year.

In other news, Director Richard H. Dozer sold 1,833 shares of Swift Transportation Company stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $24.26, for a total value of $44,468.58. Following the completion of the sale, the director now directly owns 15,572 shares of the company’s stock, valued at $377,776.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Virginia Henkels sold 20,325 shares of Swift Transportation Company stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $23.90, for a total value of $485,767.50. Following the completion of the sale, the chief financial officer now directly owns 53,772 shares of the company’s stock, valued at $1,285,150.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 223,113 shares of company stock valued at $5,385,729. 44.90% of the stock is owned by insiders.

Several large investors have recently modified their holdings of the stock. TrimTabs Asset Management LLC boosted its stake in shares of Swift Transportation Company by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 5,013 shares of the transportation company’s stock worth $103,000 after buying an additional 2,360 shares during the last quarter. James Investment Research Inc. boosted its stake in shares of Swift Transportation Company by 51.5% in the first quarter. James Investment Research Inc. now owns 5,150 shares of the transportation company’s stock worth $106,000 after buying an additional 1,750 shares during the last quarter. Exane Derivatives purchased a new stake in shares of Swift Transportation Company during the first quarter worth $124,000. Ameritas Investment Partners Inc. purchased a new stake in shares of Swift Transportation Company during the first quarter worth $133,000. Finally, FNY Partners Fund LP boosted its stake in shares of Swift Transportation Company by 20,933.3% in the first quarter. FNY Partners Fund LP now owns 7,500 shares of the transportation company’s stock worth $154,000 after buying an additional 7,536 shares during the last quarter. 75.77% of the stock is owned by institutional investors and hedge funds.

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Swift Transportation Company Company Profile

Swift Transportation Company is a multi-faceted transportation services company. As of December 31, 2016, the Company operated fleets of truckload equipment in North America from over 40 terminals near key freight centers and traffic lanes. The Company’ segments include Truckload, Dedicated, Swift Refrigerated and Intermodal.

Analyst Recommendations for Swift Transportation Company (NYSE:SWFT)

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