Analysts at Deutsche Bank AG initiated coverage on shares of Swift Transportation Co. (NYSE:SWFT) in a report released on Wednesday. The brokerage set a “buy” rating and a $28.00 price target on the stock. Deutsche Bank AG’s target price indicates a potential upside of 10.41% from the company’s previous close.
Several other analysts have also commented on SWFT. Citigroup Inc. dropped their target price on Swift Transportation from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, July 11th. Zacks Investment Research raised Swift Transportation from a “sell” rating to a “hold” rating in a report on Friday, September 2nd. Stifel Nicolaus raised their price objective on Swift Transportation from $20.00 to $22.00 and gave the company a “buy” rating in a report on Friday, July 22nd. Robert W. Baird raised their price objective on Swift Transportation from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Monday, September 12th. Finally, JPMorgan Chase & Co. reissued a “hold” rating on shares of Swift Transportation in a report on Friday, July 22nd. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Swift Transportation currently has an average rating of “Buy” and an average target price of $21.03.
Shares of Swift Transportation (NYSE:SWFT) traded up 0.63% during mid-day trading on Wednesday, hitting $25.36. The stock had a trading volume of 720,902 shares. Swift Transportation has a one year low of $11.74 and a one year high of $25.60. The stock has a market cap of $3.36 billion, a P/E ratio of 20.27 and a beta of 1.93. The firm has a 50 day moving average of $22.51 and a 200-day moving average of $19.08.
Swift Transportation (NYSE:SWFT) last posted its earnings results on Monday, October 24th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.03 billion. Swift Transportation had a return on equity of 32.99% and a net margin of 4.54%. Swift Transportation’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period last year, the company earned $0.31 earnings per share. Equities research analysts expect that Swift Transportation will post $1.36 earnings per share for the current fiscal year.
In other news, VP Kenneth C. Runnels sold 155,726 shares of Swift Transportation stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $24.38, for a total value of $3,796,599.88. Following the completion of the sale, the vice president now directly owns 131,892 shares of the company’s stock, valued at $3,215,526.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Kirk Steven Richard Van sold 11,492 shares of Swift Transportation stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $24.75, for a total value of $284,427.00. Following the completion of the sale, the vice president now directly owns 20,233 shares of the company’s stock, valued at $500,766.75. The disclosure for this sale can be found here. 44.90% of the stock is owned by company insiders.
Several large investors have recently modified their holdings of SWFT. RWC Asset Management LLP purchased a new stake in shares of Swift Transportation during the third quarter worth $2,149,000. Lombard Odier Asset Management USA Corp boosted its stake in shares of Swift Transportation by 110.3% in the third quarter. Lombard Odier Asset Management USA Corp now owns 50,000 shares of the company’s stock worth $1,074,000 after buying an additional 26,223 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of Swift Transportation by 13.3% in the third quarter. Mackenzie Financial Corp now owns 192,269 shares of the company’s stock worth $4,128,000 after buying an additional 22,522 shares during the last quarter. Scopus Asset Management L.P. purchased a new stake in shares of Swift Transportation during the third quarter worth $12,286,000. Finally, Green Square Capital LLC boosted its stake in shares of Swift Transportation by 27.4% in the third quarter. Green Square Capital LLC now owns 27,733 shares of the company’s stock worth $595,000 after buying an additional 5,967 shares during the last quarter. 77.97% of the stock is owned by institutional investors and hedge funds.
Swift Transportation Company Profile