The Swift Transportation Co. (SWFT) Rating Decreased to Hold at Stifel Nicolaus

The Swift Transportation Co. (SWFT) Rating Decreased to Hold at Stifel Nicolaus

Stifel Nicolaus cut shares of Swift Transportation Co. (NYSE:SWFT) from a buy rating to a hold rating in a report published on Tuesday morning. Stifel Nicolaus currently has $25.00 price objective on the stock, up from their previous price objective of $24.00. The analysts noted that the move was a valuation call.

Several other equities research analysts have also issued reports on the stock. KeyCorp reaffirmed a hold rating on shares of Swift Transportation in a research note on Sunday, October 9th. TheStreet raised shares of Swift Transportation from a hold rating to a buy rating in a research note on Wednesday, August 3rd. Barclays PLC lifted their target price on shares of Swift Transportation from $22.00 to $24.00 and gave the stock an overweight rating 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 stock a buy rating in a report on Monday, September 12th. Finally, Zacks Investment Research upgraded shares of Swift Transportation from a sell rating to a hold rating in a report on Saturday, August 27th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $21.03.

Swift Transportation (NYSE:SWFT) opened at 25.36 on Tuesday. Swift Transportation has a 12 month low of $11.74 and a 12 month high of $25.60. The stock’s 50 day moving average is $22.51 and its 200 day moving average is $19.08. The company has a market cap of $3.36 billion, a PE ratio of 20.27 and a beta of 1.93.

Swift Transportation (NYSE:SWFT) last released its quarterly earnings data on Monday, October 24th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. Swift Transportation had a net margin of 4.54% and a return on equity of 32.99%. The business earned $1.01 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the business earned $0.31 EPS. Swift Transportation’s quarterly revenue was down 4.9% compared to the same quarter last year. Equities analysts predict that Swift Transportation will post $1.36 earnings per share for the current year.

In other Swift Transportation news, VP Kirk Steven Richard Van sold 11,492 shares of the business’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $24.75, for a total value of $284,427.00. Following the transaction, the vice president now directly owns 20,233 shares in the company, valued at $500,766.75. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Kenneth C. Runnels sold 155,726 shares of the business’s stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $24.38, for a total transaction of $3,796,599.88. Following the completion of the transaction, the vice president now owns 131,892 shares in the company, valued at $3,215,526.96. The disclosure for this sale can be found here. 44.90% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in SWFT. Acrospire Investment Management LLC raised its position 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 period. Advisor Group Inc. raised its position in shares of Swift Transportation by 42.2% in the third quarter. Advisor Group Inc. now owns 6,662 shares of the company’s stock worth $143,000 after buying an additional 1,976 shares during the last quarter. Stratos Wealth Partners LTD. bought a new position in shares of Swift Transportation during the second quarter worth about $155,000. Pacad Investment Ltd. bought a new position in shares of Swift Transportation during the second quarter worth about $160,000. Finally, BlackRock Inc. raised its position in shares of 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. Hedge funds and other institutional investors own 77.97% of the company’s stock.

Swift Transportation Company Profile

Related posts

Leave a Comment