Swift Transportation Co. (NYSE:SWFT) was downgraded by equities research analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday. They presently have a $25.00 price objective on the stock, up from their previous price objective of $24.00. Stifel Nicolaus’ price objective indicates a potential downside of 0.79% from the stock’s current price. The analysts noted that the move was a valuation call.

A number of other research firms have also commented on SWFT. Deutsche Bank AG reaffirmed a “top pick” rating and set a $28.00 price target on shares of Swift Transportation in a research report on Monday, November 14th. KeyCorp reaffirmed a “hold” rating on shares of Swift Transportation in a research report on Sunday, October 9th. Robert W. Baird raised their price target on Swift Transportation from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Monday, September 12th. Bank of America Corp. reaffirmed a “buy” rating and set a $24.00 price target on shares of Swift Transportation in a research report on Monday, September 12th. Finally, Citigroup Inc. raised their price target on Swift Transportation from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Monday, September 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Swift Transportation has an average rating of “Buy” and an average target price of $21.03.

Analyst Recommendations for Swift Transportation (NYSE:SWFT)

Shares of Swift Transportation (NYSE:SWFT) opened at 25.20 on Tuesday. Swift Transportation has a 12-month low of $11.74 and a 12-month high of $25.41. The company has a 50-day moving average price of $22.37 and a 200 day moving average price of $19.02. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 20.14 and a beta of 1.93.

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

In related news, VP Kenneth C. Runnels sold 155,726 shares of Swift Transportation stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $24.38, for a total transaction 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 approximately $3,215,526.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Cary M. Flanagan sold 10,000 shares of Swift Transportation stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $23.64, for a total value of $236,400.00. Following the sale, the insider now directly owns 15,409 shares of the company’s stock, valued at $364,268.76. The disclosure for this sale can be found here. Insiders own 44.90% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in SWFT. RWC Asset Management LLP purchased a new stake in Swift Transportation during the third quarter valued at $2,149,000. Lombard Odier Asset Management USA Corp boosted its position 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 valued at $1,074,000 after buying an additional 26,223 shares in the last quarter. Mackenzie Financial Corp boosted its position 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 valued at $4,128,000 after buying an additional 22,522 shares in the last quarter. Scopus Asset Management L.P. bought a new position in shares of Swift Transportation during the third quarter valued at $12,286,000. Finally, Green Square Capital LLC boosted its position 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 valued at $595,000 after buying an additional 5,967 shares in the last quarter. 77.97% of the stock is owned by institutional investors and hedge funds.

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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.

5 Day Chart for NYSE:SWFT

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