Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Swift Transportation (SWFT) Share Price
News coverage about Swift Transportation (NYSE:SWFT) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Swift Transportation earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned press coverage about the transportation company an impact score of 45.28865373808 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Insider Selling: Swift Transportation Company (SWFT) CFO Sells 17,153 Shares of Stock (americanbankingnews.com)
- Cowen and Company Reiterates Buy Rating for Swift Transportation Company (SWFT) (americanbankingnews.com)
- SWIFT TRANSPORTATION CO : Other Events (form 8-K) (4-traders.com)
- A Few Clear Signs For Swift Transportation Company (SWFT … – AllStockNews (allstocknews.com)
- Swift Transportation Company (SWFT) 10.68% off from 200- SMA – Voice Of Analysts (analystsbuzz.com)
Swift Transportation (NYSE:SWFT) opened at 27.64 on Tuesday. The company’s 50-day moving average is $26.08 and its 200-day moving average is $23.93. The firm has a market capitalization of $3.70 billion, a P/E ratio of 35.44 and a beta of 1.96. Swift Transportation has a 52-week low of $18.40 and a 52-week high of $27.81.
Swift Transportation (NYSE:SWFT) last announced its earnings results on Monday, July 24th. The transportation company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.05. The firm had revenue of $1,000 million during the quarter, compared to analyst estimates of $1.02 billion. Swift Transportation had a net margin of 2.99% and a return on equity of 22.23%. Swift Transportation’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.34 EPS. On average, analysts predict that Swift Transportation will post $0.98 EPS for the current year.
Several equities analysts have issued reports on SWFT shares. Zacks Investment Research raised shares of Swift Transportation from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Vetr raised shares of Swift Transportation from a “buy” rating to a “strong-buy” rating and set a $27.80 price objective on the stock in a report on Monday, May 1st. ValuEngine raised shares of Swift Transportation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Stephens raised shares of Swift Transportation from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $26.00 to $30.00 in a report on Monday, June 12th. Finally, Bank of America Corporation reissued a “buy” rating and set a $31.00 price objective (up from $29.00) on shares of Swift Transportation in a report on Monday, July 10th. Eight investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $27.99.
In related news, insider Richard Stocking sold 126,722 shares of the stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $27.30, for a total value of $3,459,510.60. Following the completion of the transaction, the insider now owns 133,902 shares in the company, valued at approximately $3,655,524.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Virginia Henkels sold 20,325 shares of the stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $23.90, for a total transaction of $485,767.50. Following the completion of the transaction, the chief financial officer now owns 53,772 shares of the company’s stock, valued at approximately $1,285,150.80. The disclosure for this sale can be found here. Insiders sold a total of 193,251 shares of company stock valued at $5,203,839 in the last quarter. 44.90% of the stock is currently owned by insiders.
Swift Transportation 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.
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