Swift Transportation (SWFT) Given Media Sentiment Rating of 0.21
Headlines about Swift Transportation (NYSE:SWFT) have trended somewhat positive this week, according to Accern. The research group rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Swift Transportation earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned media stories about the transportation company an impact score of 44.7843313017683 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media stories that may have impacted Accern’s scoring:
- Swift Transportation Company (SWFT) Stock Rating Upgraded by ValuEngine (americanbankingnews.com)
- A Few Clear Signs For Swift Transportation Company (SWFT), Kratos Defense & Security Solutions, Inc. (KTOS) – AllStockNews (allstocknews.com)
- Institutional Ownership And Insider Trading At Swift Transportation Company (SWFT) – Economic News (economicsandmoney.com)
- Research delivers insight into the perishable goods transportation market (whatech.com)
- Form 425 KNIGHT TRANSPORTATION Filed by: SWIFT TRANSPORTATION Co (streetinsider.com)
SWFT has been the subject of several analyst reports. Bank of America Corporation restated a “buy” rating and issued a $31.00 target price (up from $29.00) on shares of Swift Transportation in a research report on Monday, July 10th. BidaskClub upgraded shares of Swift Transportation from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. UBS AG restated a “buy” rating and issued a $31.00 target price (up from $29.00) on shares of Swift Transportation in a research report on Tuesday, July 25th. Cowen and Company restated a “buy” rating and issued a $25.00 target price on shares of Swift Transportation in a research report on Monday, August 28th. Finally, ValuEngine upgraded shares of Swift Transportation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Eight equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $27.99.
Shares of Swift Transportation (SWFT) opened at 28.65 on Monday. The firm’s 50-day moving average is $26.40 and its 200-day moving average is $24.12. Swift Transportation has a 12-month low of $18.75 and a 12-month high of $29.35. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 36.73 and a beta of 1.96.
Swift Transportation (NYSE:SWFT) last posted its quarterly earnings results on Monday, July 24th. The transportation company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.20 by $0.05. The firm had revenue of $1,000 million for the quarter, compared to the consensus estimate of $1.02 billion. Swift Transportation had a net margin of 2.99% and a return on equity of 22.23%. The business’s revenue was down 1.2% compared to the same quarter last year. During the same period last year, the firm posted $0.34 earnings per share. On average, equities analysts predict that Swift Transportation will post $0.98 EPS for the current year.
In other Swift Transportation news, insider Richard Stocking sold 78,215 shares of Swift Transportation stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $28.66, for a total transaction of $2,241,641.90. Following the transaction, the insider now directly owns 108,864 shares of the company’s stock, valued at $3,120,042.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Virginia Henkels sold 29,051 shares of Swift Transportation stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $27.41, for a total transaction of $796,287.91. Following the transaction, the chief financial officer now directly owns 39,004 shares in the company, valued at $1,069,099.64. The disclosure for this sale can be found here. Insiders have sold 251,141 shares of company stock worth $6,959,714 over the last three months. Insiders own 44.90% of the company’s stock.
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About Swift Transportation
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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