Swift Transportation Company (NYSE:KNX) had its price target cut by UBS AG from $53.00 to $51.00 in a report released on Tuesday. The firm presently has a “buy” rating on the transportation company’s stock. UBS AG’s target price suggests a potential upside of 25.06% from the stock’s current price.

A number of other equities research analysts have also issued reports on the stock. Credit Suisse Group reduced their target price on shares of Swift Transportation from $41.00 to $40.00 and set a “neutral” rating on the stock in a report on Tuesday. Zacks Investment Research lowered shares of Swift Transportation from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. J P Morgan Chase & Co began coverage on shares of Swift Transportation in a report on Thursday, October 12th. They set a “neutral” rating and a $39.00 target price on the stock. ValuEngine lowered shares of Swift Transportation from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, Barclays PLC increased their target price on shares of Swift Transportation from $33.00 to $37.00 and gave the stock an “underweight” rating in a report on Monday, October 2nd. Two analysts have rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company’s stock. Swift Transportation presently has an average rating of “Buy” and an average target price of $41.13.

Shares of Swift Transportation (NYSE:KNX) traded down $0.44 during mid-day trading on Tuesday, hitting $40.78. 3,363,769 shares of the stock traded hands, compared to its average volume of 2,050,000. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.41 and a current ratio of 1.45. Swift Transportation has a 52-week low of $29.85 and a 52-week high of $44.45. The firm has a market cap of $7,240.00, a price-to-earnings ratio of 26.50 and a beta of 0.92.

Swift Transportation (NYSE:KNX) last released its earnings results on Monday, November 6th. The transportation company reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.06). Swift Transportation had a return on equity of 22.23% and a net margin of 2.99%. During the same quarter last year, the business earned $0.34 EPS. analysts forecast that Swift Transportation will post 1.16 EPS for the current fiscal year.

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In related news, General Counsel Todd F. Carlson sold 3,000 shares of the stock in a transaction on Monday, August 14th. The shares were sold at an average price of $37.86, for a total value of $113,580.00. Following the transaction, the general counsel now directly owns 23,638 shares of the company’s stock, valued at approximately $894,934.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 44.90% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its position in shares of Swift Transportation by 97.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 8,427,755 shares of the transportation company’s stock valued at $350,174,000 after buying an additional 4,151,669 shares during the last quarter. BlackRock Inc. grew its position in shares of Swift Transportation by 1.7% in the 2nd quarter. BlackRock Inc. now owns 8,031,762 shares of the transportation company’s stock valued at $297,576,000 after buying an additional 133,297 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Swift Transportation by 10.4% in the 2nd quarter. Vanguard Group Inc. now owns 6,279,350 shares of the transportation company’s stock valued at $232,649,000 after buying an additional 590,259 shares during the last quarter. Wasatch Advisors Inc. grew its position in shares of Swift Transportation by 2.1% in the 2nd quarter. Wasatch Advisors Inc. now owns 5,133,380 shares of the transportation company’s stock valued at $190,192,000 after buying an additional 105,640 shares during the last quarter. Finally, State Street Corp grew its position in shares of Swift Transportation by 6.7% in the 2nd quarter. State Street Corp now owns 1,837,500 shares of the transportation company’s stock valued at $68,084,000 after buying an additional 115,433 shares during the last quarter.

Swift Transportation Company Profile

Knight Transportation, Inc is a provider of multiple truckload transportation and logistics services, which involve the movement of trailer or container loads of freight from origin to destination for a single customer. The Company operates through two segments: Trucking and Logistics. Its Trucking segment consists of three operating units: dry van truckload, temperature-controlled truckload and drayage services.

Analyst Recommendations for Swift Transportation (NYSE:KNX)

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