Short Term Price Target on Swift Transportation Company (SWFT)

Swift Transportation Company (NYSE:SWFT) : The highest short term price target forecast on Swift Transportation Company (NYSE:SWFT) is $27 and the lowest target price is $13. A total of 15 equity analysts are currently covering the company. The average price of all the analysts is $20.7 with a standard deviation of $4.59.

Swift Transportation Company has lost 2.9% in the last five trading days and dropped 2.34% in the last 4 weeks. Swift Transportation Company has dropped 15.1% during the last 3-month period . Year-to-Date the stock performance stands at 11.51%. Also, Equity Analysts at the Brokerage Firm, Avondale Partners, downgrades their rating on the shares of Swift Transportation Company (NYSE:SWFT). Avondale Partners has a Market Underperform rating on the shares. Previously, the analysts had a Market Perform rating on the shares. As per the latest research report, the brokerage house lowers the price target to $12.5 per share from a prior target of $15. The rating by the firm was issued on June 23, 2016.

Swift Transportation Company (NYSE:SWFT) : Zacks Investment Research ranks Swift Transportation Company (NYSE:SWFT) as 4, which is a Sell recommendation. 11 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 17 research analysts is 1.74, which indicates as a Buy.

Swift Transportation Company (NYSE:SWFT): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.25 and $14.96 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.58. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.41, notching a gain of 1.85% for the day. The total traded volume was 2,607,569 . The stock had closed at $15.13 on the previous day.

In an insider trading activity, The officer (Executive VP Fleet Operations), of Swift Transportation Co, Runnels Kenneth C had unloaded 1,435 shares at $17.94 per share in a transaction on February 26, 2016. The total value of transaction was $25,744. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Swift Transportation Company (Swift Transportation Co.) is a multi-faceted transportation services company, operating 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, which consists of one way movements over irregular routes throughout the United States Mexico and Canada; Dedicated, through which, the Company devotes use of equipment to specific customers and offers tailored solutions under long-term contracts; Central Refrigerated, which represents the core operations of Central and primarily consists of shipments for customers that require temperature-controlled trailers, and Intermodal segment, which includes revenue generated by moving freight over the rail in the Companys containers and other trailing equipment, combined with revenue for drayage to transport loads between the railheads and customer locations.

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