Price Target Update on Swift Transportation Company (NYSE:SWFT)

Swift Transportation Company (NYSE:SWFT) : The highest level Swift Transportation Company (NYSE:SWFT) is projected to reach is $27 for the short term and the lowest estimate is at $14. The consolidated price target from 15 rating analysts who initiate coverage on the stock is $20.87 and the possibility the share price can swing is $4.31.

Other Equity analysts have also commented on the company shares. JP Morgan initiates coverage on Swift Transportation Company (NYSE:SWFT) . The global brokerage major announces a current price target of $16 per share. Analysts at the JP Morgan have a current rating of Neutral on the shares. The rating by the firm was issued on February 29, 2016.

Swift Transportation Company (NYSE:SWFT): stock turned positive on Thursday. Though the stock opened at $15.04, the bulls momentum made the stock top out at $16.1 level for the day. The stock recorded a low of $15.03 and closed the trading day at $15.87, in the green by 2.39%. The total traded volume for the day was 2,732,290. The stock had closed at $15.5 in the previous days trading.

The company shares have dropped -32.55% from its 1 Year high price. On Aug 4, 2015, the shares registered one year high at $24.76 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $15.89 and the 200 Day Moving Average price is recorded at $16.06. On the companys insider trading activities,The officer (Executive VP Fleet Operations) of Swift Transportation Co, Runnels Kenneth C sold 1,435 shares at $17.94 on February 26, 2016. The Insider selling transaction had a total value worth of $25,744. The Insider information was disclosed with 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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