Swift Transportation Co (SWFT) was Downgraded by Avondale to ” Mkt Underperform”. Earlier the firm had a rating of “Mkt Perform ” on the company shares. Avondale advised their investors in a research report released on Jun 23, 2016.
Many Wall Street Analysts have commented on Swift Transportation Co. Company shares were Reiterated by Barclays on Apr 8, 2016 to “Overweight”, Firm has raised the Price Target to $ 19 from a previous price target of $17 .
On the company’s financial health, Swift Transportation Co reported $0.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.21. The company had revenue of $967.80 million for the quarter, compared to analysts expectations of $1001.42 million. The company’s revenue was down -7.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.29 EPS.
Swift Transportation Co closed down -1.16 points or -6.86% at $15.74 with 41,39,014 shares getting traded on Tuesday. Post opening the session at $15.51, the shares hit an intraday low of $15.36 and an intraday high of $16.12 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Mar 1, 2016, Jerry Moyes (CEO) sold 17,300 shares at $18.05 per share price. According to the SEC, on Feb 29, 2016, Kenneth C Runnels (Executive VP Fleet Operations) sold 1,435 shares at $17.94 per share price. On Feb 26, 2016, Virginia Henkels (Chief Financial Officer) sold 3,825 shares at $17.95 per share price, according to the Form-4 filing with the securities and exchange commission.
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 Company’s containers and other trailing equipment combined with revenue for drayage to transport loads between the railheads and customer locations.