Swift Transportation Co (SWFT) was Reiterated by Stifel to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 22 from a previous price target of $20 . Stifel advised their investors in a research report released on Jul 22, 2016.
Many Wall Street Analysts have commented on Swift Transportation Co. Swift Transportation Co was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Jul 12, 2016. Swift Transportation Co was Downgraded by Avondale to ” Mkt Underperform” on Jun 23, 2016.
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 opened for trading at $16.95 and hit $17.31 on the upside on Wednesday, eventually ending the session at $17.03, with a gain of 0.35% or 0.06 points. The heightened volatility saw the trading volume jump to 26,05,887 shares. Company has a market cap of $2,301 M.
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.