Swift Transportation Company (SWFT) : The consensus on Swift Transportation Company (SWFT) based on 17 analyst recommendation on the company stock is 1.74, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 11 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
Swift Transportation Company (SWFT) : The highest short term price target forecast on Swift Transportation Company (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 (NYSE:SWFT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.46 and $15.24 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.82. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.78, notching a gain of 1.48% for the day. The total traded volume was 1,891,074 . The stock had closed at $15.55 on the previous day.
Also, In the latest statement by the brokerage house, Avondale Partners downgrades its outlook on Swift Transportation Company (NYSE:SWFT). The current rating of the shares is Market Underperform, according to the research report released by the firm. Previously, the company had a rating of Market Perform. The brokerage firm lowers the price target from $15 per share to $12.5 per share. The rating by the firm was issued on June 23, 2016. The company shares have dropped -31.29% 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 $15.66 and the 200 Day Moving Average price is recorded at $16.18.
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.