Swift Transportation Company (SWFT): Price Target and June Short Interest Disclosure

Swift Transportation Company (SWFT) has been rated by 14 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $27 and the lowest price target forecast is $13. The average forecast of all the analysts is $20.54 and the expected standard deviation is $4.72.

Swift Transportation Company (SWFT) has witnessed a rise of 2.9% or 732,357 shares in its short figure. The short interest augmentation took it from 24,903,602 on June 15,2016 to 25,635,959 on June 30,2016. In terms of floated shares, the short interest was calculated to be 32.1%. The days to cover are 8 given that the daily volume averaged 3,028,363 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Equity Analysts at the Avondale Partners downgrades the rating on Swift Transportation Company (NYSE:SWFT). The brokerage firm has issued a Market Underperform rating on the shares. The shares were previously rated Market Perform. The Analysts at the ratings agency lowers the price target from $15 per share to $12.5 per share. The rating by the firm was issued on June 23, 2016.


Swift Transportation Company (NYSE:SWFT): On Thursdays trading session , Opening price of the stock was $17.39 with an intraday high of $17.46. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $16.945. However, the stock managed to close at $17.07, a loss of 0.87% for the day. On the previous day, the stock had closed at $17.22. The total traded volume of the day was 2,256,667 shares.

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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