Swift Transportation Company (SWFT) Receives ‘Analyst’ Rating

Swift Transportation Company (SWFT) : 15 analysts are covering Swift Transportation Company (SWFT) and their average rating on the stock is 1.83, which is read as a Buy. 9 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Swift Transportation Company (SWFT) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Swift Transportation Company (SWFT) : The consensus price target for Swift Transportation Company (SWFT) is $21.67 for the short term with a standard deviation of $4.38. The most optimist securities analyst among the 12 who monitor the stock believes that the stock can reach $27, however, the pessimist price target for the company is $13.


Also, UBS maintains its rating on Swift Transportation Company (NYSE:SWFT). The global brokerage major raises the current price target from $18 per share to $19.5 per share. Analysts at the UBS have a current rating of Neutral on the shares. The rating by the firm was issued on July 25, 2016.

Swift Transportation Company (NYSE:SWFT): After opening at $20.69, the stock dipped to an intraday low of $20.67 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $21.45 and the buying power remained strong till the end. The stock closed at $21.38 for the day, a gain of 2.64% for the day session. The total traded volume was 3,211,129. The stocks close on the previous trading day was $20.83.

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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