Analysts at Barclays Capital lifted their price target on shares of Swift Transportation (NASDAQ: SWFT)
A number of other firms have also recently commented on SWFT. Analysts at Stifel Nicolaus raised their price target on shares of Swift Transportation from $15.00 to $18.00 in a research note to investors on Thursday. They now have a ?buy? rating on the stock. Separately, analysts at Stephens upgraded shares of Swift Transportation from an ?equal weight? rating to an ?overweight? rating in a research note to investors on Thursday. They now have a $17.00 price target on the stock, up previously from $10.00. Finally, analysts at Dahlman Rose upgraded shares of Swift Transportation from a ?hold? rating to a ?buy? rating in a research note to investors on Monday, December 10th. They now have a $12.00 price target on the stock. They noted that the move was a valuation call.
Eleven analysts have rated the stock with a buy rating, two have assigned an overweight rating, and eight have given a hold rating to the stock. The company presently has a consensus rating of ?overweight? and an average price target of $11.80.
Swift Transportation traded up 26.88% on Thursday, hitting $12.98. Swift Transportation has a 52-week low of $7.47 and a 52-week high of $12.82. The stock?s 50-day moving average is currently $9.27. The company has a market cap of $1.811 billion and a price-to-earnings ratio of 13.66. Swift Transportation last posted its quarterly earnings results on Wednesday, January 23rd. The company reported $0.38 earnings per share for the quarter, beating the analysts? consensus estimate of $0.24 by $0.14. The company had revenue of $922.60 million for the quarter, compared to the consensus estimate of $881.32 million. During the same quarter in the prior year, the company posted $0.29 earnings per share. The company?s quarterly revenue was up 7.2% on a year-over-year basis. On average, analysts predict that Swift Transportation will post $0.88 earnings per share for the current fiscal year. Swift Transportation Company is a transportation services company and a truckload carrier in North America.