Swift Transportation Company (NYSE:SWFT) registered a -1.74% decrease, still its new closing price is 57.79% up from the company’s 1 year high of 27.18.It posted -4.56% losses in previous 5 sessions and is now the subject of 5 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 1 sells versus 9 buy or better ratings. The 20 stock analysts following this company have an average price target at $27.50, with individual PT in the $16.00-$30.00 range. The shares moved at $22.58, implying that brokerage firms see shares gaining about 32.59% in twelve months time.
Swift Transportation Company (SWFT) SEC Form 4 News
The stock is getting much attention these days as insiders are adding shares while they posted a -7.31% fall year to date. A Director, 10% Owner at Swift Transportation Company (SWFT) acquired shares in a transaction closed on Sunday January 22, 2017. Strategic Value Partners, LLC bought 805,000 shares in the company at $28.5 each and collected $22,942,001 in proceeds. Strategic Value Partners, LLC now owns 4,460,319 shares in the company after this transaction. A EVP, Sales in the company, Guin Timothy W, disclosed a transaction on Wednesday November 30, 2016 that ended up generating $1,002,000 from the sale of 40,000 shares at $25.05 per share.
Swift Transportation Company (NYSE:SWFT) Upcoming Results on Tap
Swift Transportation Company will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.16 in that period. Sales during the quarter are predicted to arrive at $972.42 million.
Earnings surprise history: Last quarter, the company posted approximately $1.04 billion in revenue and EPS of $0.40. The mean forecast was for $1.04 billion and $0.40 a share, respectively. One quarter earlier, revenue for the stock was at $1.01 billion, with earnings at $0.34/share.
Swift Transportation Company (SWFT) Brokerage Update
Swift Transportation Company (SWFT) is in Wells Fargo’s research list so their analyst rating change is noteworthy. These shares were downgraded to Market Perform from Outperform by Wells Fargo, according to news reported on Thursday December 22, 2016.Another important research note was issued by JP Morgan on Thursday December 15, 2016.The firm upgraded SWFT to Overweight from Neutral. Over the last six months and over the last three months, the shares of Swift Transportation Company (SWFT), have changed 19.53% and 0.36%, respectively.