Swift Transportation Co (NYSE:SWFT) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 17, 2016
Zacks Investment Research has upgraded Swift Transportation Co(NYSE:SWFT) to Hold in a report released on Saturday August 20 2016.
Previously on 7/22/2016, Stifel Nicolaus released a statement for Swift Transportation Co(NYSE:SWFT) bumped the target price from $20.00 to $22.00 that indicated a possible upside of 0.31%.
Displaying a price of $18.79, Swift Transportation Co (NYSE:SWFT) traded 0.37% higher on the day. The last close is up 23.73% relative to the two hundred day average, compared with the Standard & Poor’s 500 Index which has decreased -0.01% over the same time. Swift Transportation Co has been tracking to a 50-day moving average of $19.15 and two hundred day average of $17.34. 2,756,911 shares of Swift Transportation Co traded hands, up from ann avg. trading volume of 2,576,590
With a market cap of $0.0, Swift Transportation Co has a one-year low of $11.74 and a 52 week high of $21.87 with a P/E ratio of 16.
In addition to Zacks Investment Research reporting it’s target price, a total of 18 equity analysts have reported on the stock. The 12-month target stock price is $21.03 with nine analysts rating the company a strong buy, six analysts rating the stock a buy, six firms rating the stock a hold, 0 rating the stock to underperform, and lastly 0 firmsrating the company as sell.
General Company Details For Swift Transportation Co (NYSE:SWFT)
Swift Transportation Company (Swift Transportation Co.) is a multi-faceted transportation services company, which operates 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, Dedicated, Swift Refrigerated and Intermodal. The Truckload segment consists of one way movements over irregular routes throughout the United States, Mexico and Canada. The Company, through the Dedicated segment, devotes use of equipment to specific customers and offers personalized solutions under long-term contracts. The Company’s Swift Refrigerated segment primarily consists of shipments for customers that require temperature-controlled trailers. The Intermodal segment includes moving freight operations, including moving the freight over the rail in its containers and other trailing equipment, and and drayage of transport loads between the railheads and customer locations.
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