Swift Transportation (NYSE:SWFT) Price Target Upgraded
In an analyst report revealed to investors and clients by Barclays Capital on Monday, 28 September, Swift Transportation (NYSE:SWFT) had its target price cut to $23.00. The firm now has Overweight rating on the stock.
The target decrease is noticed by stock traders, as NYSE:SWFT is at the moment trading -2.40% lower at $15.45 as of 13:18 New York time. Swift Transportation’s stock is down -43.02% in the past 200 days. It has underperformed the S&P500 Index, which has decreased -6.24% in the same time period.
Out of 19 brokers covering Swift Transportation, 18 rate it a Buy, 2 indicate a Hold while 0 suggest a Sell. The highest target is $35 and the lowest is $23 according to Thomson/First Call. The 12-month mean target is $27.55, which means upside potential of 78.32% over the current price.
Institutional Ownership
Ramsey Asset Management had the largest stake with ownership of 139,750 shares as of q2 2015 for 4.06% of the portfolio. Cloud Gate Capital Llc is another quite bullish fund who is possessing 404,534 shares of Swift Transportation or 3.93% of their portfolio. Furthermore, Newland Capital Management Llc have 3.78% of their portfolio invested in the company for 205,000 shares. The Illinois-based fund 12Th Street Asset Management Company Llc disclosed it had bought a stake worth about 3.02% of the fund’s stock portfolio in Swift Transportation. The Washington-based fund Glacier Peak Capital Llc is also positive about the stock, possessing 404,936 shares or 2.31% of their portfolio.
Swift Transportation (NYSE:SWFT) Profile
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 Company’s containers and other trailing equipment, combined with revenue for drayage to transport loads between the railheads and customer locations.
Swift Transportation (NYSE:SWFT) traded down -2.40% on 28 September, hitting $15.45. A total of 2.37M shares of the company’s stock traded hands. This is down from average of 3.45 million shares. Swift Transportation has a 52 week low of $15.39 and a 52 week high of $29.44. The company has a market cap of $2.25B and a P/E ratio of 11.26.
