The stock of Swift Transportation Co (NYSE:SWFT) is a huge mover today! About 1.27M shares traded hands. Swift Transportation Co (NYSE:SWFT) has risen 14.39% since March 11, 2016 and is uptrending. It has outperformed by 8.93% the S&P500.
The move comes after 7 months negative chart setup for the $2.57B company. It was reported on Oct, 14 by Barchart.com. We have $19.00 PT which if reached, will make NYSE:SWFT worth $128.50M less.
Analysts await Swift Transportation Co (NYSE:SWFT) to report earnings on October, 24. They expect $0.32 earnings per share, up 3.23% or $0.01 from last year’s $0.31 per share. SWFT’s profit will be $41.12 million for 15.63 P/E if the $0.32 EPS becomes a reality. After $0.34 actual earnings per share reported by Swift Transportation Co for the previous quarter, Wall Street now forecasts -5.88% negative EPS growth.
Swift Transportation Co (NYSE:SWFT) Ratings Coverage
Out of 10 analysts covering Swift Transportation (NYSE:SWFT), 6 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 60% are positive. Swift Transportation has been the topic of 22 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The firm has “Strong Buy” rating given on Monday, September 28 by S&P Research. The stock of Swift Transportation Co (NYSE:SWFT) earned “Overweight” rating by Barclays Capital on Monday, October 5. Citigroup maintained Swift Transportation Co (NYSE:SWFT) on Monday, July 11 with “Buy” rating. The stock of Swift Transportation Co (NYSE:SWFT) earned “Neutral” rating by UBS on Thursday, October 22. The stock of Swift Transportation Co (NYSE:SWFT) has “Sector Perform” rating given on Thursday, January 7 by RBC Capital Markets. The firm has “Market Underperform” rating given on Thursday, June 23 by Avondale. The company was maintained on Monday, September 28 by Cowen & Co. Morgan Stanley upgraded the stock to “Overweight” rating in Tuesday, February 23 report. The company was maintained on Friday, July 22 by Stifel Nicolaus. Longbow downgraded the stock to “Neutral” rating in Friday, December 4 report.
According to Zacks Investment Research, “Swift Transportation Co., LLC operates as a multi-faceted transportation services company primarily engaged in providing truckload carrier services in North America. The Company’s transportation services include dry van, dedicated, temperature controlled, cross border, and port drayage operations; rail intermodal; freight brokerage; and third-party logistics operations. The Company conducts its operations through major terminals positioned near major freight centers and traffic lanes in the United States and Mexico. Its fleet includes tractors, trailers and intermodal containers. Swift Transportation Co., LLC is headquartered in Phoenix, Arizona.”
Insitutional Activity: The institutional sentiment increased to 0.89 in Q2 2016. Its up 0.04, from 0.85 in 2016Q1. The ratio is positive, as 37 funds sold all Swift Transportation Co shares owned while 71 reduced positions. 33 funds bought stakes while 63 increased positions. They now own 98.58 million shares or 1.06% more from 97.55 million shares in 2016Q1.
Blackrock Institutional Tru Co Na accumulated 2.06 million shares or 0.01% of the stock. Lombard Odier Asset Mngmt (Usa) Corporation holds 0.04% of its portfolio in Swift Transportation Co (NYSE:SWFT) for 23,777 shares. Next owns 300 shares or 0% of their US portfolio. Blackrock Mngmt Limited Liability Corp, a New Jersey-based fund reported 279,718 shares. Renaissance Technologies Ltd Com last reported 0.02% of its portfolio in the stock. Weiss Multi holds 606,087 shares or 0.72% of its portfolio. The Iowa-based Principal Grp Inc has invested 0% in Swift Transportation Co (NYSE:SWFT). The Ohio-based Victory Cap Inc has invested 0% in Swift Transportation Co (NYSE:SWFT). Deutsche Comml Bank Ag last reported 188,996 shares in the company. Moreover, Fincl Bank Of America Corp De has 0.01% invested in Swift Transportation Co (NYSE:SWFT) for 1.87 million shares. Paloma Prtnrs Management Communications reported 10,070 shares or 0% of all its holdings. Balyasny Asset Management Limited Liability Com has invested 0.01% of its portfolio in Swift Transportation Co (NYSE:SWFT). Rhumbline Advisers accumulated 84,220 shares or 0% of the stock. First Trust Advsrs Ltd Partnership, a Illinois-based fund reported 67,743 shares. Envestnet Asset Mgmt Inc accumulated 0% or 77,156 shares.
More notable recent Swift Transportation Co (NYSE:SWFT) news were published by: Azcentral.com which released: “Swift Transportation celebrates 50th anniversary” on September 16, 2016, also Wsj.com with their article: “Swift Transportation CEO Jerry Moyes to Retire at Year’s End” published on September 08, 2016, Wsj.com published: “Swift Transportation CEO Restructures Family Debts” on May 24, 2016. More interesting news about Swift Transportation Co (NYSE:SWFT) were released by: Businesswire.com and their article: “Founder and CEO of Swift Transportation Company Announces Retirement” published on September 08, 2016 as well as Benzinga.com‘s news article titled: “Citi Adds Aecom To Focus List, Swift Transportation Removed” with publication date: September 29, 2016.
SWFT Company Profile
Swift Transportation Company (Swift Transportation Co.), incorporated on May 20, 2010, 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 Firm operates in four divisions: Truckload, Dedicated, Swift Refrigerated and Intermodal. The other segment includes the Company’s logistics and freight brokerage services, as well as support services provided by its subsidiaries to clients and owner-operators, including repair and maintenance shop services, equipment leasing and insurance. The Firm principally operates in short- to medium-haul traffic lanes around its terminals and customer locations.
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