The stock of Swift Transportation Co (NYSE:SWFT) hit a new 52-week high and has $31.81 target or 27.00% above today’s $25.05 share price. The 7 months bullish chart indicates low risk for the $3.29 billion company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $31.81 price target is reached, the company will be worth $888.30M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 709,305 shares traded hands. Swift Transportation Co (NYSE:SWFT) has risen 35.22% since April 19, 2016 and is uptrending. It has outperformed by 31.36% the S&P500.
Swift Transportation Co (NYSE:SWFT) Ratings Coverage
Out of 11 analysts covering Swift Transportation (NYSE:SWFT), 8 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 73% are positive. Swift Transportation has been the topic of 25 analyst reports since August 13, 2015 according to StockzIntelligence Inc. Bank of America upgraded Swift Transportation Co (NYSE:SWFT) on Monday, February 22 to “Buy” rating. The rating was maintained by Barclays Capital with “Overweight” on Monday, October 5. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, January 7. The rating was downgraded by UBS on Thursday, October 22 to “Neutral”. The stock has “Market Perform” rating given by Avondale on Friday, October 30. As per Monday, October 5, the company rating was upgraded by Evercore. The rating was maintained by Stifel Nicolaus on Tuesday, October 25 with “Buy”. The firm has “Neutral” rating by Longbow given on Friday, December 4. The rating was maintained by Cowen & Co on Monday, September 28 with “Outperform”. The firm earned “Market Underperform” rating on Thursday, June 23 by Avondale.
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 decreased to 0.87 in 2016 Q2. Its down 0.02, from 0.89 in 2016Q1. The ratio fall, 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.
Stoneridge Inv Lc owns 125,329 shares or 0.29% of their US portfolio. Lombard Odier Asset Mngmt (Usa) reported 23,777 shares or 0.04% of all its holdings. Moreover, Sawtooth Asset Management Inc has 0.14% invested in Swift Transportation Co (NYSE:SWFT) for 17,442 shares. Great West Life Assurance Co Can accumulated 0% or 8,234 shares. Regions Fincl Corp, a Alabama-based fund reported 83,401 shares. Federated Investors Pa has invested 0.02% of its portfolio in Swift Transportation Co (NYSE:SWFT). Pittenger Anderson Inc has 0% invested in the company for 100 shares. Menta Capital Ltd Liability holds 0.3% of its portfolio in Swift Transportation Co (NYSE:SWFT) for 141,223 shares. Point72 Asset Mgmt Limited Partnership has 0.07% invested in the company for 631,000 shares. The New York-based Citigroup has invested 0% in Swift Transportation Co (NYSE:SWFT). Envestnet Asset Inc owns 77,156 shares or 0% of their US portfolio. Voya Invest Management Lc, a Georgia-based fund reported 35,519 shares. Blackrock Group has 77,068 shares for 0% of their US portfolio. Moreover, First Quadrant Lp Ca has 0.04% invested in Swift Transportation Co (NYSE:SWFT) for 113,200 shares. First Mercantile Tru Co holds 0.03% or 13,376 shares in its portfolio.
More important 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 published article titled: “Swift Transportation Posts Higher Profit, Lower Revenue”, Wsj.com published: “Swift Transportation Reports Stronger Profits on Cost Savings” on January 25, 2016. More interesting news about Swift Transportation Co (NYSE:SWFT) was released by: Wsj.com and their article: “Swift Transportation CEO Restructures Family Debts” with publication date: May 24, 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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