Longbow Research Upgrades Swift Transportation Co to Buy

Brokerage firm Longbow Research Upgrades its rating on Swift Transportation Co(SWFT). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by the stock financial advisor at Longbow Research was issued on Mar 21, 2017 in a research report to their Investors and Clients.

In a different note, On Dec 22, 2016, Wells Fargo said it Downgrades its rating on Swift Transportation Co. The shares have been rated ‘Market Perform’ by the firm.

Swift Transportation Co (SWFT) shares turned negative on Fridays trading session with the shares closing down -0.4 points or -1.99% at a volume of 28,78,862. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $20.21. The peak price level was also seen at $20.21 while the days lowest was $19.5. Finally the shares closed at $19.74. The 52-week high of the shares is $27.18 while the 52-week low is $14.31. According to the latest information available, the market cap of the company is $2,627 M.

Swift Transportation Co(SWFT) last announced its earnings results on Jan 26, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $1.039B. Analysts had an estimated revenue of $1.040B. Earnings per share were $0.4. Analysts had estimated an EPS of $0.4.

Several Insider Transactions has been reported to the SEC. On Dec 1, 2016, Timothy W Guin (EVP, Sales) sold 40,000 shares at $25.05 per share price.Also, On Nov 16, 2016, Kirk Steven Richard Van (Executive VP Intermodal) sold 11,492 shares at $24.75 per share price.On Nov 10, 2016, Kenneth C Runnels (Executive VP Fleet Operations) sold 155,726 shares at $24.38 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

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