Baird Maintains Swift Transportation Co to Outperform with Price Target $23.00

Brokerage firm Baird Maintains its rating on Swift Transportation Co(NYSE:SWFT). In a research note issued to the investors, the brokerage major Raises the price-target to $23.00 per share. The shares have been rated Outperform. The rating by Baird was issued on Sep 12, 2016.

In a different note, On Sep 12, 2016, Barclays said it Maintains its rating on Swift Transportation Co. In the research note, the firm Raises the price-target to $22.00 per share. The shares have been rated ‘Overweight’ by the firm. On Sep 12, 2016, Citigroup said it Maintains its rating on Swift Transportation Co. In the research note, the firm Raises the price-target to $20.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 25, 2016, UBS said it Maintains its rating on Swift Transportation Co. In the research note, the firm Raises the price-target to $18.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 20, 2016, Deutsche Bank said it Maintains its rating on Swift Transportation Co. In the research note, the firm Lowers the price-target to $21.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 13, 2016, Citigroup said it Maintains its rating on Swift Transportation Co. In the research note, the firm Lowers the price-target to $21.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 12, 2016, KeyBanc said it Downgrades its rating on Swift Transportation Co. The shares have been rated ‘Sector Weight’ by the firm.

Swift Transportation Co (SWFT) shares turned negative on Tuesdays trading session with the shares closing down -0.29 points or -1.36% at a volume of 25,78,072. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $21.63. The peak price level was also seen at $21.63 while the days lowest was $20.97. Finally the shares closed at $21.11. The 52-week high of the shares is $22.15 while the 52-week low is $11.74. According to the latest information available, the market cap of the company is $2,817 M.

Swift Transportation Co(SWFT) last announced its earnings results on Jul 21, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.01B. Analysts had an estimated revenue of $1.01B. Earnings per share were $0.34. Analysts had estimated an EPS of $0.31.

Several Insider Transactions has been reported to the SEC. On Aug 12, 2016, Richard H Dozer (director) sold 2,282 shares at $18.63 per share price.Also, On Aug 11, 2016, Timothy W Guin (EVP, Sales) sold 15,000 shares at $19.00 per share price.On Aug 9, 2016, Jose A Cardenas (director) sold 2,000 shares at $19.60 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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