Swift Transportation Company (NYSE:KNX) was upgraded by equities research analysts at Knight Equity to a “buy” rating in a research report issued to clients and investors on Tuesday.

Other equities analysts have also recently issued reports about the company. Zacks Investment Research cut Swift Transportation from a “hold” rating to a “strong sell” rating in a report on Tuesday. KeyCorp raised Swift Transportation from a “sector weight” rating to an “overweight” rating in a report on Tuesday. Barclays PLC lifted their price objective on Swift Transportation from $33.00 to $37.00 and gave the stock an “underweight” rating in a report on Monday, October 2nd. UBS AG reduced their price objective on Swift Transportation from $53.00 to $51.00 and set a “buy” rating for the company in a report on Tuesday, November 7th. Finally, ValuEngine raised Swift Transportation from a “hold” rating to a “buy” rating in a report on Tuesday, September 12th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $41.13.

Swift Transportation (KNX) traded down $0.34 on Tuesday, hitting $38.04. The stock had a trading volume of 2,254,200 shares, compared to its average volume of 1,705,000. The firm has a market cap of $6,829.07, a PE ratio of 28.78 and a beta of 2.07. Swift Transportation has a 1-year low of $26.68 and a 1-year high of $44.45. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.14.

Swift Transportation (NYSE:KNX) last issued its quarterly earnings data on Monday, November 6th. The transportation company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.05). The firm had revenue of $521.61 million for the quarter, compared to analyst estimates of $1.33 billion. Swift Transportation had a return on equity of 7.48% and a net margin of 2.44%. During the same period in the prior year, the firm posted $0.34 earnings per share. sell-side analysts expect that Swift Transportation will post 1.13 EPS for the current fiscal year.

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Several large investors have recently made changes to their positions in the company. Eaton Vance Management grew its position in shares of Swift Transportation by 0.6% in the second quarter. Eaton Vance Management now owns 8,052 shares of the transportation company’s stock valued at $298,000 after purchasing an additional 49 shares during the period. Oppenheimer Asset Management Inc. grew its position in shares of Swift Transportation by 0.9% in the second quarter. Oppenheimer Asset Management Inc. now owns 10,069 shares of the transportation company’s stock valued at $373,000 after purchasing an additional 85 shares during the period. US Bancorp DE grew its position in shares of Swift Transportation by 0.3% in the second quarter. US Bancorp DE now owns 29,263 shares of the transportation company’s stock valued at $1,084,000 after purchasing an additional 92 shares during the period. Granite Investment Partners LLC grew its position in shares of Swift Transportation by 0.4% in the second quarter. Granite Investment Partners LLC now owns 23,751 shares of the transportation company’s stock valued at $880,000 after purchasing an additional 92 shares during the period. Finally, Arizona State Retirement System grew its position in shares of Swift Transportation by 0.3% in the second quarter. Arizona State Retirement System now owns 34,810 shares of the transportation company’s stock valued at $1,290,000 after purchasing an additional 100 shares during the period.

Swift Transportation Company Profile

Knight Transportation, Inc is a provider of multiple truckload transportation and logistics services, which involve the movement of trailer or container loads of freight from origin to destination for a single customer. The Company operates through two segments: Trucking and Logistics. Its Trucking segment consists of three operating units: dry van truckload, temperature-controlled truckload and drayage services.

Analyst Recommendations for Swift Transportation (NYSE:KNX)

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