KeyCorp upgraded shares of Swift Transportation Company (NYSE:KNX) from a sector weight rating to an overweight rating in a report released on Tuesday.

A number of other equities analysts also recently commented on the company. Zacks Investment Research downgraded Swift Transportation from a hold rating to a sell rating in a report on Tuesday, October 24th. ValuEngine upgraded Swift Transportation from a hold rating to a buy rating in a report on Tuesday, September 12th. J P Morgan Chase & Co initiated coverage on Swift Transportation in a report on Thursday, October 12th. They issued a neutral rating and a $39.00 price objective on the stock. Deutsche Bank AG set a $45.00 price objective on Swift Transportation and gave the stock a buy rating in a report on Monday, July 31st. Finally, Seaport Global Securities reiterated a buy rating on shares of Swift Transportation in a report on Thursday, September 21st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $41.13.

Swift Transportation (NYSE:KNX) traded up $0.71 during trading hours on Tuesday, reaching $38.75. The company had a trading volume of 2,023,300 shares, compared to its average volume of 1,706,447. Swift Transportation has a 12-month low of $26.68 and a 12-month high of $44.45. The firm has a market capitalization of $6,768.57, a P/E ratio of 28.53 and a beta of 2.07. 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 released its quarterly earnings data on Monday, November 6th. The transportation company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.05). Swift Transportation had a return on equity of 7.48% and a net margin of 2.44%. The firm had revenue of $521.61 million during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the company posted $0.34 EPS. equities analysts predict that Swift Transportation will post 1.13 earnings per share for the current year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 27th. Stockholders of record on Friday, December 1st will be given a $0.06 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.24 annualized dividend and a dividend yield of 0.62%.

Hedge funds have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Swift Transportation by 11.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,794 shares of the transportation company’s stock worth $104,000 after purchasing an additional 288 shares during the period. Riverhead Capital Management LLC lifted its position in Swift Transportation by 58.2% in the second quarter. Riverhead Capital Management LLC now owns 5,063 shares of the transportation company’s stock worth $187,000 after purchasing an additional 1,863 shares during the period. Victory Capital Management Inc. lifted its position in Swift Transportation by 17.6% in the second quarter. Victory Capital Management Inc. now owns 5,385 shares of the transportation company’s stock worth $200,000 after purchasing an additional 807 shares during the period. Teacher Retirement System of Texas bought a new position in Swift Transportation in the second quarter worth $202,000. Finally, Toronto Dominion Bank bought a new position in Swift Transportation in the third quarter worth $234,000.

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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