The Knight Transportation (KNX) Issues Q2 Earnings Guidance

Swift Transportation Co (NYSE:SWFT) opened at 23.83 on Wednesday. They presently have a $27.00 price target on the stock, up from their prior price target of $14.31.

KNX has a 1-year high price of $ 38.73 and 1-year low price of $24.22.

Several other research analysts have also recently issued reports on the stock.

Under the terms of the transaction, Swift shareholders will receive only 0.72 of a share of Knight for each share of Swift stock they own.

Stock of Knight Transportation, Inc. Finally, Stifel Nicolaus reissued a "hold" rating and set a $23.00 price target (down from $24.00) on shares of Swift Transportation in a report on Saturday, March 11th. Zacks Investment Research downgraded shares of Swift Transportation from a "hold" rating to a "strong sell" rating in a report on Saturday, December 17th. Stephens cut shares of Swift Transportation from an "overweight" rating to an "equal weight" rating in a report on Tuesday.

Swift Transportation Company (NYSE:SWFT) announces that it expects Diluted Earnings Per Share ("Diluted EPS") to be between $0.09 - $0.10 and Adjusted EPS ("Adjusted EPS") to be within the range of $0.11 to $0.12 for the first quarter of 2017. According to the most recently released broker notes, 7 analysts have a rating of "strong buy" on the stock, 5 analysts "buy", 5 analysts "neutral", 0 analysts "sell" and 0 analysts "strong sell".

The target price for Knight Transportation Inc.

Swift Transportation Company (NYSE:SWFT) closed down -1.54 points or -6.46% at $22.29 with 7.06 mln shares exchanging hands. However the price at the close of last session was -3.15% lower than its 50-day moving average and 1.34% over its 200-day moving average. Swift Transportation has a 1-year low of $14.31 and a 1-year high of $27.18.

Swift Transportation (NYSE:SWFT) last issued its earnings results on Thursday, January 26th. As per the consensus estimate, the company's year-on-year revenue growth is expected to be at 1.03% during the period. Knight Transportation had a net margin of 8.30% and a return on equity of 12.58%. During the same period a year ago, the firm earned $0.53 EPS. The company's quarterly revenue was down.6% compared to the same quarter previous year. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and global trademark and copyright law. Swift Transportation Company (SWFT) has made its way to a 12-month gain of 39.85%.

In other news, Director Strategic Value Partners, Llc acquired 805,000 shares of the stock in a transaction on Sunday, January 22nd. There may be various price targets for a stock.

If you own shares of Swift stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. Vident Investment Advisory LLC now owns 137,063 shares of the company's stock valued at $3,339,000 after buying an additional 1,097 shares in the last quarter.

During the latest trading session Knight Transportation, Inc. Company insiders own 44.90% of the company's stock. Coyle Financial Counsel LLC boosted its stake in shares of Swift Transportation by 1.8% in the third quarter. The company's market cap is $3.31 Billion, and the average volume is 2.58 Million.

10/25/2016 - Aegis Capital began new coverage on Swift Transportation Company giving the company a " rating.

  • Zachary Reyes