Featured Stock to See: Swift Transportation Company (SWFT)

Swift Transportation Co

Baird upgraded its broker consensus on shares of Knight Transportation (NYSE:KNX) giving the company a "Outperform" rating. If the market is performing well and the stock is over-valued, KNX might be a good investment at this point but if the market is dropping down, you might not consider buying the stock.

Analyst recommendation for this stock stands at 2.30. Seaport Global Securities assumed coverage on Knight Transportation in a research report on Sunday, December 18th. They issued a "buy" rating and a $48.00 target price for the company.

Baird noted a target price of 36 on Knight Transportation's shares.

Rice Energy Inc (NYSE:RICE), after opening at $22.43, closed at $22.72 by scoring -0.83%. Also, the Hold rating count is 8 as of 04/18/17. The company has a consensus rating of "Hold" and an average target price of $25.66. The firm has "Outperform" rating given on Thursday, April 21 by Macquarie Research. Knight Transportation (NYSE:KNX) shares were trading -17.63% below from the 52-week high price mark of $38.73 and +31.25% above from the 52-week price bottom of $24.30. (KNX) now has a value of $31.9 while the company's 52 week low is at $24.30, the shares dropped to the 52 week low on 05/19/16. The firm has a market capitalization of $3.12 billion, a PE ratio of 21.28 and a beta of 1.71. The stock stands -0.85% below the average-price of 50 days and 0.39% compared with the SMA 20.

Swift Transportation (NYSE:SWFT) last released its quarterly earnings data on Thursday, January 26th.

Knight Transportation (NYSE:KNX)'s average revenue estimates for the current quarter are $282.85M according to 11 number of analysts. The company earned $289.10 million during the quarter, compared to analysts' expectations of $285.76 million. Swift Transportation had a return on equity of 29.46% and a net margin of 4.05%.

Analysts expect NIPPON STEEL & SUM ADR EACH REP 1 ORD SPON (OTCMKTS:NSSMY) to report $0.00 EPS on April, 27. During the same quarter in the previous year, the firm posted $0.36 earnings per share. If you are accessing this piece on another site, it was illegally copied and reposted in violation of USA & worldwide trademark and copyright legislation. The legal version of this piece can be viewed at https://transcriptdaily.com/2017/04/19/knight-transportation-knx-now-covered-by-vertical-group.html. The stock has been active on the tape, now trading at $22.82, down from yesterday's close by -0.65%. The ex-dividend date was Wednesday, March 1st. Bank of America upgraded Knight Transportation (NYSE:KNX) rating on Monday, February 22.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vident Investment Advisory LLC raised its position in shares of Swift Transportation by 0.8% in the fourth quarter. Bank of Montreal Can boosted its position in Knight Transportation by 91.5% in the first quarter. The number of shares now owned by investors are 133.06 mln. Finally, State Street Corp increased its position in Swift Transportation by 8.3% in the fourth quarter. Inc. raised its stake in Swift Transportation by 333.0% in the third quarter. Perhaps, that suggests something about why 0.18% of the outstanding share supply is held by institutional investors.

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.

Swift Transportation Company (SWFT) belongs to the "Services" sector with an industry focus on "Trucking", with Mr. Richard Stocking as Chief Exec. Officer and Pres. The Company's transportation services include dry van, dedicated, temperature controlled, cross border, and port drayage operations; rail intermodal; freight brokerage; and third-party logistics operations.

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