Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $21.40 on Swift Transportation Company (NYSE:SWFT) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.35 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Swift Transportation Company (NYSE:SWFT) stands at 13.73.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Swift Transportation Company Cl, the PEG ratio for coming 3-5 years is 1.52.
The technical analysis highlights that Swift Transportation Company Cl current is trading $1.19 points away or +6.83% from its 50-day moving average of $17.42. Further it is trading $1.63 or +9.60% away its 200-day moving average of $16.98.
The 52-week high of Swift Transportation Company (NYSE:SWFT) was $23.47 while lowest point recorded in 52-week was $11.74. It implies if stock price makes a movement of over $-4.86, it will record a new 52-week high. In the case of +58.52% drop, it will touch a new 52-week low.
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