Cowen & Co. Believes Swift Transp (NYSE: SWFT) Still Has Room to Grow

By Jason Carr

Cowen & Co. analyst Jason Seidl reiterated a Buy rating on Swift Transp (NYSE: SWFT) today and set a price target of $25. The company’s shares closed on Friday at $26.87, close to its 52-week high of $27.67.

According to, Seidl is a 5-star analyst with an average return of 8.7% and a 64.2% success rate. Seidl covers the Services sector, focusing on stocks such as Covenant Transportation Group, Expeditors International, and Echo Global Logistics.

Currently, the analyst consensus on Swift Transp is Moderate Buy and the average price target is $26.67, representing a -0.7% downside.

In a report issued on August 15, Robert W. Baird also reiterated a Buy rating on the stock with a $28 price target.

The company has a one year high of $27.67 and a one year low of $18.40. Currently, Swift Transp has an average volume of 1.26M.

Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Richard Stocking, the President of SWFT sold 126,722 shares for a total of $3,459,534.

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Swift Transportation Co. engages in the provision of transportation solutions. It operates through the following segments: Truckload, Dedicated, Swift Refrigerated, and Intermodal. The Truckload segment consists of one-way movements over irregular routes throughout the United States, Mexico, and Canada.