NEW YORK (TheStreet) -- Shares of Swift Transportation (SWFT) were advancing on heavy trading volume mid-Tuesday afternoon after the transportation services company reported better-than-anticipated 2016 third quarter earnings.

Late yesterday, the Phoenix-based company posted adjusted earnings of 34 cents per share, topping Wall Street's projections of 32 cents per share.

Operating revenue was $1.01 billion in the quarter; analysts were looking for $1.03 billion.

For the full year, Swift expects adjusted earnings per share between $1.30 and $1.40. Wall Street anticipates adjusted earnings of $1.35 per share for 2016.

UBS upgraded the stock to "buy" from "neutral" and raised its price target to $24 from $22 this morning, the Fly reports.

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The firm said that Swift's third quarter results revealed "solid execution," and added that the stock has a "compelling" risk/reward.

More than 4.12 million Swift shares have traded hands so far today vs. the 30-day average volume of 2.09 million shares.

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Ratings rated this stock as a "buy" with a ratings score of B.

The company's strengths can be seen in multiple areas, such as its solid stock price performance and notable return on equity. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

You can view the full analysis from the report here: SWFT

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