Wells Fargo & Company Issues Pessimistic Forecast for Schneider National (NYSE:SNDR) Stock Price

Schneider National (NYSE:SNDR) had its price target cut by analysts at Wells Fargo & Company from $32.00 to $25.00 in a report released on Thursday, March 27th,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 12.56% from the company’s current price.

Several other research analysts have also recently issued reports on SNDR. Stephens reissued an “equal weight” rating and issued a $30.00 target price (down from $32.00) on shares of Schneider National in a research report on Monday, February 3rd. Stifel Nicolaus upped their target price on shares of Schneider National from $28.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Susquehanna cut their price objective on shares of Schneider National from $32.00 to $24.00 and set a “neutral” rating for the company in a research report on Wednesday, March 26th. JPMorgan Chase & Co. lowered their target price on Schneider National from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Finally, Benchmark raised their price objective on Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $28.43.

Schneider National Stock Down 5.8 %

SNDR traded down $1.36 during trading on Thursday, hitting $22.21. 216,548 shares of the company’s stock traded hands, compared to its average volume of 811,881. The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of 34.17, a PEG ratio of 0.54 and a beta of 1.10. The company’s 50 day simple moving average is $26.30 and its two-hundred day simple moving average is $28.41. Schneider National has a 12-month low of $20.50 and a 12-month high of $33.90.

Schneider National (NYSE:SNDR) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. Schneider National had a net margin of 2.21% and a return on equity of 4.12%. During the same quarter in the previous year, the business earned $0.16 earnings per share. Analysts predict that Schneider National will post 1.12 earnings per share for the current fiscal year.

Institutional Trading of Schneider National

A number of large investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its holdings in shares of Schneider National by 780.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 12,761 shares of the company’s stock valued at $372,000 after purchasing an additional 11,312 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Schneider National by 15.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 130,474 shares of the company’s stock worth $3,724,000 after buying an additional 17,573 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Schneider National by 18.4% in the 3rd quarter. Geode Capital Management LLC now owns 746,272 shares of the company’s stock worth $21,305,000 after buying an additional 115,814 shares in the last quarter. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Schneider National in the 3rd quarter worth about $9,157,000. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Schneider National during the 4th quarter valued at about $997,000. Institutional investors own 28.54% of the company’s stock.

Schneider National Company Profile

Schneider National, Inc, together with its subsidiaries, provides surface transportation and logistics solutions in the United States, Canada, and Mexico. It operates through three segments: Truckload, Intermodal, and Logistics. The Truckload segment offers over the road freight transportation services primarily through dry van, bulk, temperature-controlled, and flat-bed trailers across either network or dedicated configurations.