Schneider National (NYSE:SNDR) Stock Price Expected to Rise, Bank of America Analyst Says

Schneider National (NYSE:SNDR) had its price target boosted by equities research analysts at Bank of America from $35.00 to $38.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Bank of America‘s price target indicates a potential upside of 15.68% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the company. Susquehanna lowered their target price on Schneider National from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. TD Cowen upped their target price on Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday. The Goldman Sachs Group reduced their target price on Schneider National from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. JPMorgan Chase & Co. cut their price objective on Schneider National from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Finally, Evercore ISI cut their price objective on Schneider National from $27.00 to $26.00 and set an “in-line” rating on the stock in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $29.08.

Schneider National Trading Down 1.3 %

NYSE SNDR opened at $32.85 on Tuesday. Schneider National has a 12 month low of $20.50 and a 12 month high of $33.60. The stock has a market cap of $5.75 billion, a P/E ratio of 53.35, a P/E/G ratio of 3.88 and a beta of 0.85. The stock’s fifty day moving average price is $28.97 and its 200-day moving average price is $26.21. The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04.

Schneider National (NYSE:SNDR) last posted its earnings results on Wednesday, November 6th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). Schneider National had a net margin of 2.10% and a return on equity of 3.92%. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.33 billion. As a group, equities analysts forecast that Schneider National will post 0.7 EPS 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 business. Innealta Capital LLC acquired a new stake in Schneider National in the second quarter valued at approximately $53,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Schneider National in the 3rd quarter valued at $73,000. Hilltop National Bank raised its stake in shares of Schneider National by 28.5% in the 2nd quarter. Hilltop National Bank now owns 3,044 shares of the company’s stock valued at $74,000 after buying an additional 676 shares in the last quarter. Quarry LP acquired a new stake in shares of Schneider National during the 3rd quarter worth about $90,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Schneider National during the 3rd quarter worth about $109,000. 28.54% of the stock is currently owned by institutional investors.

About Schneider National

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.