Schneider National (NYSE:SNDR) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Schneider National (NYSE:SNDR) had its price objective boosted by research analysts at Stifel Nicolaus from $27.00 to $28.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential downside of 8.89% from the company’s previous close.

Several other analysts have also commented on SNDR. Benchmark raised their price target on shares of Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. dropped their target price on Schneider National from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Susquehanna reduced their price target on Schneider National from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Citigroup lowered Schneider National from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $32.00 to $30.00 in a report on Tuesday, November 12th. Finally, Bank of America boosted their price objective on Schneider National from $35.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Schneider National currently has a consensus rating of “Hold” and an average price target of $29.15.

Schneider National Stock Performance

NYSE SNDR opened at $30.73 on Wednesday. The firm has a market capitalization of $5.38 billion, a P/E ratio of 49.57, a PEG ratio of 1.76 and a beta of 0.93. The stock has a 50-day simple moving average of $30.64 and a two-hundred day simple moving average of $28.19. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.66. Schneider National has a fifty-two week low of $20.50 and a fifty-two week high of $33.90.

Schneider National (NYSE:SNDR) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.05). Schneider National had a net margin of 2.10% and a return on equity of 3.92%. The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.33 billion. On average, equities analysts forecast that Schneider National will post 0.7 earnings per share for the current year.

Insider Transactions at Schneider National

In other Schneider National news, EVP Thomas G. Jackson sold 18,248 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $33.07, for a total transaction of $603,461.36. Following the completion of the transaction, the executive vice president now owns 66,526 shares in the company, valued at $2,200,014.82. The trade was a 21.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Mark B. Rourke sold 32,057 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $33.10, for a total transaction of $1,061,086.70. Following the completion of the sale, the chief operating officer now owns 266,887 shares in the company, valued at $8,833,959.70. The trade was a 10.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,555 shares of company stock valued at $2,153,011. 32.68% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Schneider National

Several large investors have recently bought and sold shares of SNDR. Deprince Race & Zollo Inc. acquired a new position in shares of Schneider National during the 2nd quarter worth about $30,072,000. State Street Corp lifted its stake in Schneider National by 75.4% during the third quarter. State Street Corp now owns 1,730,769 shares of the company’s stock worth $49,545,000 after purchasing an additional 743,800 shares during the last quarter. Encompass Capital Advisors LLC acquired a new position in Schneider National in the second quarter valued at approximately $12,376,000. Earnest Partners LLC increased its stake in Schneider National by 25.5% in the second quarter. Earnest Partners LLC now owns 2,166,146 shares of the company’s stock valued at $52,334,000 after purchasing an additional 440,545 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC purchased a new position in Schneider National in the third quarter valued at approximately $9,157,000. Hedge funds and other 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.