Schneider National (NYSE:SNDR) Stock Price Expected to Rise, TD Cowen Analyst Says

Schneider National (NYSE:SNDR) had its price objective hoisted by analysts at TD Cowen from $32.00 to $34.00 in a research report issued on Tuesday, Marketbeat reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s target price would suggest a potential upside of 3.50% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Benchmark increased their price objective on Schneider National from $27.00 to $30.00 and gave the company a “buy” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. cut their price target on Schneider National from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Bank of America upgraded Schneider National from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $27.00 to $34.00 in a research note on Thursday, November 7th. Susquehanna cut their target price on shares of Schneider National from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Finally, Stifel Nicolaus boosted their price target on shares of Schneider National from $25.00 to $27.00 and gave the company a “hold” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $29.08.

Schneider National Stock Down 1.3 %

Shares of NYSE:SNDR opened at $32.85 on Tuesday. Schneider National has a 1 year low of $20.50 and a 1 year high of $33.60. The company has a market capitalization of $5.75 billion, a PE ratio of 52.98, a price-to-earnings-growth ratio of 3.88 and a beta of 0.85. The business has a fifty day moving average price of $28.97 and a two-hundred day moving average price of $26.21. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.66 and a quick ratio of 1.53.

Schneider National (NYSE:SNDR) last posted 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). The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.33 billion. Schneider National had a net margin of 2.10% and a return on equity of 3.92%. Analysts forecast that Schneider National will post 0.7 earnings per share for the current year.

Institutional Trading of Schneider National

A number of hedge funds have recently made changes to their positions in SNDR. Innealta Capital LLC bought a new position in shares of Schneider National during the 2nd quarter valued at about $53,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Schneider National during the third quarter worth approximately $73,000. Hilltop National Bank raised its position in Schneider National by 28.5% in the 2nd quarter. Hilltop National Bank now owns 3,044 shares of the company’s stock worth $74,000 after purchasing an additional 676 shares during the period. Quarry LP bought a new stake in Schneider National in the third quarter worth $90,000. Finally, SG Americas Securities LLC purchased a new stake in Schneider National during the third quarter valued at about $109,000. 28.54% of the stock is 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.