Schneider National (NYSE:SNDR) had its price target decreased by research analysts at Robert W. Baird from $29.00 to $28.00 in a research note issued on Friday. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s target price suggests a potential upside of 27.97% from the company’s current price.
A number of other research firms have also recently issued reports on SNDR. Morgan Stanley lifted their target price on shares of Schneider National from $36.00 to $37.00 and gave the company an “overweight” rating in a research note on Friday, August 3rd. Bank of America cut shares of Schneider National from a “buy” rating to an “underperform” rating and reduced their target price for the company from $35.00 to $27.00 in a research note on Thursday, August 9th. Stifel Nicolaus boosted their price objective on shares of Schneider National from $29.00 to $31.00 and gave the stock a “hold” rating in a research note on Monday, August 6th. Zacks Investment Research upgraded shares of Schneider National from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Thursday, September 6th. Finally, Wolfe Research cut shares of Schneider National from a “peer perform” rating to an “underperform” rating in a research note on Friday, October 5th. Two analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $29.00.
NYSE SNDR traded down $0.98 during trading on Friday, reaching $21.88. The company’s stock had a trading volume of 1,002,024 shares, compared to its average volume of 1,077,036. The company has a quick ratio of 2.27, a current ratio of 2.41 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $3.80 billion, a PE ratio of 23.28, a price-to-earnings-growth ratio of 1.08 and a beta of 0.97. Schneider National has a 1-year low of $20.14 and a 1-year high of $30.52.
Schneider National (NYSE:SNDR) last posted its earnings results on Thursday, November 1st. The company reported $0.40 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.40. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Schneider National had a net margin of 9.28% and a return on equity of 11.61%. The company’s revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.23 earnings per share. As a group, equities analysts anticipate that Schneider National will post 1.53 EPS for the current year.
In related news, Director James R. Giertz bought 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 28th. The shares were acquired at an average price of $26.92 per share, with a total value of $107,680.00. Following the completion of the transaction, the director now owns 12,237 shares of the company’s stock, valued at approximately $329,420.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Mark B. Rourke sold 30,000 shares of the business’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $27.50, for a total transaction of $825,000.00. Following the transaction, the chief operating officer now directly owns 608,291 shares in the company, valued at approximately $16,728,002.50. The disclosure for this sale can be found here. 43.46% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN lifted its position in Schneider National by 86.6% during the 3rd quarter. Wells Fargo & Company MN now owns 307,179 shares of the company’s stock valued at $7,673,000 after purchasing an additional 142,532 shares during the period. Chicago Equity Partners LLC lifted its position in Schneider National by 223.3% during the 3rd quarter. Chicago Equity Partners LLC now owns 43,990 shares of the company’s stock valued at $1,099,000 after purchasing an additional 30,385 shares during the period. Engineers Gate Manager LP lifted its position in Schneider National by 66.8% during the 3rd quarter. Engineers Gate Manager LP now owns 69,529 shares of the company’s stock valued at $1,737,000 after purchasing an additional 27,849 shares during the period. Kaizen Advisory LLC acquired a new position in Schneider National during the 3rd quarter valued at about $956,000. Finally, Victory Capital Management Inc. lifted its position in Schneider National by 25.3% during the 3rd quarter. Victory Capital Management Inc. now owns 114,691 shares of the company’s stock valued at $2,865,000 after purchasing an additional 23,152 shares during the period. 24.12% of the stock is currently owned by institutional investors and hedge funds.
About Schneider National
Schneider National, Inc, a transportation and logistics services company, provides truckload, intermodal, and logistics solutions in North America. Its Truckload segment provides standard long-haul and regional shipping services through dry van equipment; and bulk, temperature-controlled, final mile delivery, and customized solutions for time-sensitive loads.
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