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

Schneider National (NYSE:SNDR) had its target price hoisted by stock analysts at Bank of America from $35.00 to $38.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Bank of America‘s target price would indicate a potential upside of 15.68% from the company’s previous close.

A number of other equities analysts have also recently commented on SNDR. Susquehanna reduced their price objective 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. Evercore ISI cut their price objective on shares of Schneider National from $27.00 to $26.00 and set an “in-line” rating for the company in a research report on Thursday, November 7th. TD Cowen boosted their target price on Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday. Stifel Nicolaus upped their price objective on Schneider National from $25.00 to $27.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Finally, Robert W. Baird upped their price objective on Schneider National from $26.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $29.08.

Schneider National Stock Down 1.3 %

Schneider National stock opened at $32.85 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.66 and a quick ratio of 1.53. The firm has a market capitalization of $5.75 billion, a price-to-earnings ratio of 53.35, a PEG ratio of 3.88 and a beta of 0.85. The company’s 50 day simple moving average is $28.97 and its 200 day simple moving average is $26.21. Schneider National has a fifty-two week low of $20.50 and a fifty-two week high of $33.60.

Schneider National (NYSE:SNDR) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.18 earnings per share (EPS) 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 business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.33 billion. As a group, sell-side analysts anticipate that Schneider National will post 0.7 EPS for the current year.

Hedge Funds Weigh In On Schneider National

Hedge funds have recently made changes to their positions in the business. Deprince Race & Zollo Inc. bought a new stake in Schneider National in the second quarter worth $30,072,000. State Street Corp increased its position in Schneider National by 75.4% during the third quarter. State Street Corp now owns 1,730,769 shares of the company’s stock valued at $49,545,000 after acquiring an additional 743,800 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Schneider National during the second quarter valued at $15,216,000. Encompass Capital Advisors LLC purchased a new stake in Schneider National in the second quarter worth about $12,376,000. Finally, Earnest Partners LLC increased its position in Schneider National by 25.5% in the second quarter. Earnest Partners LLC now owns 2,166,146 shares of the company’s stock worth $52,334,000 after buying an additional 440,545 shares in the last quarter. 28.54% of the stock is owned by hedge funds and other 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.