Schneider National (NYSE:SNDR) Given New $31.00 Price Target at JPMorgan Chase & Co.

Schneider National (NYSE:SNDR) had its price objective cut by stock analysts at JPMorgan Chase & Co. from $32.00 to $31.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 4.60% from the stock’s previous close.

Several other equities research analysts have also commented on the company. The Goldman Sachs Group lowered their price objective 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. Wells Fargo & Company upped their target price on Schneider National from $31.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Friday. Stifel Nicolaus upped their target price on Schneider National from $28.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Susquehanna upped their target price on Schneider National from $31.00 to $32.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Benchmark upped their target price on Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. 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’s stock. According to MarketBeat.com, Schneider National currently has a consensus rating of “Hold” and a consensus price target of $30.69.

Schneider National Stock Performance

NYSE SNDR traded down $0.55 during trading hours on Friday, reaching $29.64. The stock had a trading volume of 336,151 shares, compared to its average volume of 848,147. The stock has a fifty day moving average of $30.37 and a 200 day moving average of $28.63. The stock has a market cap of $5.19 billion, a P/E ratio of 47.80, a price-to-earnings-growth ratio of 1.90 and a beta of 0.93. Schneider National has a 52-week low of $20.50 and a 52-week high of $33.90. 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 (NYSE:SNDR) last issued its earnings results on Thursday, January 30th. The company reported $0.20 EPS for the quarter, meeting analysts’ consensus estimates of $0.20. Schneider National had a return on equity of 3.92% and a net margin of 2.10%. During the same period last year, the company earned $0.16 EPS. Sell-side analysts predict that Schneider National will post 0.7 earnings per share for the current year.

Insider Activity at Schneider National

In other Schneider National news, EVP Thomas G. Jackson sold 18,248 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $33.07, for a total transaction of $603,461.36. Following the sale, the executive vice president now directly owns 66,526 shares in the company, valued at approximately $2,200,014.82. The trade was a 21.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Mark B. Rourke sold 32,057 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $33.10, for a total value of $1,061,086.70. Following the sale, the chief operating officer now owns 266,887 shares in the company, valued at approximately $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. Insiders have sold a total of 66,555 shares of company stock worth $2,153,011 over the last three months. 32.68% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Schneider National

Several institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its position in shares of Schneider National by 52.6% in the fourth quarter. GAMMA Investing LLC now owns 1,306 shares of the company’s stock worth $38,000 after buying an additional 450 shares during the period. Blue Trust Inc. boosted its holdings in Schneider National by 489.1% in the fourth quarter. Blue Trust Inc. now owns 1,626 shares of the company’s stock valued at $46,000 after purchasing an additional 1,350 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in Schneider National in the fourth quarter valued at about $59,000. DekaBank Deutsche Girozentrale purchased a new position in Schneider National in the third quarter valued at about $73,000. Finally, Quarry LP purchased a new position in Schneider National in the third quarter valued at about $90,000. 28.54% of the stock is currently owned by institutional investors and hedge funds.

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.