Schneider National (NYSE:SNDR) Given New $32.00 Price Target at TD Cowen

Schneider National (NYSE:SNDR) had its price objective increased by equities researchers at TD Cowen from $28.00 to $32.00 in a report issued on Friday,Briefing.com Automated Import reports. The firm presently has a “buy” rating on the stock. TD Cowen’s price objective suggests a potential upside of 1.46% from the company’s current price.

Other research analysts also recently issued research reports about the stock. The Goldman Sachs Group decreased their price target on shares of Schneider National from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Bank of America upgraded shares of Schneider National from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $27.00 to $34.00 in a research note on Thursday. Evercore ISI decreased their price target on shares of Schneider National from $27.00 to $26.00 and set an “in-line” rating for the company in a research note on Thursday. Robert W. Baird lifted their price target on shares of Schneider National from $26.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. cut their price objective on shares of Schneider National from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Schneider National currently has a consensus rating of “Hold” and a consensus target price of $28.08.

Schneider National Stock Performance

NYSE SNDR traded up $1.03 during mid-day trading on Friday, reaching $31.54. 433,608 shares of the stock were exchanged, compared to its average volume of 823,969. The business’s 50 day moving average is $27.90 and its 200-day moving average is $25.26. Schneider National has a 1 year low of $20.50 and a 1 year high of $31.71. The company has a market capitalization of $5.53 billion, a P/E ratio of 50.76, a P/E/G ratio of 3.10 and a beta of 0.85. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.46 and a current ratio of 1.59.

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 the consensus estimate of $0.23 by ($0.05). The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Schneider National had a net margin of 2.10% and a return on equity of 3.92%. On average, equities research analysts forecast that Schneider National will post 0.83 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans boosted its stake in shares of Schneider National by 1.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,914,631 shares of the company’s stock worth $83,184,000 after purchasing an additional 48,905 shares during the last quarter. Mutual of America Capital Management LLC acquired a new stake in shares of Schneider National during the 3rd quarter worth about $202,000. Natixis Advisors LLC boosted its stake in shares of Schneider National by 23.9% during the 3rd quarter. Natixis Advisors LLC now owns 32,937 shares of the company’s stock worth $940,000 after purchasing an additional 6,359 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of Schneider National by 1.3% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 114,941 shares of the company’s stock worth $3,280,000 after purchasing an additional 1,424 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Schneider National by 12.1% during the 3rd quarter. Victory Capital Management Inc. now owns 77,351 shares of the company’s stock worth $2,208,000 after purchasing an additional 8,328 shares during the last quarter. Institutional investors and hedge funds own 28.54% of the company’s stock.

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.