Wells Fargo & Company Has Lowered Expectations for Schneider National (NYSE:SNDR) Stock Price

Schneider National (NYSE:SNDR) had its price target lowered by equities researchers at Wells Fargo & Company from $32.00 to $25.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 6.54% from the company’s current price.

SNDR has been the subject of a number of other reports. JPMorgan Chase & Co. reduced their target price on shares of Schneider National from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Susquehanna reduced their price target on Schneider National from $32.00 to $24.00 and set a “neutral” rating for the company in a research report on Wednesday. Stephens reaffirmed an “equal weight” rating and set a $30.00 price objective (down from $32.00) on shares of Schneider National in a research report on Monday, February 3rd. Stifel Nicolaus increased their target price on shares of Schneider National from $28.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Finally, Benchmark upped their price target on shares of Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. One equities research 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, the stock has a consensus rating of “Hold” and an average price target of $29.69.

Schneider National Stock Performance

Schneider National stock opened at $23.47 on Thursday. 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 has a fifty-two week low of $20.50 and a fifty-two week high of $33.90. The stock has a market cap of $4.12 billion, a price-to-earnings ratio of 36.10, a PEG ratio of 0.54 and a beta of 0.87. The stock’s 50 day simple moving average is $26.99 and its two-hundred day simple moving average is $28.56.

Schneider National (NYSE:SNDR) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.20 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.20. Schneider National had a net margin of 2.21% and a return on equity of 4.12%. During the same quarter last year, the company posted $0.16 earnings per share. As a group, analysts expect that Schneider National will post 1.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Schneider National

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vise Technologies Inc. acquired a new position in Schneider National in the 4th quarter worth approximately $219,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Schneider National by 15.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 151,253 shares of the company’s stock worth $4,429,000 after purchasing an additional 20,779 shares in the last quarter. Woodline Partners LP acquired a new stake in Schneider National in the fourth quarter valued at approximately $8,453,000. Squarepoint Ops LLC acquired a new position in shares of Schneider National during the 4th quarter worth approximately $847,000. Finally, Two Sigma Advisers LP raised its stake in shares of Schneider National by 40.4% during the 4th quarter. Two Sigma Advisers LP now owns 702,900 shares of the company’s stock worth $20,581,000 after buying an additional 202,100 shares during the period. 28.54% of the stock is owned by hedge funds and other institutional investors.

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.