Stifel Nicolaus Forecasts Strong Price Appreciation for Schneider National (NYSE:SNDR) Stock

Schneider National (NYSE:SNDR) had its price objective upped by research analysts at Stifel Nicolaus from $25.00 to $27.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ price objective indicates a potential downside of 14.80% from the stock’s current price.

SNDR has been the topic of a number of other research reports. Bank of America raised Schneider National from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $27.00 to $34.00 in a report on Thursday, November 7th. JPMorgan Chase & Co. lowered their price target on shares of Schneider National from $30.00 to $29.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Citigroup assumed coverage on shares of Schneider National in a research note on Wednesday, October 9th. They issued a “neutral” rating and a $29.00 price objective for the company. TD Cowen upped their target price on shares of Schneider National from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Susquehanna reduced their price target 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. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Schneider National presently has a consensus rating of “Hold” and an average price target of $28.31.

Schneider National Stock Down 0.4 %

SNDR stock opened at $31.69 on Monday. The stock has a market capitalization of $5.55 billion, a PE ratio of 51.11, a price-to-earnings-growth ratio of 3.78 and a beta of 0.85. The company has a fifty day moving average of $28.17 and a 200-day moving average of $25.54. 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 has a one year low of $20.50 and a one year high of $32.14.

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

Institutional Investors Weigh In On Schneider National

Hedge funds have recently modified their holdings of the company. Cerity Partners LLC raised its position in shares of Schneider National by 19.2% in the third quarter. Cerity Partners LLC now owns 58,447 shares of the company’s stock valued at $1,668,000 after buying an additional 9,419 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Schneider National by 11.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 819,333 shares of the company’s stock valued at $23,384,000 after acquiring an additional 83,439 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of Schneider National by 10.4% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 695,533 shares of the company’s stock worth $19,851,000 after purchasing an additional 65,720 shares during the period. Commerce Bank boosted its holdings in shares of Schneider National by 87.9% during the third quarter. Commerce Bank now owns 16,075 shares of the company’s stock worth $459,000 after purchasing an additional 7,520 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its position in shares of Schneider National by 1.7% in the third quarter. Thrivent Financial for Lutherans now owns 2,914,631 shares of the company’s stock valued at $83,184,000 after purchasing an additional 48,905 shares during the period. 28.54% of the stock is 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.