Benchmark Issues Positive Forecast for Schneider National (NYSE:SNDR) Stock Price

Schneider National (NYSE:SNDR) had its price target hoisted by research analysts at Benchmark from $32.00 to $34.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Benchmark’s price objective indicates a potential upside of 2.16% from the company’s previous close.

A number of other brokerages also recently weighed in on SNDR. TD Cowen increased their price target on shares of Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday. Stifel Nicolaus increased their price target on shares of Schneider National from $25.00 to $27.00 and gave the company a “hold” rating in a report on Monday, November 11th. Bank of America increased their price target on shares of Schneider National from $35.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. dropped their price objective on shares of Schneider National from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Finally, Robert W. Baird increased their price objective on shares of Schneider National from $26.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $29.08.

Schneider National Price Performance

NYSE SNDR opened at $33.28 on Wednesday. The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The company has a fifty day simple moving average of $28.87 and a 200 day simple moving average of $26.13. The company has a market cap of $5.83 billion, a P/E ratio of 53.68, a P/E/G ratio of 3.88 and a beta of 0.85. Schneider National has a 1 year low of $20.50 and a 1 year high of $33.47.

Schneider National (NYSE:SNDR) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.18 earnings per share 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 company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.33 billion. On average, sell-side analysts predict that Schneider National will post 0.7 EPS for the current year.

Institutional Investors Weigh In On Schneider National

A number of hedge funds have recently made changes to their positions in SNDR. Innealta Capital LLC acquired a new stake in shares of Schneider National during the 2nd quarter worth about $53,000. DekaBank Deutsche Girozentrale acquired a new stake in Schneider National in the 3rd quarter valued at about $73,000. Hilltop National Bank increased its position in Schneider National by 28.5% in the 2nd quarter. Hilltop National Bank now owns 3,044 shares of the company’s stock valued at $74,000 after acquiring an additional 676 shares in the last quarter. Quarry LP acquired a new stake in Schneider National in the 3rd quarter valued at about $90,000. Finally, SG Americas Securities LLC acquired a new stake in Schneider National in the 3rd quarter valued at about $109,000. Institutional investors and hedge funds own 28.54% of the company’s stock.

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.