Schneider National (NYSE:SNDR) Price Target Lowered to $24.00 at Susquehanna

Schneider National (NYSE:SNDR) had its target price reduced by equities researchers at Susquehanna from $32.00 to $24.00 in a research report issued on Wednesday, MarketBeat reports. The firm presently has a “neutral” rating on the stock. Susquehanna’s price objective indicates a potential upside of 2.25% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Stifel Nicolaus increased their price objective on Schneider National from $28.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. reduced their price target on shares of Schneider National from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Bank of America increased their price objective on shares of Schneider National from $35.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Wells Fargo & Company boosted their target price on shares of Schneider National from $31.00 to $32.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Finally, Benchmark lifted their price objective on Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $29.69.

Schneider National Stock Performance

Shares of SNDR stock opened at $23.47 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’s fifty day moving average price is $26.84 and its 200-day moving average price is $28.52. The stock has a market cap of $4.12 billion, a PE ratio of 36.11, a price-to-earnings-growth ratio of 0.54 and a beta of 0.87. Schneider National has a 12 month low of $20.50 and a 12 month high of $33.90.

Schneider National (NYSE:SNDR) last issued its earnings results on Thursday, January 30th. The company reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20. Schneider National had a net margin of 2.21% and a return on equity of 4.12%. During the same period in the prior year, the firm earned $0.16 EPS. On average, equities analysts expect that Schneider National will post 1.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SNDR. First Trust Advisors LP lifted its position in shares of Schneider National by 87.8% in the fourth quarter. First Trust Advisors LP now owns 2,200,452 shares of the company’s stock valued at $64,429,000 after acquiring an additional 1,028,789 shares in the last quarter. State Street Corp grew its holdings in Schneider National by 75.4% during the 3rd quarter. State Street Corp now owns 1,730,769 shares of the company’s stock valued at $49,545,000 after buying an additional 743,800 shares in the last quarter. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Schneider National during the third quarter valued at approximately $9,157,000. American Century Companies Inc. lifted its holdings in shares of Schneider National by 14.2% in the fourth quarter. American Century Companies Inc. now owns 2,469,951 shares of the company’s stock worth $72,320,000 after buying an additional 306,275 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its position in shares of Schneider National by 4,324.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 312,562 shares of the company’s stock worth $9,152,000 after acquiring an additional 305,497 shares during the last quarter. Institutional investors 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.