Schneider National (NYSE:SNDR) Price Target Cut to $24.00 by Analysts at Susquehanna

Schneider National (NYSE:SNDR) had its price objective lowered by equities researchers at Susquehanna from $32.00 to $24.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Susquehanna’s price target would suggest a potential upside of 2.61% from the company’s previous close.

Several other analysts have also commented on the company. TD Cowen raised their target price on Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Benchmark raised their price objective on shares of Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Stephens reiterated an “equal weight” rating and issued a $30.00 target price (down from $32.00) on shares of Schneider National in a research note on Monday, February 3rd. Stifel Nicolaus increased their price target 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, JPMorgan Chase & Co. cut their price objective 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. 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 stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $30.23.

Schneider National Stock Performance

Shares of NYSE SNDR opened at $23.39 on Wednesday. The company has a 50 day simple moving average of $27.12 and a two-hundred day simple moving average of $28.59. The stock has a market cap of $4.10 billion, a price-to-earnings ratio of 35.98, a PEG ratio of 0.54 and a beta of 0.87. The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. Schneider National has a 12 month low of $20.50 and a 12 month high of $33.90.

Schneider National (NYSE:SNDR) last posted its earnings results on Thursday, January 30th. The company reported $0.20 earnings per share (EPS) 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 in the prior year, the firm earned $0.16 earnings per share. As a group, analysts predict that Schneider National will post 1.12 earnings per share for the current year.

Institutional Investors Weigh In On Schneider National

Several large investors have recently bought and sold shares of SNDR. Dimensional Fund Advisors LP boosted its stake in shares of Schneider National by 3.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,410,100 shares of the company’s stock worth $129,128,000 after acquiring an additional 144,133 shares during the last quarter. Vanguard Group Inc. boosted its stake in Schneider National by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 4,369,533 shares of the company’s stock worth $127,940,000 after purchasing an additional 172,418 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Schneider National by 14.2% during 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. First Trust Advisors LP raised 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 buying an additional 1,028,789 shares during the last quarter. Finally, GW&K Investment Management LLC lifted its stake in shares of Schneider National by 8.7% in the fourth quarter. GW&K Investment Management LLC now owns 1,987,843 shares of the company’s stock worth $58,204,000 after buying an additional 158,505 shares in the last quarter. 28.54% of the stock is currently 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.