Schneider National (NYSE:SNDR) Given New $32.00 Price Target at Wells Fargo & Company

Schneider National (NYSE:SNDR) had its target price boosted by investment analysts at Wells Fargo & Company from $31.00 to $32.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential upside of 7.31% from the stock’s current price.

Several other equities analysts have also recently weighed in on SNDR. Bank of America increased their price objective on shares of Schneider National from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Citigroup downgraded shares of Schneider National from a “neutral” rating to a “sell” rating and lowered their price target for the company from $32.00 to $30.00 in a report on Tuesday, November 12th. JPMorgan Chase & Co. dropped their price objective on Schneider National from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. The Goldman Sachs Group reduced their price target on shares of Schneider National from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Finally, Evercore ISI decreased their target price on Schneider National from $27.00 to $26.00 and set an “in-line” rating on the stock in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Schneider National currently has an average rating of “Hold” and an average target price of $30.54.

Schneider National Stock Down 1.2 %

Shares of NYSE SNDR traded down $0.37 during midday trading on Friday, hitting $29.82. The stock had a trading volume of 87,675 shares, compared to its average volume of 836,221. The business’s 50 day moving average is $30.37 and its 200-day moving average is $28.63. Schneider National has a 52 week low of $20.50 and a 52 week high of $33.90. The company has a quick ratio of 1.53, a current ratio of 1.66 and a debt-to-equity ratio of 0.04. The company has a market cap of $5.22 billion, a P/E ratio of 48.25, a PEG ratio of 1.90 and a beta of 0.93.

Schneider National (NYSE:SNDR) last announced its quarterly 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 return on equity of 3.92% and a net margin of 2.10%. During the same quarter in the prior year, the company earned $0.16 EPS. As a group, analysts predict that Schneider National will post 0.7 EPS for the current year.

Insider Buying and Selling at Schneider National

In other news, EVP Thomas G. Jackson sold 18,248 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $33.07, for a total transaction of $603,461.36. Following the transaction, the executive vice president now directly owns 66,526 shares of the company’s stock, valued at approximately $2,200,014.82. This represents a 21.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Mark B. Rourke sold 32,057 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $33.10, for a total value of $1,061,086.70. Following the completion of the sale, the chief operating officer now directly owns 266,887 shares of the company’s stock, valued at $8,833,959.70. The trade was a 10.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 66,555 shares of company stock worth $2,153,011 over the last quarter. Insiders own 32.68% of the company’s stock.

Hedge Funds Weigh In On Schneider National

Hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. purchased a new stake in shares of Schneider National in the third quarter worth about $6,327,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Schneider National by 15.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 130,474 shares of the company’s stock worth $3,724,000 after purchasing an additional 17,573 shares during the period. Geode Capital Management LLC increased its holdings in shares of Schneider National by 18.4% during the 3rd quarter. Geode Capital Management LLC now owns 746,272 shares of the company’s stock valued at $21,305,000 after purchasing an additional 115,814 shares in the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Schneider National in the 3rd quarter valued at $9,157,000. Finally, Louisiana State Employees Retirement System purchased a new stake in Schneider National during the third quarter worth $648,000. 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.