Schneider National (NYSE:SNDR) Rating Increased to Buy at Bank of America

Schneider National (NYSE:SNDR) was upgraded by equities research analysts at Bank of America from an “underperform” rating to a “buy” rating in a report released on Thursday, Marketbeat Ratings reports. The firm currently has a $34.00 target price on the stock, up from their prior target price of $27.00. Bank of America‘s price objective indicates a potential upside of 8.04% from the company’s previous close.

Several other research analysts have also commented on SNDR. JPMorgan Chase & Co. increased their price target on shares of Schneider National from $24.00 to $30.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Benchmark lifted their price target on shares of Schneider National from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Evercore ISI cut their target price on shares of Schneider National from $28.00 to $27.00 and set an “in-line” rating for the company in a research report on Thursday, October 3rd. Robert W. Baird increased their price objective on Schneider National from $26.00 to $30.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Finally, Citigroup initiated coverage on shares of Schneider National in a research note on Wednesday, October 9th. They issued a “neutral” rating and a $29.00 target price for the company. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $28.08.

Schneider National Trading Up 3.1 %

Shares of NYSE SNDR opened at $31.47 on Thursday. The company has a current ratio of 1.59, a quick ratio of 1.46 and a debt-to-equity ratio of 0.04. Schneider National has a one year low of $20.50 and a one year high of $31.71. The business has a 50-day moving average price of $27.99 and a two-hundred day moving average price of $25.34. The firm has a market capitalization of $5.51 billion, a PE ratio of 50.76, a PEG ratio of 3.10 and a beta of 0.85.

Schneider National (NYSE:SNDR) last released its earnings results on Wednesday, November 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Schneider National had a return on equity of 3.92% and a net margin of 2.10%. As a group, analysts predict that Schneider National will post 0.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Schneider National

Several institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets increased its position in shares of Schneider National by 4,602.7% during the 1st quarter. BNP Paribas Financial Markets now owns 135,862 shares of the company’s stock worth $3,076,000 after purchasing an additional 132,973 shares in the last quarter. Duality Advisers LP acquired a new position in Schneider National in the first quarter valued at about $335,000. Envestnet Portfolio Solutions Inc. grew its stake in Schneider National by 18.6% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 13,662 shares of the company’s stock worth $309,000 after buying an additional 2,140 shares during the last quarter. Quantbot Technologies LP increased its holdings in shares of Schneider National by 43.0% during the first quarter. Quantbot Technologies LP now owns 80,698 shares of the company’s stock worth $1,827,000 after buying an additional 24,278 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Schneider National by 244.5% in the first quarter. SG Americas Securities LLC now owns 70,335 shares of the company’s stock valued at $1,592,000 after acquiring an additional 49,921 shares during the last quarter. 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.