Schneider National (NYSE:SNDR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Thursday. The firm currently has a $30.00 target price on the stock. Zacks Investment Research‘s price target would suggest a potential upside of 12.82% from the stock’s current price.
According to Zacks, “Schneider National, Inc. is a transportation and logistics services company. It provide portfolio of premier truckload, intermodal and logistics solutions. The company operates primarily in Canada, the United States and Mexico. Schneider National, Inc. is based in Green Bay, United States. “
Other equities research analysts have also recently issued reports about the stock. Stifel Nicolaus lifted their price target on shares of Schneider National from $29.00 to $31.00 and gave the company a “hold” rating in a research report on Monday, August 6th. Morgan Stanley lifted their price target on shares of Schneider National from $36.00 to $37.00 and gave the company an “overweight” rating in a research report on Friday, August 3rd. ValuEngine cut shares of Schneider National from a “buy” rating to a “hold” rating in a research report on Friday, June 29th. Finally, Bank of America cut shares of Schneider National from a “buy” rating to an “underperform” rating and dropped their price objective for the company from $35.00 to $27.00 in a report on Thursday, August 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $30.67.
Shares of SNDR opened at $26.59 on Thursday. Schneider National has a 1-year low of $22.52 and a 1-year high of $30.52. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of 28.29, a P/E/G ratio of 1.36 and a beta of 0.87. The company has a quick ratio of 2.27, a current ratio of 2.41 and a debt-to-equity ratio of 0.21.
Schneider National (NYSE:SNDR) last announced its quarterly earnings results on Thursday, August 2nd. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. Schneider National had a net margin of 9.28% and a return on equity of 11.61%. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same period last year, the business earned $0.23 earnings per share. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. equities research analysts predict that Schneider National will post 1.52 earnings per share for the current fiscal year.
In related news, insider Steven J. Matheys sold 30,000 shares of Schneider National stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $26.71, for a total value of $801,300.00. Following the completion of the transaction, the insider now owns 778,897 shares in the company, valued at $20,804,338.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James R. Giertz acquired 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 28th. The stock was acquired at an average price of $26.92 per share, with a total value of $107,680.00. Following the acquisition, the director now directly owns 12,237 shares of the company’s stock, valued at approximately $329,420.04. The disclosure for this purchase can be found here. Insiders own 43.46% of the company’s stock.
Several hedge funds have recently made changes to their positions in SNDR. BlueMountain Capital Management LLC acquired a new position in Schneider National during the 2nd quarter worth approximately $135,000. Signet Financial Management LLC acquired a new position in Schneider National during the 2nd quarter worth approximately $135,000. Convergence Investment Partners LLC acquired a new position in Schneider National during the 2nd quarter worth approximately $213,000. NumerixS Investment Technologies Inc acquired a new position in Schneider National during the 2nd quarter worth approximately $214,000. Finally, Janus Henderson Group PLC acquired a new position in Schneider National during the 2nd quarter worth approximately $221,000. Hedge funds and other institutional investors own 24.09% of the company’s stock.
Schneider National Company Profile
Schneider National, Inc, a transportation and logistics services company, provides truckload, intermodal, and logistics solutions in North America. Its Truckload segment provides standard long-haul and regional shipping services through dry van equipment; and bulk, temperature-controlled, final mile delivery, and customized solutions for time-sensitive loads.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Schneider National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schneider National and related companies with MarketBeat.com's FREE daily email newsletter.