Schneider National Inc (SNDR) Coverage Initiated by Analysts at KeyCorp
Analysts at KeyCorp started coverage on shares of Schneider National Inc (NASDAQ:SNDR) in a report issued on Tuesday. The brokerage set a “sector weight” rating on the stock.
Other equities research analysts have also recently issued research reports about the company. BidaskClub upgraded Schneider National from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 12th. UBS AG reiterated a “buy” rating and issued a $30.00 price objective (up previously from $24.00) on shares of Schneider National in a research note on Friday, September 29th. Bank of America Corporation reiterated a “buy” rating and issued a $25.00 price objective (up previously from $23.00) on shares of Schneider National in a research note on Monday, July 10th. Zacks Investment Research cut Schneider National from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Finally, Robert W. Baird restated a “buy” rating and set a $28.00 price target on shares of Schneider National in a research note on Friday. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $24.13.
Shares of Schneider National (NASDAQ SNDR) traded down 0.37% during trading on Tuesday, hitting $24.40. 418,991 shares of the company traded hands. The company has a 50-day moving average of $23.48 and a 200-day moving average of $21.20. Schneider National has a 52-week low of $17.69 and a 52-week high of $26.85. The stock has a market capitalization of $4.31 billion and a PE ratio of 1.58.
Schneider National (NASDAQ:SNDR) last posted its earnings results on Tuesday, August 1st. The company reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. Schneider National had a return on equity of 13.37% and a net margin of 4.32%. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the business earned $0.28 earnings per share. The firm’s revenue was up 8.1% compared to the same quarter last year. Equities analysts expect that Schneider National will post $0.95 EPS for the current year.
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A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. acquired a new position in Schneider National during the second quarter worth $67,293,000. Associated Banc Corp acquired a new position in Schneider National during the second quarter worth $56,314,000. Schmidt P J Investment Management Inc. acquired a new position in Schneider National during the second quarter worth $37,752,000. Jennison Associates LLC acquired a new position in Schneider National during the second quarter worth $32,787,000. Finally, Citadel Advisors LLC acquired a new position in Schneider National during the second quarter worth $32,099,000.
Schneider National Company Profile
Schneider National, Inc is a provider of transportation, logistics and related services. The Company’s transportation solutions include one-way, intermodal, dedicated, bulk, transport management, trans loading services, international services and Schneider payment services. Its supply chain management and consulting services include logistics solution design, global supply chain services, enterprise and market entry assistance, and sourcing and compliance.
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