Schneider National (NYSE:SNDR) Price Target Cut to $22.00 by Analysts at Evercore ISI

Schneider National (NYSE:SNDR) had its target price dropped by equities research analysts at Evercore ISI from $23.00 to $22.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “in-line” rating on the stock. Evercore ISI’s price target would indicate a potential downside of 3.47% from the stock’s current price.

SNDR has been the topic of several other research reports. Wells Fargo & Company dropped their price target on Schneider National from $32.00 to $25.00 and set an “equal weight” rating on the stock in a report on Thursday, March 27th. Stephens reaffirmed an “equal weight” rating and set a $30.00 target price (down from $32.00) on shares of Schneider National in a research report on Monday, February 3rd. Benchmark decreased their price target on Schneider National from $34.00 to $31.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Susquehanna cut their price objective on Schneider National from $32.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday, March 26th. Finally, Citigroup raised shares of Schneider National from a “sell” rating to a “neutral” rating and reduced their price objective for the company from $25.00 to $23.00 in a research note on Tuesday, April 8th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Schneider National currently has an average rating of “Hold” and a consensus target price of $26.43.

Schneider National Trading Up 4.3 %

Shares of SNDR stock opened at $22.79 on Friday. 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 stock has a 50-day simple moving average of $23.22 and a 200 day simple moving average of $27.45. Schneider National has a fifty-two week low of $20.59 and a fifty-two week high of $33.90. The stock has a market capitalization of $4.00 billion, a P/E ratio of 35.06, a P/E/G ratio of 0.54 and a beta of 1.11.

Schneider National (NYSE:SNDR) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. Schneider National had a net margin of 2.21% and a return on equity of 4.12%. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the previous year, the company posted $0.11 EPS. The business’s revenue was up 6.3% compared to the same quarter last year. On average, sell-side analysts expect that Schneider National will post 1.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Schneider National

A number of hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its position in Schneider National by 3.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,410,100 shares of the company’s stock valued at $129,128,000 after purchasing an additional 144,133 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of 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 in the last quarter. American Century Companies Inc. lifted its holdings in shares of Schneider National by 14.2% during the 4th quarter. American Century Companies Inc. now owns 2,469,951 shares of the company’s stock valued at $72,320,000 after buying an additional 306,275 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Schneider National by 87.8% in the 4th 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 in the last quarter. Finally, GW&K Investment Management LLC increased its holdings in 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 during the last quarter. 28.54% of the stock is owned by institutional investors and hedge funds.

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.