Benchmark Reaffirms “Buy” Rating for Schneider National (NYSE:SNDR)

Schneider National (NYSE:SNDR)‘s stock had its “buy” rating reissued by equities research analysts at Benchmark in a research note issued on Tuesday, Benzinga reports. They currently have a $27.00 price objective on the stock. Benchmark’s target price points to a potential upside of 12.36% from the stock’s current price.

SNDR has been the subject of a number of other reports. Bank of America decreased their price target on Schneider National from $25.00 to $23.00 and set a “neutral” rating for the company in a research note on Monday, April 15th. Raymond James began coverage on Schneider National in a research note on Wednesday, May 15th. They set a “market perform” rating for the company. Robert W. Baird decreased their price target on Schneider National from $29.00 to $27.00 and set an “outperform” rating for the company in a research note on Thursday, April 4th. Wells Fargo & Company started coverage on Schneider National in a research note on Friday, June 7th. They set an “equal weight” rating and a $23.00 price objective for the company. Finally, TD Cowen reduced their price objective on Schneider National from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, May 3rd. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $27.86.

Schneider National Stock Up 0.8 %

SNDR opened at $24.03 on Tuesday. Schneider National has a 12 month low of $20.50 and a 12 month high of $31.74. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.44 and a quick ratio of 1.32. The stock has a market cap of $4.22 billion, a P/E ratio of 27.31, a P/E/G ratio of 2.15 and a beta of 0.85. The stock’s 50 day moving average price is $22.33 and its 200 day moving average price is $23.11.

Schneider National (NYSE:SNDR) last posted its earnings results on Thursday, May 2nd. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.02). The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.36 billion. Schneider National had a net margin of 2.95% and a return on equity of 5.55%. The firm’s revenue was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.55 earnings per share. As a group, research analysts predict that Schneider National will post 0.89 earnings per share for the current year.

Institutional Trading of Schneider National

Several hedge funds and other institutional investors have recently modified their holdings of SNDR. Invesco Ltd. raised its holdings in shares of Schneider National by 33.5% during the third quarter. Invesco Ltd. now owns 228,063 shares of the company’s stock worth $6,315,000 after acquiring an additional 57,183 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Schneider National by 211.5% during the third quarter. Tower Research Capital LLC TRC now owns 12,190 shares of the company’s stock valued at $338,000 after buying an additional 8,277 shares in the last quarter. Schonfeld Strategic Advisors LLC raised its holdings in Schneider National by 103.2% during the third quarter. Schonfeld Strategic Advisors LLC now owns 107,100 shares of the company’s stock valued at $2,966,000 after buying an additional 54,400 shares in the last quarter. Earnest Partners LLC raised its holdings in Schneider National by 24.3% during the third quarter. Earnest Partners LLC now owns 1,715,651 shares of the company’s stock valued at $47,506,000 after buying an additional 335,004 shares in the last quarter. Finally, Bullseye Asset Management LLC bought a new position in Schneider National during the third quarter valued at about $2,048,000. Institutional investors and hedge funds own 28.54% of the company’s stock.

About Schneider National

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.