Schneider National (NYSE:SNDR) Given New $26.00 Price Target at Susquehanna

Schneider National (NYSE:SNDR) had its price target reduced by equities researchers at Susquehanna from $29.00 to $26.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Susquehanna’s target price would indicate a potential downside of 16.59% from the stock’s current price.

A number of other equities analysts have also commented on SNDR. Robert W. Baird raised their target price on shares of Schneider National from $26.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. The Goldman Sachs Group lowered their target price on shares of Schneider National from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Benchmark raised their target price on shares of Schneider National from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Stifel Nicolaus downgraded shares of Schneider National from a “buy” rating to a “hold” rating and set a $25.00 price objective for the company. in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. upped their target price on Schneider National from $24.00 to $30.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Schneider National currently has a consensus rating of “Hold” and an average price target of $27.62.

Schneider National Stock Performance

SNDR traded up $0.73 during mid-day trading on Thursday, reaching $31.17. 144,431 shares of the company traded hands, compared to its average volume of 821,153. The stock has a market capitalization of $5.46 billion, a P/E ratio of 47.98, a P/E/G ratio of 2.90 and a beta of 0.85. The company has a quick ratio of 1.46, a current ratio of 1.59 and a debt-to-equity ratio of 0.04. The company’s fifty day moving average price is $27.82 and its 200-day moving average price is $25.23. Schneider National has a 52-week low of $20.50 and a 52-week high of $31.24.

Schneider National (NYSE:SNDR) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.05). Schneider National had a net margin of 2.18% and a return on equity of 4.08%. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.33 billion. On average, sell-side analysts expect that Schneider National will post 0.84 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Innealta Capital LLC acquired a new position in Schneider National during the second quarter valued at approximately $53,000. DekaBank Deutsche Girozentrale bought a new position in Schneider National during the 3rd quarter worth $73,000. Hilltop National Bank increased its stake in Schneider National by 28.5% during the 2nd quarter. Hilltop National Bank now owns 3,044 shares of the company’s stock worth $74,000 after acquiring an additional 676 shares during the period. SG Americas Securities LLC bought a new position in shares of Schneider National in the 3rd quarter valued at $109,000. Finally, Hills Bank & Trust Co bought a new stake in Schneider National during the 3rd quarter worth $112,000. 28.54% of the stock is currently owned by institutional investors.

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.