Schneider National (NYSE:SNDR) Upgraded to “Buy” at Bank of America

Schneider National (NYSE:SNDR) was upgraded by equities researchers at Bank of America from an “underperform” rating to a “buy” rating in a note issued to investors on Thursday, FinViz reports. The firm presently has a $34.00 price objective on the stock. Bank of America‘s target price suggests a potential upside of 11.70% from the company’s previous close.

A number of other analysts have also weighed in on SNDR. The Goldman Sachs Group decreased their target price on shares of Schneider National from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Citigroup started coverage on Schneider National in a research report on Wednesday, October 9th. They issued a “neutral” rating and a $29.00 price objective on the stock. JPMorgan Chase & Co. boosted their target price on Schneider National from $24.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Robert W. Baird raised their price target on Schneider National from $26.00 to $30.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Finally, Stifel Nicolaus downgraded Schneider National from a “buy” rating to a “hold” rating and set a $25.00 price target for the company. in a research report on Thursday, August 8th. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $27.92.

Schneider National Trading Up 4.7 %

Shares of SNDR opened at $30.44 on Thursday. Schneider National has a twelve month low of $20.50 and a twelve month high of $30.90. The stock has a market cap of $5.33 billion, a PE ratio of 46.83, 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 business’s 50-day moving average price is $27.82 and its 200-day moving average price is $25.23.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SNDR. Innealta Capital LLC bought a new stake in Schneider National in the second quarter valued at $53,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Schneider National in the 3rd quarter worth about $73,000. Hilltop National Bank lifted its position in shares of Schneider National by 28.5% in the 2nd quarter. Hilltop National Bank now owns 3,044 shares of the company’s stock worth $74,000 after purchasing an additional 676 shares during the period. SG Americas Securities LLC bought a new stake in shares of Schneider National during the 3rd quarter valued at about $109,000. Finally, Hills Bank & Trust Co purchased a new position in shares of Schneider National during the third quarter valued at about $112,000. 28.54% of the stock is owned by hedge funds and other 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.