Bank of America Reiterates “Neutral” Rating for Schneider National (NYSE:SNDR)

Schneider National (NYSE:SNDR)‘s stock had its “neutral” rating reaffirmed by research analysts at Bank of America in a note issued to investors on Friday,Benzinga reports. They currently have a $25.00 price objective on the stock, down from their previous price objective of $34.00. Bank of America‘s target price would suggest a potential upside of 6.51% from the company’s previous close.

SNDR has been the topic of several other research reports. Susquehanna reduced their price target on shares of Schneider National from $32.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. cut their price target on Schneider National from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Stephens reaffirmed an “equal weight” rating and set a $30.00 price objective (down previously from $32.00) on shares of Schneider National in a research note on Monday, February 3rd. Stifel Nicolaus boosted their target price on shares of Schneider National from $28.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company lowered their price target on shares of Schneider National from $32.00 to $25.00 and set an “equal weight” rating for the company in a report on Thursday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $28.69.

Schneider National Trading Up 0.1 %

NYSE SNDR opened at $23.47 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 market capitalization of $4.12 billion, a P/E ratio of 36.11, a P/E/G ratio of 0.54 and a beta of 0.87. Schneider National has a 52-week low of $20.50 and a 52-week high of $33.90. The firm has a 50-day moving average price of $26.84 and a 200 day moving average price of $28.52.

Schneider National (NYSE:SNDR) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.20 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.20. Schneider National had a net margin of 2.21% and a return on equity of 4.12%. During the same quarter in the previous year, the firm posted $0.16 EPS. Equities research analysts expect that Schneider National will post 1.12 EPS for the current year.

Hedge Funds Weigh In On Schneider National

Several hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC increased its position in Schneider National by 52.6% in the 4th quarter. GAMMA Investing LLC now owns 1,306 shares of the company’s stock valued at $38,000 after acquiring an additional 450 shares during the period. Huntington National Bank grew its stake in shares of Schneider National by 237.9% in the fourth quarter. Huntington National Bank now owns 1,416 shares of the company’s stock worth $41,000 after purchasing an additional 997 shares in the last quarter. SRS Capital Advisors Inc. increased its holdings in shares of Schneider National by 74.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,434 shares of the company’s stock valued at $42,000 after purchasing an additional 612 shares during the period. Blue Trust Inc. raised its stake in shares of Schneider National by 489.1% during the fourth quarter. Blue Trust Inc. now owns 1,626 shares of the company’s stock valued at $46,000 after purchasing an additional 1,350 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Schneider National in the fourth quarter worth about $48,000. 28.54% of the stock is currently 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.