Bank of America Raises Schneider National (NYSE:SNDR) Price Target to $26.00

Schneider National (NYSE:SNDR) had its price target hoisted by analysts at Bank of America from $23.00 to $26.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Bank of America‘s target price indicates a potential upside of 6.54% from the company’s current price.

A number of other research analysts have also recently weighed in on SNDR. National Bankshares set a $25.00 price objective on shares of Schneider National in a research note on Friday, March 28th. UBS Group dropped their price objective on shares of Schneider National from $32.00 to $25.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Wells Fargo & Company dropped their price objective on shares of Schneider National from $32.00 to $25.00 and set an “equal weight” rating for the company in a research note on Thursday, March 27th. The Goldman Sachs Group dropped their price objective on shares of Schneider National from $28.00 to $23.00 and set a “neutral” rating for the company in a research note on Thursday, April 10th. Finally, Evercore ISI dropped their price objective on Schneider National from $23.00 to $22.00 and set an “in-line” rating for the company in a report on Friday, May 2nd. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $26.50.

Schneider National Price Performance

SNDR stock opened at $24.41 on Friday. The firm has a 50 day moving average of $22.81 and a 200-day moving average of $27.14. Schneider National has a 12-month low of $20.59 and a 12-month high of $33.90. The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The company has a market cap of $4.28 billion, a price-to-earnings ratio of 37.55, a PEG ratio of 0.54 and a beta of 1.11.

Schneider National (NYSE:SNDR) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.43 billion. During the same period last year, the firm earned $0.11 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, equities analysts expect that Schneider National will post 1.12 EPS for the current fiscal year.

Institutional Trading of Schneider National

Several large investors have recently added to or reduced their stakes in SNDR. First Trust Advisors LP increased its holdings in 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 purchasing an additional 1,028,789 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Schneider National by 2,481,000.0% in the 1st quarter. Jones Financial Companies Lllp now owns 645,086 shares of the company’s stock valued at $14,740,000 after purchasing an additional 645,060 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of Schneider National during the first quarter valued at about $7,477,000. American Century Companies Inc. grew its stake in shares of Schneider National by 14.2% during the fourth quarter. American Century Companies Inc. now owns 2,469,951 shares of the company’s stock valued at $72,320,000 after acquiring an additional 306,275 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its stake in shares of Schneider National by 4,324.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 312,562 shares of the company’s stock valued at $9,152,000 after acquiring an additional 305,497 shares in the last quarter. 28.54% of the stock is currently owned by institutional investors and hedge funds.

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.