TD Cowen Issues Positive Forecast for Schneider National (NYSE:SNDR) Stock Price

Schneider National (NYSE:SNDR) had its target price lifted by TD Cowen from $28.00 to $32.00 in a note issued to investors on Friday,Briefing.com Automated Import reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s target price indicates a potential upside of 1.46% from the stock’s previous close.

SNDR has been the topic of a number of other reports. Evercore ISI reduced their price target on shares of Schneider National from $27.00 to $26.00 and set an “in-line” rating for the company in a report on Thursday. Benchmark increased their price target on shares of Schneider National from $27.00 to $30.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Robert W. Baird raised their price objective on shares of Schneider National from $26.00 to $30.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. reduced their price objective on shares of Schneider National from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Thursday. Finally, 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 report on Thursday, August 8th. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Schneider National has an average rating of “Hold” and an average target price of $28.08.

Schneider National Trading Up 3.4 %

SNDR stock traded up $1.03 during midday trading on Friday, hitting $31.54. The stock had a trading volume of 433,608 shares, compared to its average volume of 823,969. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.59 and a quick ratio of 1.46. The firm has a market cap of $5.53 billion, a PE ratio of 50.76, a price-to-earnings-growth ratio of 3.10 and a beta of 0.85. The company’s 50-day moving average price is $27.90 and its 200 day moving average price is $25.26. Schneider National has a 12-month low of $20.50 and a 12-month high of $31.71.

Schneider National (NYSE:SNDR) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). Schneider National had a return on equity of 3.92% and a net margin of 2.10%. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.33 billion. On average, equities research analysts predict that Schneider National will post 0.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SNDR. Russell Investments Group Ltd. lifted its holdings in Schneider National by 76.5% in the 1st quarter. Russell Investments Group Ltd. now owns 281,747 shares of the company’s stock worth $6,379,000 after purchasing an additional 122,077 shares in the last quarter. Tidal Investments LLC bought a new stake in Schneider National in the 1st quarter worth approximately $468,000. Louisiana State Employees Retirement System bought a new stake in Schneider National in the 3rd quarter worth approximately $648,000. BNP Paribas Financial Markets increased its stake in Schneider National by 4,602.7% in the 1st quarter. BNP Paribas Financial Markets now owns 135,862 shares of the company’s stock worth $3,076,000 after acquiring an additional 132,973 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in Schneider National in the 1st quarter worth approximately $489,000. 28.54% of the stock is currently owned by institutional investors.

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.