Bank of America Raises Schneider National (NYSE:SNDR) Price Target to $28.00

Schneider National (NYSE:SNDR) had its price target lifted by research analysts at Bank of America from $26.00 to $28.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Bank of America‘s price target would suggest a potential upside of 3.03% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the company. Stifel Nicolaus upped their target price on Schneider National from $25.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Erste Group Bank upgraded Schneider National from a “hold” rating to a “buy” rating in a report on Thursday, September 11th. UBS Group cut shares of Schneider National from a “buy” rating to a “neutral” rating and raised their price target for the company from $25.00 to $26.00 in a report on Friday, September 5th. Zacks Research lowered shares of Schneider National from a “hold” rating to a “strong sell” rating in a report on Monday, October 13th. Finally, Raymond James Financial raised Schneider National from a “market perform” rating to an “outperform” rating and set a $28.00 price target for the company in a report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $26.20.

Schneider National Price Performance

Shares of SNDR stock opened at $27.18 on Wednesday. The stock has a 50 day moving average price of $23.56 and a 200 day moving average price of $23.95. The firm has a market capitalization of $4.76 billion, a P/E ratio of 42.42, a P/E/G ratio of 1.07 and a beta of 1.09. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.93 and a current ratio of 2.11. Schneider National has a 52-week low of $20.11 and a 52-week high of $31.19.

Schneider National (NYSE:SNDR) last issued its earnings results on Thursday, October 30th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.09). The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Schneider National had a net margin of 2.03% and a return on equity of 4.04%. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.18 earnings per share. Schneider National has set its FY 2025 guidance at 0.700-0.950 EPS. As a group, sell-side analysts predict that Schneider National will post 1.12 earnings per share for the current year.

Institutional Trading of Schneider National

Large investors have recently bought and sold shares of the business. WPG Advisers LLC purchased a new stake in shares of Schneider National during the 1st quarter valued at approximately $25,000. Quarry LP acquired a new stake in Schneider National in the first quarter valued at approximately $32,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Schneider National by 2,425.4% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,692 shares of the company’s stock worth $36,000 after purchasing an additional 1,625 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new position in shares of Schneider National during the 2nd quarter worth about $37,000. Finally, KBC Group NV raised its holdings in Schneider National by 86.3% during the second quarter. KBC Group NV now owns 2,290 shares of the company’s stock worth $55,000 after purchasing an additional 1,061 shares in the last quarter. Hedge funds and other institutional investors own 28.54% of the company’s stock.

About Schneider National

Schneider National, Inc is a leading provider of transportation and logistics services in North America. The company offers a full spectrum of solutions, including truckload transportation, intermodal services and dedicated logistics. Through these offerings, Schneider supports the movement of goods ranging from dry van freight to refrigerated and flatbed shipments, while also providing customized supply chain management and warehousing capabilities.

Founded in 1935 by Al Schneider as a single-truck operation in Green Bay, Wisconsin, the company has grown into one of the industry’s most recognized carriers.