Schneider National (NYSE:SNDR) Stock Price Target Lowered at Susquehanna

Schneider National (NYSE:SNDR) had its target price cut by stock analysts at Susquehanna from $36.00 to $34.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Susquehanna‘s price objective would suggest a potential upside of 20.60% from the stock’s previous close.

A number of other research firms have also issued reports on SNDR. Zacks Research lowered Schneider National from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Schneider National in a report on Tuesday. UBS Group lowered their price target on Schneider National from $31.00 to $30.00 and set a “neutral” rating on the stock in a report on Friday, October 30th. Wall Street Zen lowered Schneider National from a “buy” rating to a “hold” rating in a research report on Saturday, October 31st. Finally, JPMorgan Chase & Co. reduced their price objective on Schneider National from $35.00 to $30.00 and set a “neutral” rating for the company in a research note on Monday, October 5th. Five research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $32.92.

Schneider National Trading Down 5.4%

Shares of SNDR opened at $28.19 on Friday. The business’s 50-day moving average price is $31.99 and its 200 day moving average price is $31.90. The stock has a market capitalization of $4.94 billion, a P/E ratio of 34.81, a P/E/G ratio of 0.64 and a beta of 1.21. Schneider National has a 1-year low of $20.51 and a 1-year high of $39.27. The company has a current ratio of 2.06, a quick ratio of 1.94 and a debt-to-equity ratio of 0.12.

Schneider National (NYSE:SNDR) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Schneider National had a net margin of 2.38% and a return on equity of 4.82%. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the prior year, the firm earned $0.12 EPS. The firm’s revenue was up 9.2% compared to the same quarter last year. Analysts expect that Schneider National will post 1.05 earnings per share for the current year.

Institutional Investors Weigh In On Schneider National

A number of institutional investors have recently modified their holdings of the stock. WINTON GROUP Ltd purchased a new position in shares of Schneider National during the 2nd quarter valued at $942,000. Renaissance Technologies LLC increased its stake in shares of Schneider National by 437.1% in the first quarter. Renaissance Technologies LLC now owns 153,600 shares of the company’s stock worth $4,049,000 after acquiring an additional 125,000 shares during the last quarter. Edgestream Partners L.P. acquired a new position in shares of Schneider National in the first quarter worth $2,995,000. Quantinno Capital Management LP increased its stake in shares of Schneider National by 44.1% in the first quarter. Quantinno Capital Management LP now owns 1,993,186 shares of the company’s stock worth $52,540,000 after acquiring an additional 610,020 shares during the last quarter. Finally, Great Lakes Advisors LLC purchased a new stake in shares of Schneider National during the second quarter worth $3,300,000. Institutional investors and hedge funds own 28.54% of the company’s stock.

About Schneider National

Schneider National, Inc (NYSE: SNDR) is a transportation and logistics company headquartered in Green Bay, Wisconsin. Founded in 1935 by Al Schneider, the company began as a one-truck operation and has grown into a provider of freight transportation and supply chain services.

Schneider’s services include truckload transportation, dedicated transportation, intermodal transportation, brokerage, and logistics management. Its offerings support a range of shipping needs, including long-haul freight, dedicated fleet operations, rail-connected transportation, port drayage, and supply chain planning.

The company primarily serves customers throughout the United States, Canada, and Mexico.