Schneider National (NYSE:SNDR) Stock Rating Upgraded by Citigroup

Schneider National (NYSE:SNDR) was upgraded by investment analysts at Citigroup from a “sell” rating to a “neutral” rating in a report released on Tuesday, Marketbeat reports. The firm currently has a $23.00 target price on the stock, down from their prior target price of $25.00. Citigroup’s target price points to a potential downside of 0.82% from the stock’s current price.

Several other equities analysts also recently weighed in on the stock. Wells Fargo & Company decreased their price target on shares of Schneider National from $32.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 27th. Susquehanna decreased their price target on shares of Schneider National from $32.00 to $24.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 26th. Bank of America restated a “neutral” rating and set a $25.00 price objective (down from $34.00) on shares of Schneider National in a research report on Friday, March 28th. JPMorgan Chase & Co. cut their price objective on shares of Schneider National from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Finally, National Bankshares set a $25.00 price objective on shares of Schneider National in a research report on Friday, March 28th. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Schneider National currently has a consensus rating of “Hold” and a consensus target price of $27.93.

Schneider National Stock Performance

SNDR opened at $23.19 on Tuesday. The firm’s fifty day simple moving average is $25.19 and its two-hundred day simple moving average is $28.11. 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 company has a market cap of $4.07 billion, a price-to-earnings ratio of 35.68, a PEG ratio of 0.54 and a beta of 1.10. Schneider National has a 52-week low of $20.50 and a 52-week high of $33.90.

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 the consensus estimate of $0.20. Schneider National had a net margin of 2.21% and a return on equity of 4.12%. During the same period in the prior year, the company earned $0.16 EPS. Equities analysts anticipate that Schneider National will post 1.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC lifted its stake in Schneider National by 780.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 12,761 shares of the company’s stock worth $372,000 after acquiring an additional 11,312 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Schneider National by 15.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 130,474 shares of the company’s stock worth $3,724,000 after acquiring an additional 17,573 shares during the last quarter. Geode Capital Management LLC lifted its stake in Schneider National by 18.4% in the third quarter. Geode Capital Management LLC now owns 746,272 shares of the company’s stock worth $21,305,000 after acquiring an additional 115,814 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in Schneider National in the fourth quarter worth approximately $997,000. Finally, State Street Corp lifted its stake in Schneider National by 75.4% in the third quarter. State Street Corp now owns 1,730,769 shares of the company’s stock worth $49,545,000 after acquiring an additional 743,800 shares during the last quarter. Institutional investors and hedge funds own 28.54% of the company’s stock.

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.