Schneider National (NYSE:SNDR) Stock Rating Upgraded by Bank of America

Schneider National (NYSE:SNDR) was upgraded by equities researchers at Bank of America from an “underperform” rating to a “buy” rating in a research report issued on Thursday, MarketBeat reports. The firm presently has a $34.00 target price on the stock, up from their prior target price of $27.00. Bank of America‘s target price suggests a potential upside of 8.04% from the stock’s previous close.

A number of other research analysts have also issued reports on SNDR. The Goldman Sachs Group reduced their price target on Schneider National from $26.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. JPMorgan Chase & Co. increased their target price on shares of Schneider National from $24.00 to $30.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Susquehanna raised their target price on shares of Schneider National from $25.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. Robert W. Baird upped their price target on shares of Schneider National from $26.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Finally, Evercore ISI lowered their price objective on shares of Schneider National from $28.00 to $27.00 and set an “in-line” rating on the stock in a research note on Thursday, October 3rd. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $28.08.

Schneider National Trading Up 3.1 %

Shares of NYSE:SNDR opened at $31.47 on Thursday. The company has a quick ratio of 1.46, a current ratio of 1.59 and a debt-to-equity ratio of 0.04. The company’s 50-day moving average price is $27.99 and its 200 day moving average price is $25.34. The company has a market cap of $5.51 billion, a PE ratio of 50.76, a P/E/G ratio of 3.10 and a beta of 0.85. Schneider National has a fifty-two week low of $20.50 and a fifty-two week high of $31.71.

Schneider National (NYSE:SNDR) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.05). The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.33 billion. Schneider National had a net margin of 2.10% and a return on equity of 3.92%. Sell-side analysts anticipate that Schneider National will post 0.83 earnings per share for the current year.

Institutional Investors Weigh In On Schneider National

Several large investors have recently modified their holdings of the stock. Deprince Race & Zollo Inc. acquired a new stake in shares of Schneider National during the second quarter worth $30,072,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Schneider National during the 2nd quarter worth about $15,216,000. Encompass Capital Advisors LLC purchased a new stake in Schneider National during the second quarter valued at about $12,376,000. Earnest Partners LLC lifted its stake in Schneider National by 25.5% during the second quarter. Earnest Partners LLC now owns 2,166,146 shares of the company’s stock valued at $52,334,000 after buying an additional 440,545 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Schneider National by 10.6% in the first quarter. Vanguard Group Inc. now owns 4,061,994 shares of the company’s stock worth $91,964,000 after buying an additional 388,913 shares during the period. 28.54% of the stock is owned by institutional investors.

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.