Schneider National (NYSE:SNDR) Price Target Cut to $27.00

Schneider National (NYSE:SNDR) had its price target lowered by Evercore ISI from $28.00 to $27.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has an “in-line” rating on the stock. Evercore ISI’s target price indicates a potential upside of 0.07% from the company’s current price.

A number of other analysts also recently issued reports on the stock. Bank of America downgraded shares of Schneider National from a “neutral” rating to an “underperform” rating and set a $23.00 price objective for the company. in a report on Monday, July 22nd. Stifel Nicolaus downgraded Schneider National from a “buy” rating to a “hold” rating and set a $25.00 price target on the stock. in a research report on Thursday, August 8th. JPMorgan Chase & Co. lifted their price objective on Schneider National from $24.00 to $30.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Susquehanna increased their target price on Schneider National from $25.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, September 26th. Finally, UBS Group raised their price target on Schneider National from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $27.17.

Schneider National Trading Down 1.5 %

Shares of NYSE:SNDR opened at $26.98 on Thursday. Schneider National has a 12-month low of $20.50 and a 12-month high of $29.01. The business has a 50 day moving average of $27.31 and a 200-day moving average of $24.20. 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 stock has a market cap of $4.74 billion, a PE ratio of 30.66, a P/E/G ratio of 2.61 and a beta of 0.85.

Schneider National (NYSE:SNDR) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.03. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.35 billion. Schneider National had a return on equity of 4.08% and a net margin of 2.18%. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 EPS. As a group, equities research analysts forecast that Schneider National will post 0.85 earnings per share for the current year.

Insider Activity

In related news, insider Shaleen Devgun sold 10,000 shares of Schneider National stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $27.60, for a total transaction of $276,000.00. Following the sale, the insider now directly owns 55,726 shares of the company’s stock, valued at approximately $1,538,037.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 32.68% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Schneider National

Hedge funds have recently modified their holdings of the company. Innealta Capital LLC bought a new position in Schneider National in the second quarter valued at about $53,000. Hilltop National Bank boosted its position in Schneider National by 28.5% during the 2nd quarter. Hilltop National Bank now owns 3,044 shares of the company’s stock worth $74,000 after buying an additional 676 shares during the period. SG Americas Securities LLC bought a new stake in Schneider National during the 3rd quarter worth approximately $109,000. Covestor Ltd increased its position in Schneider National by 51.9% in the 1st quarter. Covestor Ltd now owns 7,661 shares of the company’s stock valued at $173,000 after acquiring an additional 2,617 shares during the period. Finally, FCG Investment Co bought a new position in shares of Schneider National during the first quarter valued at $205,000. 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.