Evercore ISI Issues Pessimistic Forecast for Schneider National (NYSE:SNDR) Stock Price

Schneider National (NYSE:SNDR) had its price objective decreased by equities researchers at Evercore ISI from $23.00 to $22.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “in-line” rating on the stock. Evercore ISI’s price objective suggests a potential downside of 3.47% from the stock’s previous close.

SNDR has been the topic of several other research reports. Bank of America reaffirmed a “neutral” rating and set a $25.00 price target (down previously from $34.00) on shares of Schneider National in a research report on Friday, March 28th. Stifel Nicolaus decreased their target price on Schneider National from $25.00 to $22.00 and set a “hold” rating for the company in a research report on Friday. The Goldman Sachs Group lowered their price target on Schneider National from $28.00 to $23.00 and set a “neutral” rating for the company in a report on Thursday, April 10th. Susquehanna reduced their price objective on Schneider National from $32.00 to $24.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 26th. Finally, Wells Fargo & Company lowered their target price on shares of Schneider National from $32.00 to $25.00 and set an “equal weight” rating for the company in a research note on Thursday, March 27th. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $26.43.

Schneider National Trading Up 4.3 %

Shares of SNDR opened at $22.79 on Friday. Schneider National has a one year low of $20.59 and a one year high of $33.90. The stock has a 50-day moving average price of $23.22 and a 200 day moving average price of $27.45. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.66. The company has a market capitalization of $4.00 billion, a P/E ratio of 35.06, a P/E/G ratio of 0.54 and a beta of 1.11.

Schneider National (NYSE:SNDR) last released its earnings results on Thursday, May 1st. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Schneider National had a return on equity of 4.12% and a net margin of 2.21%. The business’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.11 EPS. Sell-side analysts forecast that Schneider National will post 1.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Schneider National

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SNDR. First Trust Advisors LP grew its stake in shares of Schneider National by 87.8% in the fourth quarter. First Trust Advisors LP now owns 2,200,452 shares of the company’s stock worth $64,429,000 after purchasing an additional 1,028,789 shares in the last quarter. American Century Companies Inc. lifted its holdings in Schneider National by 14.2% in the fourth quarter. American Century Companies Inc. now owns 2,469,951 shares of the company’s stock worth $72,320,000 after purchasing an additional 306,275 shares during the period. Balyasny Asset Management L.P. grew its position in Schneider National by 4,324.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 312,562 shares of the company’s stock valued at $9,152,000 after buying an additional 305,497 shares in the last quarter. Woodline Partners LP acquired a new position in Schneider National during the 4th quarter valued at about $8,453,000. Finally, Two Sigma Advisers LP raised its position in shares of Schneider National by 40.4% during the 4th quarter. Two Sigma Advisers LP now owns 702,900 shares of the company’s stock worth $20,581,000 after buying an additional 202,100 shares in the last quarter. 28.54% of the stock is owned by institutional investors.

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.