Stifel Nicolaus Has Lowered Expectations for Schneider National (NYSE:SNDR) Stock Price

Schneider National (NYSE:SNDR) had its price objective dropped by Stifel Nicolaus from $25.00 to $22.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ target price suggests a potential downside of 3.47% from the company’s current price.

Several other equities analysts have also weighed in on the stock. Benchmark cut their price objective on shares of Schneider National from $34.00 to $31.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Stephens reissued an “equal weight” rating and issued a $30.00 price target (down previously from $32.00) on shares of Schneider National in a research note on Monday, February 3rd. Bank of America reaffirmed a “neutral” rating and set a $25.00 price objective (down from $34.00) on shares of Schneider National in a research note on Friday, March 28th. The Goldman Sachs Group reduced their target price on Schneider National from $28.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, April 10th. Finally, Wells Fargo & Company lowered their price target on 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 equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Schneider National currently has an average rating of “Hold” and an average target price of $26.43.

Schneider National Stock Up 4.3 %

NYSE:SNDR opened at $22.79 on Friday. The stock’s fifty day moving average price is $23.22 and its two-hundred day moving average price is $27.45. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 35.06, a P/E/G ratio of 0.54 and a beta of 1.11. Schneider National has a 52-week low of $20.59 and a 52-week high of $33.90. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.66.

Schneider National (NYSE:SNDR) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. The business had revenue of $1.40 billion for 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 firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.11 earnings per share. On average, analysts anticipate that Schneider National will post 1.12 EPS for the current year.

Institutional Trading of Schneider National

Several hedge funds and other institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. boosted its position in shares of Schneider National by 149.2% during the first quarter. Victory Capital Management Inc. now owns 187,326 shares of the company’s stock worth $4,280,000 after buying an additional 112,161 shares during the period. Edgestream Partners L.P. acquired a new position in Schneider National during the 1st quarter worth approximately $723,000. CWM LLC grew its stake in shares of Schneider National by 103.4% during the 1st quarter. CWM LLC now owns 3,513 shares of the company’s stock worth $80,000 after acquiring an additional 1,786 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Schneider National by 2.6% in the first quarter. Principal Financial Group Inc. now owns 233,660 shares of the company’s stock valued at $5,339,000 after purchasing an additional 5,925 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in shares of Schneider National in the first quarter worth $395,000. Institutional investors and hedge funds own 28.54% of the company’s stock.

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.