Morgan Stanley Boosts Schneider National (NYSE:SNDR) Price Target to $38.00

Schneider National (NYSE:SNDR) had its target price upped by stock analysts at Morgan Stanley from $36.00 to $38.00 in a note issued to investors on Friday, Marketbeat.com reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s target price would indicate a potential upside of 28.40% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. decreased their price objective on shares of Schneider National from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, January 30th. Wells Fargo & Company decreased their price objective on shares of Schneider National from $30.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, January 30th. UBS Group reiterated a “neutral” rating on shares of Schneider National in a report on Friday, January 30th. Bank of America upgraded shares of Schneider National from a “neutral” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Friday, January 9th. Finally, Zacks Research upgraded shares of Schneider National from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $28.93.

Schneider National Trading Up 3.1%

Shares of NYSE:SNDR opened at $29.60 on Friday. The stock has a market capitalization of $5.19 billion, a PE ratio of 50.16, a P/E/G ratio of 0.86 and a beta of 1.05. Schneider National has a 1 year low of $20.11 and a 1 year high of $30.98. The firm has a fifty day moving average price of $27.01 and a 200 day moving average price of $25.84. The company has a current ratio of 2.13, a quick ratio of 1.95 and a debt-to-equity ratio of 0.13.

Schneider National (NYSE:SNDR) last issued its quarterly earnings data on Thursday, January 29th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.45 billion. Schneider National had a return on equity of 3.66% and a net margin of 1.83%.The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.20 earnings per share. Analysts expect that Schneider National will post 1.12 EPS for the current fiscal year.

Schneider National announced that its board has initiated a share buyback plan on Wednesday, January 28th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the company to purchase up to 2.9% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Insider Transactions at Schneider National

In other Schneider National news, CFO Darrell George Campbell sold 6,000 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $28.89, for a total transaction of $173,340.00. Following the completion of the sale, the chief financial officer directly owned 66,275 shares in the company, valued at $1,914,684.75. This represents a 8.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 23.64% of the stock is owned by company insiders.

Institutional Investors Weigh In On Schneider National

A number of hedge funds have recently bought and sold shares of SNDR. Vaughan Nelson Investment Management L.P. bought a new stake in Schneider National during the fourth quarter valued at about $29,469,000. Balyasny Asset Management L.P. bought a new stake in Schneider National during the second quarter valued at about $26,393,000. Bank of New York Mellon Corp boosted its holdings in Schneider National by 145.4% during the fourth quarter. Bank of New York Mellon Corp now owns 1,816,087 shares of the company’s stock valued at $48,181,000 after acquiring an additional 1,076,184 shares during the period. AQR Capital Management LLC boosted its holdings in Schneider National by 64.9% during the fourth quarter. AQR Capital Management LLC now owns 2,077,455 shares of the company’s stock valued at $55,115,000 after acquiring an additional 817,259 shares during the period. Finally, Gotham Asset Management LLC boosted its holdings in Schneider National by 396.1% during the third quarter. Gotham Asset Management LLC now owns 855,802 shares of the company’s stock valued at $18,109,000 after acquiring an additional 683,298 shares during the period. 28.54% of the stock is currently owned by institutional investors.

About Schneider National

Schneider National, Inc is a leading provider of transportation and logistics services in North America. The company offers a full spectrum of solutions, including truckload transportation, intermodal services and dedicated logistics. Through these offerings, Schneider supports the movement of goods ranging from dry van freight to refrigerated and flatbed shipments, while also providing customized supply chain management and warehousing capabilities.

Founded in 1935 by Al Schneider as a single-truck operation in Green Bay, Wisconsin, the company has grown into one of the industry’s most recognized carriers.