Stifel Nicolaus Issues Positive Forecast for Schneider National (NYSE:SNDR) Stock Price

Schneider National (NYSE:SNDR) had its price objective raised by analysts at Stifel Nicolaus from $28.00 to $31.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 5.48% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Citigroup cut Schneider National from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $32.00 to $30.00 in a report on Tuesday, November 12th. TD Cowen raised their price objective on shares of Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Benchmark boosted their target price on shares of Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Bank of America raised their price target on shares of Schneider National from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Schneider National from $30.00 to $29.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $29.38.

Schneider National Trading Down 1.4 %

Shares of SNDR stock opened at $29.39 on Thursday. The stock has a 50 day simple moving average of $30.46 and a 200 day simple moving average of $28.45. Schneider National has a 1 year low of $20.50 and a 1 year high of $33.90. The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The stock has a market cap of $5.15 billion, a P/E ratio of 47.40, a price-to-earnings-growth ratio of 1.90 and a beta of 0.93.

Schneider National (NYSE:SNDR) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.05). The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.33 billion. Schneider National had a return on equity of 3.92% and a net margin of 2.10%. On average, research analysts predict that Schneider National will post 0.7 earnings per share for the current fiscal year.

Insider Activity

In other Schneider National news, CAO Robert M. Reich, Jr. sold 6,250 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $31.69, for a total transaction of $198,062.50. Following the completion of the sale, the chief accounting officer now directly owns 155,366 shares in the company, valued at $4,923,548.54. The trade was a 3.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Thomas G. Jackson sold 18,248 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $33.07, for a total transaction of $603,461.36. Following the completion of the transaction, the executive vice president now owns 66,526 shares in the company, valued at $2,200,014.82. The trade was a 21.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 66,555 shares of company stock worth $2,153,011 over the last three months. 32.68% of the stock is currently owned by corporate insiders.

Institutional Trading of Schneider National

Several institutional investors and hedge funds have recently modified their holdings of SNDR. Thrivent Financial for Lutherans boosted its stake in Schneider National by 1.7% during the third quarter. Thrivent Financial for Lutherans now owns 2,914,631 shares of the company’s stock valued at $83,184,000 after buying an additional 48,905 shares during the last quarter. Earnest Partners LLC raised its position in shares of Schneider National by 25.5% during the 2nd 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. State Street Corp lifted its holdings in shares of Schneider National by 75.4% in the 3rd quarter. State Street Corp now owns 1,730,769 shares of the company’s stock valued at $49,545,000 after acquiring an additional 743,800 shares during the last quarter. Copeland Capital Management LLC grew its position in Schneider National by 2.4% in the fourth quarter. Copeland Capital Management LLC now owns 1,622,974 shares of the company’s stock worth $47,521,000 after acquiring an additional 38,796 shares in the last quarter. Finally, New York State Common Retirement Fund raised its position in Schneider National by 16.4% during the third quarter. New York State Common Retirement Fund now owns 1,491,876 shares of the company’s stock valued at $42,578,000 after purchasing an additional 209,787 shares during the period. 28.54% of the stock is currently 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.