Schneider National (NYSE:SNDR) Price Target Increased to $34.00 by Analysts at Morgan Stanley

Schneider National (NYSE:SNDR) had its price target increased by research analysts at Morgan Stanley from $32.00 to $34.00 in a report released on Friday, BenzingaRatingsTable reports. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s price target points to a potential upside of 76.26% from the stock’s previous close.

Several other research analysts also recently weighed in on SNDR. Credit Suisse Group downgraded Schneider National from an “outperform” rating to a “neutral” rating in a research note on Thursday, July 11th. Zacks Investment Research downgraded Schneider National from a “hold” rating to a “sell” rating in a research note on Tuesday, April 30th. Stephens initiated coverage on Schneider National in a research note on Monday, July 1st. They set a “buy” rating on the stock. Wolfe Research upgraded Schneider National from an “underperform” rating to a “peer perform” rating in a research note on Friday, June 28th. Finally, Citigroup boosted their price target on Schneider National from $19.50 to $22.00 and gave the company a “neutral” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $26.80.

Shares of NYSE:SNDR traded up $0.06 on Friday, reaching $19.29. The company had a trading volume of 35,646 shares, compared to its average volume of 696,049. Schneider National has a 52-week low of $16.59 and a 52-week high of $28.46. The business has a 50 day moving average of $18.28. The company has a quick ratio of 2.02, a current ratio of 2.10 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 12.45, a PEG ratio of 1.35 and a beta of 1.62.

Schneider National (NYSE:SNDR) last announced its earnings results on Thursday, August 1st. The company reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.01). Schneider National had a return on equity of 12.69% and a net margin of 5.13%. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter last year, the firm earned $0.40 earnings per share. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. As a group, equities analysts expect that Schneider National will post 1.47 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Schneider National in the 2nd quarter worth about $64,000. First Hawaiian Bank raised its holdings in Schneider National by 25.6% in the 1st quarter. First Hawaiian Bank now owns 3,816 shares of the company’s stock worth $80,000 after purchasing an additional 777 shares during the period. Nicolet Advisory Services LLC acquired a new position in Schneider National in the 1st quarter worth about $236,000. Jane Street Group LLC acquired a new position in Schneider National in the 4th quarter worth about $224,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of Schneider National during the second quarter valued at approximately $254,000. 24.12% of the stock is owned by institutional investors.

About Schneider National

Schneider National, Inc, a transportation and logistics services company, provides truckload, intermodal, and logistics solutions in North America. Its Truckload segment provides standard long-haul and regional shipping services through dry van equipment; and bulk, temperature-controlled, first to final mile delivery, and customized solutions for time-sensitive loads.

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Analyst Recommendations for Schneider National (NYSE:SNDR)

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