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.
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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