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

Schneider National (NYSE:SNDR) had its price target reduced by investment analysts at Susquehanna from $29.00 to $26.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Susquehanna’s target price would suggest a potential downside of 16.59% from the company’s previous close.

Several other research analysts have also recently commented on the stock. Evercore ISI lowered their price target on shares of Schneider National from $27.00 to $26.00 and set an “in-line” rating for the company in a report on Thursday. Citigroup began coverage on shares of Schneider National in a research report on Wednesday, October 9th. They issued a “neutral” rating and a $29.00 price target for the company. Benchmark upped their price target on shares of Schneider National from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. The Goldman Sachs Group lowered their price target on shares of Schneider National from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Finally, Stifel Nicolaus cut shares of Schneider National from a “buy” rating to a “hold” rating and set a $25.00 price target on the stock. in a research note on Thursday, August 8th. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $27.62.

Schneider National Stock Performance

Shares of SNDR stock traded up $0.73 during trading hours on Thursday, hitting $31.17. The company’s stock had a trading volume of 144,431 shares, compared to its average volume of 821,153. The company has a 50 day moving average of $27.82 and a 200 day moving average of $25.23. Schneider National has a 12-month low of $20.50 and a 12-month high of $31.24. The stock has a market cap of $5.46 billion, a PE ratio of 47.98, a price-to-earnings-growth ratio of 2.90 and a beta of 0.85. The company has a current ratio of 1.59, a quick ratio of 1.46 and a debt-to-equity ratio of 0.04.

Schneider National (NYSE:SNDR) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.05). Schneider National had a return on equity of 4.08% and a net margin of 2.18%. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.33 billion. On average, sell-side analysts forecast that Schneider National will post 0.84 EPS for the current fiscal year.

Institutional Investors Weigh In On Schneider National

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its position in shares of Schneider National by 76.5% during the 1st quarter. Russell Investments Group Ltd. now owns 281,747 shares of the company’s stock valued at $6,379,000 after acquiring an additional 122,077 shares during the period. Tidal Investments LLC bought a new position in Schneider National in the first quarter worth approximately $468,000. Louisiana State Employees Retirement System purchased a new stake in shares of Schneider National in the third quarter worth approximately $648,000. BNP Paribas Financial Markets raised its stake in shares of Schneider National by 4,602.7% in the first quarter. BNP Paribas Financial Markets now owns 135,862 shares of the company’s stock worth $3,076,000 after purchasing an additional 132,973 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in shares of Schneider National in the first quarter worth approximately $489,000. 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.