Stifel Nicolaus Boosts Schneider National (NYSE:SNDR) Price Target to $28.00

Schneider National (NYSE:SNDR) had its target price increased by equities researchers at Stifel Nicolaus from $27.00 to $28.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ target price would indicate a potential downside of 7.71% from the stock’s previous close.

Several other equities analysts also recently weighed in on the company. Citigroup downgraded Schneider National from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $32.00 to $30.00 in a research report on Tuesday, November 12th. Bank of America increased their price objective on shares of Schneider National from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Benchmark raised their target price on shares of Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Susquehanna dropped their price target on shares of Schneider National from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Finally, Evercore ISI cut their price target on shares of Schneider National from $27.00 to $26.00 and set an “in-line” rating on the stock in a research note on Thursday, November 7th. One investment 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $29.15.

Schneider National Trading Up 3.5 %

Shares of NYSE SNDR traded up $1.03 during midday trading on Wednesday, reaching $30.34. 242,603 shares of the stock were exchanged, compared to its average volume of 625,817. 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 company has a market capitalization of $5.32 billion, a P/E ratio of 48.94, a P/E/G ratio of 3.24 and a beta of 0.93. The stock has a 50 day moving average price of $30.64 and a 200-day moving average price of $28.18. Schneider National has a 52-week low of $20.50 and a 52-week high of $33.90.

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

Insider Activity at Schneider National

In other news, EVP Thomas G. Jackson sold 18,248 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $33.07, for a total value of $603,461.36. Following the completion of the transaction, the executive vice president now directly owns 66,526 shares in the company, valued at approximately $2,200,014.82. This represents a 21.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Mark B. Rourke sold 32,057 shares of Schneider National stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $33.10, for a total transaction of $1,061,086.70. Following the sale, the chief operating officer now directly owns 266,887 shares in the company, valued at $8,833,959.70. This trade represents a 10.72 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 66,555 shares of company stock worth $2,153,011. Corporate insiders own 32.68% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SNDR. Park Avenue Securities LLC increased its holdings in Schneider National by 32.6% during the 4th quarter. Park Avenue Securities LLC now owns 22,812 shares of the company’s stock worth $668,000 after purchasing an additional 5,613 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new stake in shares of Schneider National during the fourth quarter worth approximately $59,000. GAMMA Investing LLC increased its stake in shares of Schneider National by 52.6% in the fourth quarter. GAMMA Investing LLC now owns 1,306 shares of the company’s stock worth $38,000 after buying an additional 450 shares during the last quarter. Principal Financial Group Inc. bought a new stake in shares of Schneider National in the third quarter worth $6,327,000. Finally, Franklin Resources Inc. raised its holdings in Schneider National by 13.6% in the third quarter. Franklin Resources Inc. now owns 21,734 shares of the company’s stock valued at $603,000 after acquiring an additional 2,594 shares in the last quarter. 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.