Schneider National (NYSE:SNDR) Raised to Buy at Wall Street Zen

Schneider National (NYSE:SNDR – Get Free Report) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Sunday, Wall Street Zen reports.

SNDR has been the subject of several other reports. Zacks Research lowered Schneider National from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 7th. Weiss Ratings restated a “hold (c)” rating on shares of Schneider National in a research note on Tuesday, November 3rd. Benchmark reaffirmed a “buy” rating on shares of Schneider National in a research report on Thursday, July 16th. Susquehanna dropped their price target on Schneider National from $36.00 to $34.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, Wells Fargo & Company cut their price target on Schneider National from $35.00 to $31.00 and set an “equal weight” rating for the company in a research note on Friday, October 30th. Five research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, Schneider National currently has an average rating of “Hold” and a consensus target price of $32.92.

Read Our Latest Stock Report on Schneider National

Schneider National Stock Performance

NYSE SNDR opened at $28.94 on Friday. Schneider National has a 52-week low of $20.51 and a 52-week high of $39.27. The company has a 50-day simple moving average of $31.73 and a 200 day simple moving average of $31.89. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.94 and a current ratio of 2.06. The company has a market capitalization of $5.07 billion, a PE ratio of 35.73, a price-to-earnings-growth ratio of 0.64 and a beta of 1.21.

Schneider National (NYSE:SNDR – Get Free Report) last released its earnings results on Thursday, October 29th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Schneider National had a net margin of 2.38% and a return on equity of 4.82%. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the firm earned $0.12 earnings per share. The firm’s revenue was up 9.2% compared to the same quarter last year. On average, research analysts predict that Schneider National will post 1.05 EPS for the current year.

Institutional Investors Weigh In On Schneider National

Several hedge funds and other institutional investors have recently modified their holdings of the stock. WINTON GROUP Ltd bought a new position in shares of Schneider National in the second quarter valued at approximately $942,000. Renaissance Technologies LLC grew its stake in Schneider National by 437.1% during the first quarter. Renaissance Technologies LLC now owns 153,600 shares of the company’s stock valued at $4,049,000 after acquiring an additional 125,000 shares in the last quarter. Edgestream Partners L.P. bought a new stake in Schneider National during the 1st quarter worth approximately $2,995,000. Quantinno Capital Management LP increased its holdings in Schneider National by 44.1% during the 1st quarter. Quantinno Capital Management LP now owns 1,993,186 shares of the company’s stock worth $52,540,000 after acquiring an additional 610,020 shares during the period. Finally, Great Lakes Advisors LLC bought a new stake in Schneider National during the 2nd quarter worth approximately $3,300,000. 28.54% of the stock is currently owned by institutional investors.

Schneider National Company Profile

(Get Free Report)

Schneider National, Inc is a transportation and logistics company that provides freight and supply-chain services across North America. Its offerings include truckload transportation, intermodal shipping, and logistics services such as freight brokerage and supply-chain management.

The company serves customers in the United States, Canada, and Mexico, using a network of drivers, equipment, facilities, and transportation partners to move freight through multiple modes.

Founded in 1935 by Al Schneider as a single-truck business, the company grew into one of North America’s transportation providers.

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Analyst Recommendations for Schneider National (NYSE:SNDR)

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