Bank of America Upgrades Schneider National (NYSE:SNDR) to Buy

Schneider National (NYSE:SNDR - Get Free Report) was upgraded by stock analysts at Bank of America from an "underperform" rating to a "buy" rating in a note issued to investors on Thursday, Marketbeat.com reports. The brokerage presently has a $34.00 target price on the stock, up from their previous target price of $27.00. Bank of America's price objective suggests a potential upside of 11.51% from the company's previous close.

A number of other analysts have also weighed in on SNDR. Benchmark raised their price target on shares of Schneider National from $27.00 to $30.00 and gave the company a "buy" rating in a report on Friday, August 2nd. The Goldman Sachs Group decreased their price objective on Schneider National from $26.00 to $25.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 9th. Robert W. Baird upped their price target on Schneider National from $26.00 to $30.00 and gave the company an "outperform" rating in a research note on Friday, August 2nd. Susquehanna raised their price target on Schneider National from $25.00 to $29.00 and gave the company a "neutral" rating in a report on Thursday, September 26th. Finally, Stifel Nicolaus downgraded shares of Schneider National from a "buy" rating to a "hold" rating and set a $25.00 price target for the company. in a research note on Thursday, August 8th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $27.54.

Schneider National Price Performance

SNDR traded up $0.05 during trading on Thursday, hitting $30.49. The company's stock had a trading volume of 1,143,127 shares, compared to its average volume of 825,776. The firm's 50 day moving average price is $27.82 and its two-hundred day moving average price is $25.23. The company has a quick ratio of 1.46, a current ratio of 1.59 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $5.34 billion, a price-to-earnings ratio of 47.45, a price-to-earnings-growth ratio of 2.90 and a beta of 0.85. Schneider National has a 12 month low of $20.50 and a 12 month high of $31.24.

Schneider National (NYSE:SNDR - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.18 earnings per share (EPS) 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 company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.33 billion. Sell-side analysts forecast that Schneider National will post 0.84 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Thrivent Financial for Lutherans lifted its holdings in shares of Schneider National by 1.7% in the third quarter. Thrivent Financial for Lutherans now owns 2,914,631 shares of the company's stock valued at $83,184,000 after purchasing an additional 48,905 shares in the last quarter. Mutual of America Capital Management LLC bought a new stake in Schneider National in the 3rd quarter valued at approximately $202,000. Natixis Advisors LLC boosted its position in Schneider National by 23.9% during the 3rd quarter. Natixis Advisors LLC now owns 32,937 shares of the company's stock worth $940,000 after acquiring an additional 6,359 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Schneider National by 1.3% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 114,941 shares of the company's stock worth $3,280,000 after acquiring an additional 1,424 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Schneider National by 12.1% in the third quarter. Victory Capital Management Inc. now owns 77,351 shares of the company's stock valued at $2,208,000 after purchasing an additional 8,328 shares during the last quarter. Institutional investors own 28.54% of the company's stock.

Schneider National Company Profile

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.