Schneider National (NYSE:SNDR) Price Target Raised to $32.00 at Wells Fargo & Company

Schneider National (NYSE:SNDR) had its price objective hoisted by research analysts at Wells Fargo & Company from $31.00 to $32.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 7.31% from the stock’s current price.

Several other equities analysts have also commented on SNDR. JPMorgan Chase & Co. decreased their price objective on shares of Schneider National from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Susquehanna upped their price target on Schneider National from $31.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday. TD Cowen increased their target price on Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Benchmark boosted their price objective 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. 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 research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Schneider National presently has a consensus rating of “Hold” and a consensus target price of $30.54.

Schneider National Price Performance

Shares of NYSE:SNDR traded down $0.37 during midday trading on Friday, hitting $29.82. The company had a trading volume of 87,675 shares, compared to its average volume of 836,221. Schneider National has a twelve month low of $20.50 and a twelve month high of $33.90. The stock has a market cap of $5.22 billion, a price-to-earnings ratio of 48.25, a price-to-earnings-growth ratio of 1.90 and a beta of 0.93. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.66 and a quick ratio of 1.53. The business’s 50-day simple moving average is $30.37 and its 200-day simple moving average is $28.63.

Schneider National (NYSE:SNDR) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. Schneider National had a net margin of 2.10% and a return on equity of 3.92%. During the same quarter in the previous year, the business posted $0.16 EPS. On average, research analysts predict that Schneider National will post 0.7 earnings per share for the current year.

Insider Activity

In related news, EVP Thomas G. Jackson sold 18,248 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $33.07, for a total value of $603,461.36. Following the sale, the executive vice president now directly owns 66,526 shares in the company, valued at $2,200,014.82. The trade was a 21.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Mark B. Rourke sold 32,057 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $33.10, for a total transaction of $1,061,086.70. Following the transaction, the chief operating officer now owns 266,887 shares of the company’s stock, valued at $8,833,959.70. This trade represents a 10.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 66,555 shares of company stock valued at $2,153,011 in the last three months. 32.68% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Schneider National

Hedge funds have recently modified their holdings of the company. GAMMA Investing LLC boosted its position in Schneider National by 52.6% during the fourth quarter. GAMMA Investing LLC now owns 1,306 shares of the company’s stock worth $38,000 after acquiring an additional 450 shares during the last quarter. Blue Trust Inc. increased its stake in Schneider National by 489.1% in the fourth quarter. Blue Trust Inc. now owns 1,626 shares of the company’s stock valued at $46,000 after purchasing an additional 1,350 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of Schneider National during the 4th quarter valued at $59,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Schneider National in the 3rd quarter valued at about $73,000. Finally, Quarry LP acquired a new stake in shares of Schneider National in the third quarter worth $90,000. 28.54% of the stock is owned by institutional investors and hedge funds.

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.