Susquehanna Forecasts Strong Price Appreciation for Schneider National (NYSE:SNDR) Stock

Schneider National (NYSE:SNDR) had its price target increased by Susquehanna from $31.00 to $32.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Susquehanna’s price target would suggest a potential upside of 6.68% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the company. The Goldman Sachs Group lowered their target price on Schneider National from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Benchmark lifted 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. JPMorgan Chase & Co. decreased their price target on shares of Schneider National from $30.00 to $29.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. 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 report on Thursday, November 7th. Finally, Stifel Nicolaus raised their target price on Schneider National from $28.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. 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’s stock. According to data from MarketBeat, Schneider National has an average rating of “Hold” and a consensus price target of $29.85.

Schneider National Stock Performance

NYSE:SNDR opened at $30.00 on Friday. The company has a quick ratio of 1.53, a current ratio of 1.66 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $5.25 billion, a PE ratio of 48.51, a price-to-earnings-growth ratio of 1.90 and a beta of 0.93. Schneider National has a twelve month low of $20.50 and a twelve month high of $33.90. The stock’s 50-day simple moving average is $30.37 and its 200 day simple moving average is $28.63.

Schneider National (NYSE:SNDR) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 earnings per share. On average, analysts anticipate that Schneider National will post 0.7 EPS for the current fiscal year.

Insider Buying and Selling

In other Schneider National news, insider Shaleen Devgun sold 10,000 shares of the business’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $29.04, for a total transaction of $290,400.00. Following the completion of the sale, the insider now owns 95,191 shares in the company, valued at approximately $2,764,346.64. The trade was a 9.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Thomas G. Jackson sold 18,248 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $33.07, for a total transaction of $603,461.36. Following the sale, the executive vice president now directly owns 66,526 shares of the company’s stock, valued at approximately $2,200,014.82. The trade was a 21.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,555 shares of company stock valued at $2,153,011 over the last ninety days. 32.68% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SNDR. Marshall Wace LLP bought a new position in shares of Schneider National in the second quarter valued at approximately $259,000. The Manufacturers Life Insurance Company raised its stake in shares of Schneider National by 3.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,136 shares of the company’s stock worth $342,000 after purchasing an additional 493 shares during the period. Susquehanna International Group LLP raised its stake in shares of Schneider National by 152.5% during the 2nd quarter. Susquehanna International Group LLP now owns 312,776 shares of the company’s stock worth $7,557,000 after purchasing an additional 188,920 shares during the period. Creative Planning grew its position in Schneider National by 166.7% during the second quarter. Creative Planning now owns 25,571 shares of the company’s stock valued at $618,000 after buying an additional 15,983 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in Schneider National during the third quarter worth about $109,000. Hedge funds and other institutional investors 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.