Equities researchers at KeyCorp started coverage on shares of Schneider National Inc (NASDAQ:SNDR) in a report issued on Tuesday. The brokerage set a “sector weight” rating on the stock.
Other research analysts have also issued reports about the company. Bank of America Corporation reiterated a “buy” rating and set a $25.00 target price (up from $23.00) on shares of Schneider National in a report on Monday, July 10th. Robert W. Baird reiterated a “buy” rating and set a $28.00 target price on shares of Schneider National in a report on Friday, October 6th. UBS AG reiterated a “buy” rating and set a $30.00 target price (up from $24.00) on shares of Schneider National in a report on Friday, September 29th. Zacks Investment Research upgraded Schneider National from a “sell” rating to a “hold” rating in a report on Thursday, September 7th. Finally, BidaskClub upgraded Schneider National from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 12th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Schneider National presently has an average rating of “Buy” and a consensus target price of $24.13.
Schneider National (NASDAQ:SNDR) opened at 24.40 on Tuesday. The firm has a market capitalization of $4.31 billion and a price-to-earnings ratio of 1.58. Schneider National has a 52-week low of $17.69 and a 52-week high of $26.85. The company’s 50-day moving average price is $23.64 and its 200 day moving average price is $21.25.
Schneider National (NASDAQ:SNDR) last posted its earnings results on Tuesday, August 1st. The company reported $0.23 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.23. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.07 billion. Schneider National had a return on equity of 13.37% and a net margin of 4.32%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 earnings per share. Equities analysts predict that Schneider National will post $0.95 earnings per share for the current fiscal year.
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Several institutional investors and hedge funds have recently added to or reduced their stakes in SNDR. DekaBank Deutsche Girozentrale acquired a new stake in shares of Schneider National in the 2nd quarter valued at about $111,000. Legal & General Group Plc acquired a new stake in shares of Schneider National in the 2nd quarter valued at about $173,000. GSA Capital Partners LLP acquired a new stake in shares of Schneider National in the 2nd quarter valued at about $201,000. Strs Ohio acquired a new stake in shares of Schneider National in the 2nd quarter valued at about $212,000. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of Schneider National in the 2nd quarter valued at about $369,000.
About Schneider National
Schneider National, Inc is a provider of transportation, logistics and related services. The Company’s transportation solutions include one-way, intermodal, dedicated, bulk, transport management, trans loading services, international services and Schneider payment services. Its supply chain management and consulting services include logistics solution design, global supply chain services, enterprise and market entry assistance, and sourcing and compliance.
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