Schneider National (SNDR) Price Target Cut to $29.00 by Analysts at Buckingham Research

Schneider National (NYSE:SNDR) had its price target cut by analysts at Buckingham Research from $30.00 to $29.00 in a research report issued on Tuesday, BenzingaRatingsTable reports. The firm currently has a “buy” rating on the stock. Buckingham Research’s target price points to a potential upside of 36.15% from the company’s current price.

SNDR has been the topic of a number of other reports. Zacks Investment Research raised Schneider National from a “sell” rating to a “hold” rating in a report on Saturday, February 2nd. ValuEngine cut Schneider National from a “hold” rating to a “sell” rating in a report on Friday, March 1st. Bank of America raised Schneider National from an “underperform” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Monday, February 4th. JPMorgan Chase & Co. cut Schneider National from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $27.00 to $23.00 in a report on Tuesday, December 18th. Finally, Stephens raised Schneider National from an “equal weight” rating to an “overweight” rating and set a $24.00 price target on the stock in a report on Friday, January 4th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. Schneider National currently has a consensus rating of “Hold” and an average price target of $27.70.

Shares of SNDR stock traded down $0.04 on Tuesday, reaching $21.30. The stock had a trading volume of 1,120 shares, compared to its average volume of 711,712. The company has a market cap of $3.73 billion, a P/E ratio of 13.74, a price-to-earnings-growth ratio of 0.96 and a beta of 1.51. Schneider National has a 1 year low of $17.56 and a 1 year high of $30.52. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.53 and a quick ratio of 2.42.

Schneider National (NYSE:SNDR) last released its earnings results on Thursday, January 31st. The company reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.03. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.33 billion. Schneider National had a return on equity of 13.57% and a net margin of 5.40%. As a group, analysts expect that Schneider National will post 1.71 earnings per share for the current year.

In other news, CEO Christopher B. Lofgren sold 245,995 shares of Schneider National stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $21.52, for a total value of $5,293,812.40. Following the sale, the chief executive officer now directly owns 1,378,534 shares of the company’s stock, valued at $29,666,051.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christopher B. Lofgren sold 54,005 shares of Schneider National stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $22.02, for a total value of $1,189,190.10. Following the completion of the sale, the chief executive officer now directly owns 1,425,042 shares in the company, valued at $31,379,424.84. The disclosure for this sale can be found here. Insiders own 28.00% of the company’s stock.

Hedge funds have recently modified their holdings of the company. First Hawaiian Bank increased its holdings in shares of Schneider National by 163.1% in the fourth quarter. First Hawaiian Bank now owns 3,039 shares of the company’s stock worth $57,000 after purchasing an additional 1,884 shares during the last quarter. Quantamental Technologies LLC bought a new stake in shares of Schneider National in the fourth quarter worth about $99,000. Stevens Capital Management LP bought a new stake in shares of Schneider National in the third quarter worth about $208,000. Jane Street Group LLC bought a new stake in shares of Schneider National in the fourth quarter worth about $224,000. Finally, CWM LLC bought a new stake in shares of Schneider National in the fourth quarter worth about $239,000. 23.19% of the stock is currently owned by hedge funds and other institutional investors.

Schneider National Company Profile

Schneider National, Inc, a transportation and logistics services company, provides truckload, intermodal, and logistics solutions in North America. Its Truckload segment provides standard long-haul and regional shipping services through dry van equipment; and bulk, temperature-controlled, final mile delivery, and customized solutions for time-sensitive loads.

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Analyst Recommendations for Schneider National (NYSE:SNDR)

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