Schneider National (NYSE:SNDR) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday. The firm currently has a $33.00 target price on the stock. Zacks Investment Research‘s price target points to a potential upside of 16.53% from the company’s previous close.
According to Zacks, “Schneider National, Inc. is a transportation and logistics services company. It provide portfolio of premier truckload, intermodal and logistics solutions. The company operates primarily in Canada, the United States and Mexico. Schneider National, Inc. is based in Green Bay, United States. “
Several other equities research analysts have also commented on SNDR. Robert W. Baird reiterated a “buy” rating and set a $30.00 price target on shares of Schneider National in a research note on Tuesday. UBS Group reiterated a “buy” rating and set a $30.00 price target (up from $24.00) on shares of Schneider National in a research note on Friday, September 29th. Citigroup lowered shares of Schneider National from a “buy” rating to a “neutral” rating in a research note on Thursday, January 4th. KeyCorp reiterated a “hold” rating on shares of Schneider National in a research note on Monday, November 13th. Finally, Morgan Stanley lifted their price target on shares of Schneider National from $26.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 8th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Schneider National presently has a consensus rating of “Buy” and a consensus target price of $26.10.
Schneider National (NYSE:SNDR) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.02). Schneider National had a return on equity of 10.79% and a net margin of 3.61%. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the business earned $0.24 earnings per share. Schneider National’s revenue was up 5.5% compared to the same quarter last year. research analysts anticipate that Schneider National will post 0.93 EPS for the current fiscal year.
In other news, EVP Paul J. Kardish sold 85,000 shares of Schneider National stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $25.12, for a total value of $2,135,200.00. Following the sale, the executive vice president now owns 222,432 shares of the company’s stock, valued at $5,587,491.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Steven J. Matheys sold 62,500 shares of Schneider National stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $24.20, for a total transaction of $1,512,500.00. Following the completion of the sale, the insider now directly owns 816,014 shares in the company, valued at approximately $19,747,538.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,258,500 shares of company stock worth $30,533,900.
Several large investors have recently modified their holdings of the company. GSA Capital Partners LLP boosted its holdings in shares of Schneider National by 64.3% in the third quarter. GSA Capital Partners LLP now owns 14,783 shares of the company’s stock valued at $374,000 after acquiring an additional 5,783 shares in the last quarter. Neuberger Berman Group LLC purchased a new stake in Schneider National during the third quarter worth about $310,000. Oppenheimer Asset Management Inc. purchased a new stake in Schneider National during the third quarter worth about $608,000. Engineers Gate Manager LP purchased a new stake in Schneider National during the third quarter worth about $970,000. Finally, Envestnet Asset Management Inc. purchased a new stake in Schneider National during the third quarter worth about $775,000. 21.45% of the stock is currently owned by institutional investors and hedge funds.
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Schneider National Company Profile
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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