Wells Fargo & Company Issues Pessimistic Forecast for Schneider National (NYSE:SNDR) Stock Price

Schneider National (NYSE:SNDR) had its target price dropped by investment analysts at Wells Fargo & Company from $32.00 to $25.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential upside of 10.57% from the company’s previous close.

Several other research analysts have also commented on the stock. Stifel Nicolaus lifted their price target on shares of Schneider National from $28.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Benchmark upped their target price on Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Susquehanna cut their price target on Schneider National from $32.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. lowered their price objective on Schneider National from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Finally, Stephens reaffirmed an “equal weight” rating and issued a $30.00 target price (down from $32.00) on shares of Schneider National in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $28.69.

Schneider National Stock Performance

Shares of Schneider National stock opened at $22.61 on Thursday. The firm has a market cap of $3.97 billion, a PE ratio of 34.79, a price-to-earnings-growth ratio of 0.54 and a beta of 0.87. Schneider National has a 1 year low of $20.50 and a 1 year high of $33.90. The firm’s 50-day simple moving average is $26.70 and its 200-day simple moving average is $28.49. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.66.

Schneider National (NYSE:SNDR) last released its earnings results on Thursday, January 30th. The company reported $0.20 EPS for the quarter, hitting analysts’ consensus estimates of $0.20. Schneider National had a return on equity of 4.12% and a net margin of 2.21%. During the same quarter in the prior year, the firm posted $0.16 EPS. Equities analysts forecast that Schneider National will post 1.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Schneider National

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SNDR. GAMMA Investing LLC lifted its holdings in shares of Schneider National by 52.6% in the fourth quarter. GAMMA Investing LLC now owns 1,306 shares of the company’s stock valued at $38,000 after buying an additional 450 shares during the period. Huntington National Bank raised its position in Schneider National by 237.9% in the fourth quarter. Huntington National Bank now owns 1,416 shares of the company’s stock worth $41,000 after acquiring an additional 997 shares in the last quarter. SRS Capital Advisors Inc. lifted its holdings in Schneider National by 74.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,434 shares of the company’s stock valued at $42,000 after acquiring an additional 612 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Schneider National by 489.1% during the 4th 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 in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of Schneider National in the 4th quarter worth approximately $48,000. 28.54% of the stock is owned by institutional investors.

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.