Baird R W Upgrades Schneider National (NYSE:SNDR) to Strong-Buy

Schneider National (NYSE:SNDR) was upgraded by stock analysts at Baird R W to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

Several other brokerages have also commented on SNDR. The Goldman Sachs Group upgraded shares of Schneider National from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $24.00 to $32.00 in a report on Monday, June 2nd. Evercore ISI decreased their price target on Schneider National from $23.00 to $22.00 and set an “in-line” rating on the stock in a research note on Friday, May 2nd. Robert W. Baird assumed coverage on Schneider National in a research report on Tuesday. They set an “outperform” rating and a $28.00 price target for the company. Benchmark cut their price objective on Schneider National from $34.00 to $31.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, Bank of America increased their target price on Schneider National from $23.00 to $26.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Schneider National presently has an average rating of “Moderate Buy” and a consensus target price of $27.00.

Schneider National Stock Performance

NYSE SNDR opened at $25.69 on Tuesday. The stock has a fifty day simple moving average of $23.65 and a 200-day simple moving average of $25.52. The company has a current ratio of 1.90, a quick ratio of 1.74 and a debt-to-equity ratio of 0.19. The stock has a market cap of $4.50 billion, a PE ratio of 36.70, a P/E/G ratio of 0.75 and a beta of 1.10. Schneider National has a twelve month low of $20.59 and a twelve month high of $33.90.

Schneider National (NYSE:SNDR) last posted its earnings results on Thursday, May 1st. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Schneider National had a net margin of 2.32% and a return on equity of 4.37%. Schneider National’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.11 earnings per share. Equities analysts anticipate that Schneider National will post 1.12 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in Schneider National by 4.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,616,682 shares of the company’s stock worth $105,489,000 after purchasing an additional 206,582 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Schneider National by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 4,369,533 shares of the company’s stock worth $127,940,000 after buying an additional 172,418 shares during the period. American Century Companies Inc. grew its holdings in shares of Schneider National by 5.5% during the first quarter. American Century Companies Inc. now owns 2,604,873 shares of the company’s stock worth $59,521,000 after buying an additional 134,922 shares during the last quarter. Earnest Partners LLC increased its position in Schneider National by 3.3% in the 1st quarter. Earnest Partners LLC now owns 2,206,990 shares of the company’s stock valued at $50,430,000 after acquiring an additional 70,476 shares during the period. Finally, First Trust Advisors LP raised its stake in Schneider National by 87.8% during the 4th quarter. First Trust Advisors LP now owns 2,200,452 shares of the company’s stock valued at $64,429,000 after acquiring an additional 1,028,789 shares during the last quarter. Institutional investors and hedge funds own 28.54% of the company’s stock.

Schneider National Company Profile

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.