Evercore ISI Lowers Schneider National (NYSE:SNDR) Price Target to $27.00

Schneider National (NYSE:SNDR) had its target price dropped by equities research analysts at Evercore ISI from $28.00 to $27.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has an “in-line” rating on the stock. Evercore ISI’s target price points to a potential upside of 0.07% from the company’s previous close.

Several other research firms have also weighed in on SNDR. JPMorgan Chase & Co. lifted their price objective on Schneider National from $24.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Robert W. Baird boosted their price target on Schneider National from $26.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Stifel Nicolaus downgraded shares of Schneider National from a “buy” rating to a “hold” rating and set a $25.00 price objective for the company. in a research report on Thursday, August 8th. Susquehanna boosted their target price on shares of Schneider National from $25.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, September 26th. Finally, UBS Group increased their target price on shares of Schneider National from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $27.17.

Schneider National Stock Performance

Shares of SNDR stock opened at $26.98 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.59 and a quick ratio of 1.46. Schneider National has a one year low of $20.50 and a one year high of $29.01. The business’s 50 day simple moving average is $27.31 and its 200 day simple moving average is $24.20. The stock has a market capitalization of $4.74 billion, a PE ratio of 30.66, a PEG ratio of 2.61 and a beta of 0.85.

Schneider National (NYSE:SNDR) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. Schneider National had a net margin of 2.18% and a return on equity of 4.08%. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period in the prior year, the firm posted $0.45 EPS. The company’s quarterly revenue was down 2.2% on a year-over-year basis. As a group, research analysts forecast that Schneider National will post 0.85 earnings per share for the current year.

Insider Buying and Selling

In other Schneider National news, insider Shaleen Devgun sold 10,000 shares of Schneider National stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $27.60, for a total transaction of $276,000.00. Following the completion of the transaction, the insider now owns 55,726 shares in the company, valued at approximately $1,538,037.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 32.68% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Innealta Capital LLC bought a new stake in Schneider National during the second quarter worth $53,000. Hilltop National Bank boosted its holdings in Schneider National by 28.5% during the 2nd quarter. Hilltop National Bank now owns 3,044 shares of the company’s stock worth $74,000 after acquiring an additional 676 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Schneider National in the 3rd quarter worth $109,000. Covestor Ltd raised its holdings in shares of Schneider National by 51.9% in the first quarter. Covestor Ltd now owns 7,661 shares of the company’s stock valued at $173,000 after purchasing an additional 2,617 shares during the last quarter. Finally, FCG Investment Co purchased a new position in Schneider National during the first quarter worth about $205,000. Institutional investors 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.