Susquehanna Issues Pessimistic Forecast for Schneider National (NYSE:SNDR) Stock Price

Key Points

• Susquehanna cut its price target on Schneider National from $36 to $34 while maintaining a neutral rating; the revised target implied 20.6% upside from the prior close.
• Analyst sentiment is generally cautious: MarketBeat reported a consensus “Hold” rating and average price target of $32.92, with five Buy and eleven Hold ratings.
• Schneider National’s latest quarterly EPS of $0.29 narrowly missed estimates of $0.30, although revenue of $1.59 billion topped forecasts and rose 9.2% year over year.

Schneider National (NYSE:SNDR - Get Free Report) had its target price dropped by Susquehanna from $36.00 to $34.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a "neutral" rating on the stock. Susquehanna's price target points to a potential upside of 20.60% from the stock's previous close.

Other research analysts have also recently issued research reports about the stock. UBS Group decreased their target price on shares of Schneider National from $31.00 to $30.00 and set a "neutral" rating for the company in a research report on Friday, October 30th. Zacks Research lowered shares of Schneider National from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 7th. JPMorgan Chase & Co. cut their price target on Schneider National from $35.00 to $30.00 and set a "neutral" rating on the stock in a report on Monday, October 5th. Weiss Ratings reiterated a "hold (c)" rating on shares of Schneider National in a research report on Tuesday. Finally, Wells Fargo & Company reduced their price objective on Schneider National from $35.00 to $31.00 and set an "equal weight" rating for the company in a research report on Friday, October 30th. Five investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $32.92.

Schneider National Stock Performance

Shares of SNDR opened at $28.19 on Friday. Schneider National has a 1 year low of $20.51 and a 1 year high of $39.27. The company has a market cap of $4.94 billion, a price-to-earnings ratio of 34.81, a price-to-earnings-growth ratio of 0.64 and a beta of 1.21. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.94 and a current ratio of 2.06. The firm has a fifty day moving average of $31.99 and a 200-day moving average of $31.90.

Schneider National (NYSE:SNDR - Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The company reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by ($0.01). The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.58 billion. Schneider National had a return on equity of 4.82% and a net margin of 2.38%. The firm's revenue was up 9.2% on a year-over-year basis. During the same period last year, the business earned $0.12 EPS. As a group, equities analysts anticipate that Schneider National will post 1.05 earnings per share for the current 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. Maryland State Retirement & Pension System lifted its stake in Schneider National by 39.4% during the third quarter. Maryland State Retirement & Pension System now owns 13,893 shares of the company's stock valued at $442,000 after purchasing an additional 3,930 shares during the last quarter. Ritholtz Wealth Management grew its position in Schneider National by 2.7% in the third quarter. Ritholtz Wealth Management now owns 55,442 shares of the company's stock worth $1,766,000 after buying an additional 1,445 shares during the last quarter. Illinois Municipal Retirement Fund grew its position in Schneider National by 4.6% in the third quarter. Illinois Municipal Retirement Fund now owns 26,357 shares of the company's stock worth $839,000 after buying an additional 1,163 shares during the last quarter. Ethic Inc. increased its holdings in shares of Schneider National by 25.3% in the third quarter. Ethic Inc. now owns 18,750 shares of the company's stock valued at $597,000 after buying an additional 3,790 shares in the last quarter. Finally, Provenance Wealth Advisors LLC bought a new position in shares of Schneider National in the third quarter valued at $212,000. 28.54% of the stock is owned by institutional investors.

About Schneider National

Schneider National, Inc NYSE: SNDR is a transportation and logistics company headquartered in Green Bay, Wisconsin. Founded in 1935 by Al Schneider, the company began as a one-truck operation and has grown into a provider of freight transportation and supply chain services.

Schneider's services include truckload transportation, dedicated transportation, intermodal transportation, brokerage, and logistics management. Its offerings support a range of shipping needs, including long-haul freight, dedicated fleet operations, rail-connected transportation, port drayage, and supply chain planning.

The company primarily serves customers throughout the United States, Canada, and Mexico.

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