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Schneider National (NYSE:SNDR) Price Target Cut to $22.00 by Analysts at Evercore ISI

Schneider National logo with Transportation background

Schneider National (NYSE:SNDR - Get Free Report) had its price objective cut by equities researchers at Evercore ISI from $23.00 to $22.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an "in-line" rating on the stock. Evercore ISI's target price indicates a potential downside of 1.81% from the company's current price.

A number of other equities analysts have also weighed in on the stock. The Goldman Sachs Group reduced their target price on shares of Schneider National from $28.00 to $23.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Wells Fargo & Company dropped their target price on Schneider National from $32.00 to $25.00 and set an "equal weight" rating on the stock in a report on Thursday, March 27th. UBS Group lowered their price objective on shares of Schneider National from $32.00 to $25.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Stifel Nicolaus lowered their price target on Schneider National from $25.00 to $22.00 and set a "hold" rating on the stock in a research report on Friday, May 2nd. Finally, Citigroup raised shares of Schneider National from a "sell" rating to a "neutral" rating and lowered their price target for the stock from $25.00 to $23.00 in a research report on Tuesday, April 8th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Schneider National has an average rating of "Hold" and an average price target of $26.43.

View Our Latest Report on Schneider National

Schneider National Price Performance

Shares of Schneider National stock traded up $0.17 during midday trading on Friday, reaching $22.41. The company had a trading volume of 185,058 shares, compared to its average volume of 811,895. The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. Schneider National has a 1-year low of $20.59 and a 1-year high of $33.90. The company has a market capitalization of $3.93 billion, a price-to-earnings ratio of 34.50, a price-to-earnings-growth ratio of 0.54 and a beta of 1.11. The stock has a fifty day simple moving average of $23.07 and a 200 day simple moving average of $27.37.

Schneider National (NYSE:SNDR - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.43 billion. 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 $0.11 earnings per share. The company's quarterly revenue was up 6.3% on a year-over-year basis. As a group, equities research analysts forecast that Schneider National will post 1.12 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC grew its stake in shares of Schneider National by 780.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 12,761 shares of the company's stock valued at $372,000 after buying an additional 11,312 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Schneider National during the fourth quarter valued at approximately $5,349,000. Proficio Capital Partners LLC purchased a new stake in shares of Schneider National during the 4th quarter valued at $997,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Schneider National during the fourth quarter worth about $349,000. Finally, QRG Capital Management Inc. increased its holdings in shares of Schneider National by 9.0% during the fourth quarter. QRG Capital Management Inc. now owns 138,027 shares of the company's stock valued at $4,041,000 after acquiring an additional 11,392 shares in the last quarter. Hedge funds and other institutional investors own 28.54% of the company's stock.

Schneider National Company Profile

(Get Free Report)

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.

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