Schneider National (NYSE:SNDR) Raised to Outperform at Cowen

Schneider National (NYSE:SNDR) was upgraded by investment analysts at Cowen from a “market perform” rating to an “outperform” rating in a report issued on Wednesday, The Fly reports.

A number of other research firms have also commented on SNDR. Credit Suisse Group set a $21.41 price target on Schneider National and gave the stock a “buy” rating in a report on Wednesday, July 14th. Citigroup cut their price target on Schneider National from $26.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday, July 14th. TheStreet raised Schneider National from a “c+” rating to a “b” rating in a report on Monday, August 30th. Raymond James initiated coverage on Schneider National in a report on Friday, September 10th. They issued a “market perform” rating for the company. Finally, Morgan Stanley raised their price target on Schneider National from $32.00 to $35.00 and gave the stock an “overweight” rating in a report on Monday, August 2nd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Schneider National currently has a consensus rating of “Hold” and a consensus price target of $25.02.

Shares of NYSE SNDR opened at $21.98 on Wednesday. The stock has a fifty day simple moving average of $21.95 and a two-hundred day simple moving average of $23.44. Schneider National has a 1-year low of $20.20 and a 1-year high of $27.15. The firm has a market cap of $3.90 billion, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of 0.63 and a beta of 1.01. The company has a current ratio of 1.94, a quick ratio of 1.91 and a debt-to-equity ratio of 0.09.

Schneider National (NYSE:SNDR) last announced its quarterly earnings data on Thursday, July 29th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.18. Schneider National had a return on equity of 13.51% and a net margin of 5.66%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.21 billion. Analysts forecast that Schneider National will post 1.96 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Denali Advisors LLC raised its position in Schneider National by 410.7% during the second quarter. Denali Advisors LLC now owns 1,144 shares of the company’s stock valued at $25,000 after purchasing an additional 920 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in shares of Schneider National during the first quarter valued at about $50,000. Great West Life Assurance Co. Can grew its stake in shares of Schneider National by 18.6% during the second quarter. Great West Life Assurance Co. Can now owns 4,227 shares of the company’s stock valued at $92,000 after buying an additional 663 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Schneider National by 50.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,395 shares of the company’s stock valued at $96,000 after buying an additional 1,482 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Schneider National during the second quarter valued at about $163,000. Institutional investors and hedge funds own 25.65% of the company’s stock.

About Schneider National

Schneider National Inc provides transportation and logistics services. The firm’s transportation solutions include van truckload, dedicated, regional, bulk, intermodal, brokerage, supply chain management, port logistics services and engineering and freight payment services. It operates through the following segments: Truckload, Intermodal and Logistics.

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