BidaskClub Upgrades Schneider National Inc (SNDR) to Strong-Buy
Schneider National Inc (NASDAQ:SNDR) was upgraded by BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Tuesday.
Other equities analysts have also issued research reports about the company. Bank of America Corporation reissued a “buy” rating and issued a $25.00 price objective (up previously from $23.00) on shares of Schneider National in a research note on Monday, July 10th. Zacks Investment Research upgraded Schneider National from a “sell” rating to a “hold” rating in a research report on Thursday, September 7th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $22.63.
Schneider National (NASDAQ:SNDR) opened at 23.19 on Tuesday. Schneider National has a 12-month low of $17.69 and a 12-month high of $23.61. The company’s 50-day moving average price is $21.73 and its 200-day moving average price is $20.61. The firm has a market capitalization of $4.10 billion and a price-to-earnings ratio of 1.50.
Schneider National (NASDAQ:SNDR) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates of $0.23. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.07 billion. Schneider National had a return on equity of 13.37% and a net margin of 4.32%. The business’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.28 earnings per share. Equities analysts expect that Schneider National will post $0.96 EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale bought a new stake in shares of Schneider National during the second quarter worth $111,000. Legal & General Group Plc bought a new stake in shares of Schneider National during the second quarter worth $173,000. GSA Capital Partners LLP bought a new stake in shares of Schneider National during the second quarter worth $201,000. Strs Ohio bought a new stake in shares of Schneider National during the second quarter worth $212,000. Finally, Tudor Investment Corp ET AL bought a new stake in shares of Schneider National during the second quarter worth $369,000.
Schneider National Company Profile
Schneider National, Inc is a provider of transportation, logistics and related services. The Company’s transportation solutions include one-way, intermodal, dedicated, bulk, transport management, trans loading services, international services and Schneider payment services. Its supply chain management and consulting services include logistics solution design, global supply chain services, enterprise and market entry assistance, and sourcing and compliance.
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