Schneider National (NYSE:SNDR) Upgraded by Bank of America to Buy Rating

Schneider National (NYSE:SNDR) was upgraded by Bank of America from a “neutral” rating to a “buy” rating in a research note issued to investors on Friday. The firm currently has a $32.00 price target on the stock. Bank of America‘s price target would suggest a potential upside of 12.12% from the company’s current price.

Several other research analysts have also weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Schneider National from $28.00 to $27.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Wells Fargo & Company boosted their price target on Schneider National from $23.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Erste Group Bank upgraded Schneider National from a “hold” rating to a “buy” rating in a research note on Thursday, September 11th. Stifel Nicolaus raised their price objective on Schneider National from $25.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Schneider National in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Schneider National presently has a consensus rating of “Moderate Buy” and an average target price of $27.93.

Schneider National Trading Up 2.2%

Shares of Schneider National stock opened at $28.54 on Friday. The stock has a market cap of $5.00 billion, a P/E ratio of 44.59, a P/E/G ratio of 0.69 and a beta of 1.08. The company has a quick ratio of 1.93, a current ratio of 2.11 and a debt-to-equity ratio of 0.17. Schneider National has a 12-month low of $20.11 and a 12-month high of $31.19. The business’s 50 day moving average is $24.64 and its 200-day moving average is $24.22.

Schneider National (NYSE:SNDR) last released its earnings results on Thursday, October 30th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.09). Schneider National had a net margin of 2.03% and a return on equity of 4.04%. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the business posted $0.18 earnings per share. Schneider National’s quarterly revenue was up 10.4% compared to the same quarter last year. Schneider National has set its FY 2025 guidance at 0.700-0.950 EPS. Equities research analysts predict that Schneider National will post 1.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Schneider National

Institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd increased its position in Schneider National by 2,425.4% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,692 shares of the company’s stock worth $36,000 after acquiring an additional 1,625 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in shares of Schneider National during the 2nd quarter worth approximately $37,000. KBC Group NV increased its holdings in shares of Schneider National by 86.3% during the second quarter. KBC Group NV now owns 2,290 shares of the company’s stock worth $55,000 after purchasing an additional 1,061 shares during the period. Quarry LP increased its holdings in shares of Schneider National by 36.7% during the third quarter. Quarry LP now owns 3,404 shares of the company’s stock worth $72,000 after purchasing an additional 913 shares during the period. Finally, Hantz Financial Services Inc. raised its position in shares of Schneider National by 2,943.5% in the second quarter. Hantz Financial Services Inc. now owns 3,500 shares of the company’s stock valued at $85,000 after buying an additional 3,385 shares in the last quarter. Institutional investors own 28.54% of the company’s stock.

About Schneider National

Schneider National, Inc is a leading provider of transportation and logistics services in North America. The company offers a full spectrum of solutions, including truckload transportation, intermodal services and dedicated logistics. Through these offerings, Schneider supports the movement of goods ranging from dry van freight to refrigerated and flatbed shipments, while also providing customized supply chain management and warehousing capabilities.

Founded in 1935 by Al Schneider as a single-truck operation in Green Bay, Wisconsin, the company has grown into one of the industry’s most recognized carriers.