Evercore ISI Issues Positive Forecast for Schneider National (NYSE:SNDR) Stock Price

Schneider National (NYSE:SNDR) had its price objective upped by Evercore ISI from $21.00 to $30.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an “in-line” rating on the stock. Evercore ISI’s target price indicates a potential upside of 4.46% from the stock’s previous close.

Several other analysts have also recently weighed in on the company. Citigroup lifted their price objective on Schneider National from $23.00 to $31.00 and gave the company a “neutral” rating in a research report on Wednesday, January 7th. TD Cowen lowered their target price on Schneider National from $25.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Zacks Research lowered Schneider National from a “hold” rating to a “strong sell” rating in a research report on Monday, October 13th. JPMorgan Chase & Co. increased their price objective on Schneider National from $27.00 to $28.00 and gave the stock a “neutral” rating in a report on Monday. Finally, Wells Fargo & Company raised their price objective on Schneider National from $23.00 to $30.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $28.60.

Schneider National Trading Down 0.1%

Schneider National stock traded down $0.04 during mid-day trading on Tuesday, reaching $28.72. 14,744 shares of the company traded hands, compared to its average volume of 844,660. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.11 and a quick ratio of 1.93. The firm’s 50 day moving average price is $24.94 and its 200 day moving average price is $24.29. The firm has a market capitalization of $5.03 billion, a price-to-earnings ratio of 44.88, a P/E/G ratio of 0.72 and a beta of 1.08. Schneider National has a 52-week low of $20.11 and a 52-week high of $31.19.

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

Hedge Funds Weigh In On Schneider National

Hedge funds have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd lifted its stake in Schneider National by 2,425.4% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,692 shares of the company’s stock valued at $36,000 after acquiring an additional 1,625 shares during the period. Elevation Point Wealth Partners LLC bought a new position in Schneider National during the second quarter valued at approximately $37,000. KBC Group NV lifted its position in Schneider National by 86.3% during the second quarter. KBC Group NV now owns 2,290 shares of the company’s stock valued at $55,000 after purchasing an additional 1,061 shares during the period. Quarry LP boosted its holdings in Schneider National by 36.7% in 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 last quarter. Finally, Hantz Financial Services Inc. grew its position in Schneider National by 2,943.5% in the 2nd quarter. Hantz Financial Services Inc. now owns 3,500 shares of the company’s stock worth $85,000 after purchasing an additional 3,385 shares during the period. Hedge funds and other 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.