HSBC Stock – Schneider National (NYSE:SNDR) price Target Raised to $26.00
Schneider National (NYSE:SNDR) had its price target lifted by equities research analysts at Susquehanna from $25.00 to $26.00 in a research note issued on Monday, Fintech Zoom reports. The brokerage presently has a “neutral” rating on the stock. Susquehanna’s target price points to a potential upside of 1.72% from the company’s current price.
A number of other equities research analysts have also recently weighed in on SNDR. Bank of America upgraded Schneider National from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $24.00 to $28.00 in a research note on Wednesday, March 10th. Susquehanna Bancshares upped their price objective on Schneider National from $25.00 to $26.00 and gave the stock a “neutral” rating in a report on Monday, April 12th. Cowen upped their price objective on Schneider National from $24.00 to $26.00 and gave the stock a “market perform” rating in a report on Thursday, February 4th. Stephens lowered Schneider National from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 31st. Finally, UBS Group reaffirmed a “neutral” rating and set a $27.00 price objective (up previously from $26.00) on shares of Schneider National in a report on Wednesday, March 17th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $25.13.
NYSE SNDR opened at $25.56 on Monday. The company has a market cap of $4.53 billion, a P/E ratio of 23.67, a P/E/G ratio of 1.65 and a beta of 1.04. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.06 and a quick ratio of 2.95. The stock has a 50-day moving average of $24.93 and a two-hundred day moving average of $23.03. Schneider National has a 1-year low of $20.20 and a 1-year high of $28.13.
Schneider National (NYSE:SNDR) last announced its quarterly earnings data on Wednesday, February 3rd. The company reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.05. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.19 billion. Schneider National had a return on equity of 9.18% and a net margin of 4.29%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.37 earnings per share. On average, analysts anticipate that Schneider National will post 1.2 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Miller Howard Investments Inc. NY boosted its position in Schneider National by 169.3% during the first quarter. Miller Howard Investments Inc. NY now owns 153,940 shares of the company’s stock valued at $3,844,000 after purchasing an additional 96,779 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Schneider National by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,924,029 shares of the company’s stock worth $39,826,000 after buying an additional 25,441 shares during the last quarter. Norges Bank acquired a new stake in shares of Schneider National in the fourth quarter worth about $16,545,000. UBS Asset Management Americas Inc. lifted its position in shares of Schneider National by 9.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 132,127 shares of the company’s stock worth $2,735,000 after buying an additional 11,853 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its position in shares of Schneider National by 36.6% in the fourth quarter. Hsbc Holdings PLC now owns 69,542 shares of the company’s stock worth $1,425,000 after buying an additional 18,650 shares during the last quarter. 26.01% of the stock is owned by hedge funds and other institutional investors.
Schneider National Company Profile
Schneider National, Inc, a surface transportation and logistics solutions company, provides truckload, intermodal, and logistics services in North America. Its Truckload segment provides standard long-haul and regional shipping services through dry van, bulk, temperature-controlled, and flat-bed equipment, as well as customized solutions for time-sensitive loads.
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