JPMorgan Lowers Schneider National Price Target to $30

JPMorgan Chase & Co. has lowered its price target for Schneider National (NYSE: SNDR) from $35.00 to $30.00, maintaining a “neutral” rating on the stock. The revised target suggests a potential downside of 7.50% from the current trading price of $32.43. The news comes amid mixed analyst sentiment on the transportation and logistics company.

Other analysts have recently adjusted their views on Schneider National. Susquehanna reduced its price target from $39.00 to $36.00, while Morgan Stanley increased its target from $38.00 to $45.00 and assigned an “overweight” rating. Zacks Research upgraded the stock to a “strong-buy” rating, and Weiss Ratings improved its rating from “hold (c-)” to “hold (c)”. Currently, Schneider National has an average “Hold” rating with an average price target of $34.31.

Schneider National’s stock traded down 1.4% on Monday, reaching $32.43. The company reported quarterly earnings of $0.29 per share, beating estimates by $0.06, but revenue fell short of expectations at $1.33 billion. The stock has a market cap of $5.69 billion, a PE ratio of 50.61, and a beta of 1.21. Insider activity includes a sale by Mark Rourke, who sold 52,682 shares at an average price of $35.94.

Institutional investors have also made adjustments to their positions. Polaris Financial Partners acquired a new stake, while QRG Capital Management, Envestnet Portfolio Solutions, Sequoia Financial Advisors, and Tidal Investments increased their holdings. Institutional investors now own 28.54% of the stock.