Citigroup Raises Schneider National (NYSE:SNDR) Price Target to $27.00

Schneider National (NYSE:SNDR) had its price target boosted by Citigroup from $24.00 to $27.00 in a report issued on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

Other research analysts also recently issued reports about the stock. National Bankshares set a $25.00 price objective on shares of Schneider National in a research report on Friday, March 28th. Baird R W upgraded shares of Schneider National to a “strong-buy” rating in a research report on Tuesday, July 1st. UBS Group lowered their price objective on shares of Schneider National from $32.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Bank of America boosted their price objective on shares of Schneider National from $23.00 to $26.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. Finally, Evercore ISI lowered their price objective on shares of Schneider National from $23.00 to $22.00 and set an “in-line” rating for the company in a research report on Friday, May 2nd. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.29.

Schneider National Stock Down 0.2%

NYSE SNDR opened at $26.86 on Wednesday. The company has a current ratio of 1.90, a quick ratio of 1.74 and a debt-to-equity ratio of 0.19. Schneider National has a 1-year low of $20.59 and a 1-year high of $33.90. The company has a 50 day moving average of $24.20 and a 200-day moving average of $25.35. The company has a market cap of $4.71 billion, a price-to-earnings ratio of 38.37, a PEG ratio of 0.81 and a beta of 1.10.

Schneider National (NYSE:SNDR) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. Schneider National had a net margin of 2.32% and a return on equity of 4.37%. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the business earned $0.11 earnings per share. The company’s revenue was up 6.3% on a year-over-year basis. On average, equities research analysts expect that Schneider National will post 1.12 earnings per share for the current fiscal year.

Schneider National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Friday, June 13th were paid a $0.095 dividend. The ex-dividend date was Friday, June 13th. This represents a $0.38 annualized dividend and a dividend yield of 1.41%. Schneider National’s dividend payout ratio is 54.29%.

Institutional Trading of Schneider National

Several institutional investors have recently modified their holdings of SNDR. First Trust Advisors LP grew its stake in shares of Schneider National by 87.8% in the fourth quarter. First Trust Advisors LP now owns 2,200,452 shares of the company’s stock worth $64,429,000 after purchasing an additional 1,028,789 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Schneider National by 2,481,000.0% in the first quarter. Jones Financial Companies Lllp now owns 645,086 shares of the company’s stock worth $14,740,000 after purchasing an additional 645,060 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Schneider National in the first quarter worth $7,477,000. American Century Companies Inc. grew its stake in shares of Schneider National by 14.2% in the fourth quarter. American Century Companies Inc. now owns 2,469,951 shares of the company’s stock worth $72,320,000 after purchasing an additional 306,275 shares during the last quarter. Finally, Balyasny Asset Management L.P. grew its stake in shares of Schneider National by 4,324.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 312,562 shares of the company’s stock worth $9,152,000 after purchasing an additional 305,497 shares during the last quarter. Institutional investors own 28.54% of the company’s stock.

About Schneider National

Schneider National, Inc, together with its subsidiaries, provides surface transportation and logistics solutions in the United States, Canada, and Mexico. It operates through three segments: Truckload, Intermodal, and Logistics. The Truckload segment offers over the road freight transportation services primarily through dry van, bulk, temperature-controlled, and flat-bed trailers across either network or dedicated configurations.