Schneider National (NYSE:SNDR) Price Target Raised to $38.00

Schneider National (NYSE:SNDR) had its price objective boosted by Bank of America from $35.00 to $38.00 in a report issued on Tuesday,Benzinga reports. Bank of America currently has a buy rating on the stock.

Other analysts have also issued reports about the company. Susquehanna reduced their target price on Schneider National from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Stifel Nicolaus increased their price objective on shares of Schneider National from $25.00 to $27.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Citigroup cut shares of Schneider National from a “neutral” rating to a “sell” rating and dropped their target price for the company from $32.00 to $30.00 in a research report on Tuesday, November 12th. Robert W. Baird lifted their price objective on shares of Schneider National from $26.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. cut their target price on Schneider National from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $28.77.

Schneider National Stock Performance

NYSE SNDR opened at $33.28 on Tuesday. The firm has a 50-day moving average price of $28.87 and a two-hundred day moving average price of $26.13. Schneider National has a 12-month low of $20.50 and a 12-month high of $33.47. The company has a market capitalization of $5.83 billion, a P/E ratio of 53.68, a P/E/G ratio of 3.83 and a beta of 0.85. The company has a quick ratio of 1.53, a current ratio of 1.66 and a debt-to-equity ratio of 0.04.

Schneider National (NYSE:SNDR) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.05). The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.33 billion. Schneider National had a net margin of 2.10% and a return on equity of 3.92%. Analysts anticipate that Schneider National will post 0.7 earnings per share for the current year.

Schneider National Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 13th will be given a dividend of $0.095 per share. The ex-dividend date is Friday, December 13th. This represents a $0.38 dividend on an annualized basis and a yield of 1.14%. Schneider National’s dividend payout ratio is currently 61.29%.

Hedge Funds Weigh In On Schneider National

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Schneider National by 10.6% in the first quarter. Vanguard Group Inc. now owns 4,061,994 shares of the company’s stock valued at $91,964,000 after buying an additional 388,913 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in shares of Schneider National by 3.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 19,917 shares of the company’s stock worth $451,000 after purchasing an additional 618 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Schneider National in the first quarter valued at about $489,000. Price T Rowe Associates Inc. MD increased its position in Schneider National by 16.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,109 shares of the company’s stock valued at $275,000 after purchasing an additional 1,699 shares during the period. Finally, California State Teachers Retirement System raised its stake in Schneider National by 1.7% during the first quarter. California State Teachers Retirement System now owns 55,889 shares of the company’s stock worth $1,265,000 after buying an additional 958 shares during the last quarter. 28.54% of the stock is currently owned by institutional investors.

Schneider National Company Profile

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.