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

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

Several other equities research analysts have also issued reports on SNDR. Stifel Nicolaus raised their target price on shares of Schneider National from $25.00 to $27.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Citigroup downgraded shares of Schneider National from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $32.00 to $30.00 in a research note on Tuesday, November 12th. TD Cowen boosted their target price on Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday. Evercore ISI reduced their price target on Schneider National from $27.00 to $26.00 and set an “in-line” rating on the stock in a report on Thursday, November 7th. Finally, Robert W. Baird boosted their price objective on Schneider National from $26.00 to $30.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $29.08.

Schneider National Stock Performance

NYSE SNDR opened at $32.85 on Tuesday. The business has a 50-day moving average price of $29.06 and a 200-day moving average price of $26.26. The firm has a market cap of $5.75 billion, a price-to-earnings ratio of 52.98, a price-to-earnings-growth ratio of 3.88 and a beta of 0.85. Schneider National has a twelve month low of $20.50 and a twelve month high of $33.60. 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 released its quarterly earnings data on Wednesday, November 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.33 billion. Schneider National had a return on equity of 3.92% and a net margin of 2.10%. As a group, equities research analysts predict that Schneider National will post 0.7 EPS for the current fiscal year.

Schneider National Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Friday, December 13th. Schneider National’s dividend payout ratio is presently 61.29%.

Hedge Funds Weigh In On Schneider National

Several hedge funds have recently bought and sold shares of SNDR. Deprince Race & Zollo Inc. purchased a new stake in Schneider National during the 2nd quarter worth about $30,072,000. State Street Corp grew its holdings in shares of Schneider National by 75.4% during the third quarter. State Street Corp now owns 1,730,769 shares of the company’s stock worth $49,545,000 after buying an additional 743,800 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Schneider National in the second quarter valued at approximately $15,216,000. Encompass Capital Advisors LLC purchased a new position in Schneider National during the 2nd quarter worth $12,376,000. Finally, Earnest Partners LLC raised its holdings in Schneider National by 25.5% during the second quarter. Earnest Partners LLC now owns 2,166,146 shares of the company’s stock worth $52,334,000 after purchasing an additional 440,545 shares in the last quarter. Institutional investors and hedge funds own 28.54% of the company’s stock.

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.