Susquehanna Lowers Schneider National (NYSE:SNDR) Price Target to $26.00

Schneider National (NYSE:SNDR) had its price objective cut by Susquehanna from $29.00 to $26.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

Other equities analysts also recently issued reports about the stock. JPMorgan Chase & Co. boosted their target price on shares of Schneider National from $24.00 to $30.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Stifel Nicolaus cut shares of Schneider National from a “buy” rating to a “hold” rating and set a $25.00 price objective for the company. in a research report on Thursday, August 8th. Evercore ISI reduced their price objective on shares of Schneider National from $27.00 to $26.00 and set an “in-line” rating for the company in a research report on Thursday. Benchmark lifted their price objective on shares of Schneider National from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, Bank of America raised shares of Schneider National from an “underperform” rating to a “buy” rating and lifted their price objective for the stock from $27.00 to $34.00 in a research report on Thursday. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Schneider National currently has an average rating of “Hold” and a consensus target price of $28.08.

Schneider National Price Performance

Shares of SNDR opened at $31.47 on Thursday. The company has a market cap of $5.51 billion, a price-to-earnings ratio of 50.76, a PEG ratio of 3.78 and a beta of 0.85. Schneider National has a 1-year low of $20.50 and a 1-year high of $31.71. The company’s fifty day simple moving average is $27.99 and its 200 day simple moving average is $25.40. The company has a current ratio of 1.59, a quick ratio of 1.46 and a debt-to-equity ratio of 0.04.

Schneider National (NYSE:SNDR) last issued its earnings results on Wednesday, November 6th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.33 billion. Schneider National had a return on equity of 3.92% and a net margin of 2.10%. On average, research analysts forecast that Schneider National will post 0.7 earnings per share for the current fiscal year.

Schneider National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 13th will be given a $0.095 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.21%. Schneider National’s payout ratio is presently 61.29%.

Institutional Investors Weigh In On Schneider National

A number of institutional investors have recently modified their holdings of SNDR. BNP Paribas Financial Markets boosted its position in shares of Schneider National by 4,602.7% in the first quarter. BNP Paribas Financial Markets now owns 135,862 shares of the company’s stock valued at $3,076,000 after acquiring an additional 132,973 shares during the period. Duality Advisers LP bought a new stake in Schneider National during the first quarter worth about $335,000. Envestnet Portfolio Solutions Inc. lifted its position in Schneider National by 18.6% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 13,662 shares of the company’s stock worth $309,000 after purchasing an additional 2,140 shares during the period. Quantbot Technologies LP lifted its position in Schneider National by 43.0% during the first quarter. Quantbot Technologies LP now owns 80,698 shares of the company’s stock worth $1,827,000 after purchasing an additional 24,278 shares during the period. Finally, SG Americas Securities LLC lifted its position in Schneider National by 244.5% during the first quarter. SG Americas Securities LLC now owns 70,335 shares of the company’s stock worth $1,592,000 after purchasing an additional 49,921 shares during the period. Institutional investors 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.