Benchmark Issues Positive Forecast for Schneider National (NYSE:SNDR) Stock Price

Schneider National (NYSE:SNDR) had its price objective increased by Benchmark from $32.00 to $34.00 in a research note published on Wednesday morning,Benzinga reports. Benchmark currently has a buy rating on the stock.

Other equities analysts have also issued research reports about the stock. JPMorgan Chase & Co. reduced their price target on shares of Schneider National from $30.00 to $29.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Bank of America raised their price target on shares of Schneider National from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday. Robert W. Baird upped their price objective on Schneider National from $26.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. The Goldman Sachs Group decreased their target price on Schneider National from $26.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Finally, TD Cowen upped their price target on Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $29.08.

Schneider National Stock Down 1.3 %

Schneider National stock opened at $32.85 on Wednesday. Schneider National has a fifty-two week low of $20.50 and a fifty-two week high of $33.60. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.66. The firm’s 50-day simple moving average is $28.97 and its 200 day simple moving average is $26.21. The stock has a market cap of $5.75 billion, a PE ratio of 52.98, a price-to-earnings-growth ratio of 3.88 and a beta of 0.85.

Schneider National (NYSE:SNDR) last announced 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 business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Schneider National had a return on equity of 3.92% and a net margin of 2.10%. Research analysts predict that Schneider National will post 0.7 EPS for the current fiscal year.

Schneider National Dividend Announcement

The firm 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 $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 1.16%. Schneider National’s dividend payout ratio (DPR) is presently 61.29%.

Hedge Funds Weigh In On Schneider National

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Innealta Capital LLC purchased a new position in shares of Schneider National during the second quarter worth about $53,000. DekaBank Deutsche Girozentrale purchased a new stake in Schneider National during the third quarter valued at about $73,000. Hilltop National Bank grew its stake in shares of Schneider National by 28.5% during the second quarter. Hilltop National Bank now owns 3,044 shares of the company’s stock valued at $74,000 after buying an additional 676 shares during the last quarter. Quarry LP bought a new stake in shares of Schneider National in the 3rd quarter valued at about $90,000. Finally, SG Americas Securities LLC purchased a new stake in Schneider National during the 3rd quarter valued at about $109,000. 28.54% of the stock is currently owned by hedge funds and other institutional investors.

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.