Schneider National (NYSE:SNDR) Price Target Cut to $25.00 by Analysts at Robert W. Baird

Schneider National (NYSE:SNDR) had its price objective decreased by Robert W. Baird from $35.00 to $25.00 in a research report report published on Friday, MarketBeat Ratings reports. Robert W. Baird currently has an outperform rating on the stock.

Several other research firms have also recently weighed in on SNDR. Credit Suisse Group raised their target price on shares of Schneider National from $31.00 to $35.00 and gave the company an outperform rating in a research note on Friday, August 11th. JPMorgan Chase & Co. reduced their price objective on shares of Schneider National from $34.00 to $32.00 and set a neutral rating for the company in a research report on Wednesday, October 11th. Benchmark reaffirmed a buy rating and set a $34.00 price objective on shares of Schneider National in a research report on Tuesday, October 10th. Stifel Nicolaus lifted their price objective on shares of Schneider National from $33.00 to $35.00 and gave the stock a buy rating in a research report on Wednesday, August 9th. Finally, The Goldman Sachs Group lifted their price objective on shares of Schneider National from $29.00 to $33.00 and gave the stock a neutral rating in a research report on Friday, August 4th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $29.67.

Schneider National Price Performance

NYSE:SNDR opened at $21.98 on Friday. Schneider National has a 1-year low of $21.65 and a 1-year high of $31.74. The company has a current ratio of 2.18, a quick ratio of 2.04 and a debt-to-equity ratio of 0.05. The firm has a fifty day simple moving average of $27.07 and a 200 day simple moving average of $27.66. The stock has a market capitalization of $3.89 billion, a PE ratio of 12.21 and a beta of 1.05.

Schneider National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 8th. Stockholders of record on Friday, December 8th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Thursday, December 7th. Schneider National’s dividend payout ratio is currently 20.00%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SNDR. Thrivent Financial for Lutherans acquired a new position in Schneider National in the second quarter valued at about $49,649,000. Wasatch Advisors Inc. acquired a new position in Schneider National during the first quarter worth about $25,894,000. Earnest Partners LLC raised its stake in Schneider National by 429,550.9% during the first quarter. Earnest Partners LLC now owns 691,738 shares of the company’s stock worth $17,639,000 after acquiring an additional 691,577 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Schneider National by 268.6% during the first quarter. Envestnet Asset Management Inc. now owns 946,658 shares of the company’s stock worth $7,132,000 after acquiring an additional 689,803 shares in the last quarter. Finally, Norges Bank acquired a new position in Schneider National during the fourth quarter worth about $14,200,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Schneider National Company Profile

Schneider National, Inc, together with its subsidiaries, engages in the provision of surface transportation and logistics solutions in the United States, Canada, and Mexico. The company 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 equipment across either network or dedicated configurations.