Schneider National (NYSE:SNDR) Price Target Raised to $34.00

Schneider National (NYSE:SNDR) had its target price raised by TD Cowen from $32.00 to $34.00 in a research report sent to investors on Tuesday morning, Marketbeat.com reports. TD Cowen currently has a buy rating on the stock.

A number of other equities analysts have also recently issued reports on SNDR. Evercore ISI dropped 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 note on Thursday, November 7th. Robert W. Baird raised their price target on shares of Schneider National from $26.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Stifel Nicolaus lifted their price objective on Schneider National from $25.00 to $27.00 and gave the company a “hold” rating in a report on Monday, November 11th. Susquehanna dropped their target price on Schneider National from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Finally, The Goldman Sachs Group decreased their price target on Schneider National from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $29.08.

Schneider National Trading Down 1.3 %

Schneider National stock opened at $32.85 on Tuesday. Schneider National has a 52 week low of $20.50 and a 52 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 has a market capitalization of $5.75 billion, a PE ratio of 52.98, a PEG ratio of 3.88 and a beta of 0.85. The business’s 50-day simple moving average is $29.06 and its 200-day simple moving average is $26.26.

Schneider National (NYSE:SNDR) last announced its quarterly earnings data 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 analyst estimates of $1.33 billion. Schneider National had a return on equity of 3.92% and a net margin of 2.10%. Equities research analysts forecast that Schneider National will post 0.7 earnings per share for the current year.

Schneider National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 13th will be paid a $0.095 dividend. 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 (DPR) is currently 61.29%.

Hedge Funds Weigh In On Schneider National

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Schneider National by 10.6% in the 1st 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 in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Schneider National by 6.0% during the second quarter. Dimensional Fund Advisors LP now owns 4,013,001 shares of the company’s stock worth $96,953,000 after purchasing an additional 228,661 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of Schneider National by 1.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,914,631 shares of the company’s stock valued at $83,184,000 after purchasing an additional 48,905 shares in the last quarter. Earnest Partners LLC grew its position in shares of Schneider National by 25.5% in the 2nd quarter. Earnest Partners LLC now owns 2,166,146 shares of the company’s stock valued at $52,334,000 after purchasing an additional 440,545 shares during the period. Finally, American Century Companies Inc. raised its holdings in Schneider National by 10.9% during the 2nd quarter. American Century Companies Inc. now owns 1,906,179 shares of the company’s stock worth $46,053,000 after buying an additional 186,857 shares during the period. 28.54% of the stock is currently owned by institutional investors and hedge funds.

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.