TD Cowen Cuts Schneider National (NYSE:SNDR) Price Target to $23.00

Schneider National (NYSE:SNDR) had its price target cut by TD Cowen from $25.00 to $23.00 in a research report sent to investors on Friday, MarketBeat.com reports. They currently have a buy rating on the stock.

SNDR has been the subject of a number of other research reports. UBS Group downgraded Schneider National from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $25.00 to $26.00 in a research report on Friday, September 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Schneider National in a report on Wednesday, October 8th. Evercore ISI lowered their target price on shares of Schneider National from $24.00 to $22.00 and set an “in-line” rating for the company in a report on Tuesday, September 30th. Zacks Research lowered shares of Schneider National from a “hold” rating to a “strong sell” rating in a report on Monday, October 13th. Finally, National Bankshares set a $21.00 target price on Schneider National in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $25.79.

Schneider National Trading Up 5.9%

SNDR stock opened at $21.45 on Friday. The company has a market cap of $3.76 billion, a P/E ratio of 33.51, a PEG ratio of 0.72 and a beta of 1.06. Schneider National has a twelve month low of $20.11 and a twelve month high of $33.90. The company has a quick ratio of 1.93, a current ratio of 2.11 and a debt-to-equity ratio of 0.17. The business has a fifty day moving average of $23.04 and a 200-day moving average of $23.77.

Schneider National (NYSE:SNDR) last released its earnings results on Thursday, October 30th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.09). The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.44 billion. Schneider National had a return on equity of 4.04% and a net margin of 2.03%.The company’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.18 EPS. Schneider National has set its FY 2025 guidance at 0.700-0.950 EPS. As a group, equities research analysts expect that Schneider National will post 1.12 EPS for the current year.

Schneider National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 12th. Shareholders of record on Friday, December 12th will be issued a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, December 12th. Schneider National’s dividend payout ratio is 59.38%.

Insider Activity

In other Schneider National news, EVP Thomas G. Jackson sold 36,596 shares of the stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $24.36, for a total value of $891,478.56. Following the completion of the sale, the executive vice president directly owned 72,870 shares in the company, valued at $1,775,113.20. This represents a 33.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 32.68% of the stock is owned by company insiders.

Institutional Investors Weigh In On Schneider National

Several large investors have recently modified their holdings of SNDR. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Schneider National by 9.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,843 shares of the company’s stock worth $408,000 after acquiring an additional 1,474 shares in the last quarter. KBC Group NV acquired a new position in Schneider National in the 1st quarter worth $28,000. New York State Teachers Retirement System boosted its stake in Schneider National by 33.6% in the 1st quarter. New York State Teachers Retirement System now owns 18,447 shares of the company’s stock worth $422,000 after purchasing an additional 4,637 shares during the period. Teacher Retirement System of Texas acquired a new position in Schneider National in the 1st quarter worth $395,000. Finally, Principal Financial Group Inc. boosted its stake in Schneider National by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 233,660 shares of the company’s stock worth $5,339,000 after purchasing an additional 5,925 shares during the period. 28.54% of the stock is currently owned by 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.