Schneider National (NYSE:SNDR) Price Target Raised to $28.00 at Bank of America

Schneider National (NYSE:SNDR) had its price objective hoisted by Bank of America from $26.00 to $28.00 in a research note released on Wednesday,Benzinga reports. Bank of America currently has a neutral rating on the stock.

Several other equities analysts also recently commented on SNDR. Susquehanna lowered their price target on Schneider National from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, September 24th. National Bankshares set a $21.00 price objective on shares of Schneider National in a report on Friday, October 31st. Citigroup dropped their target price on shares of Schneider National from $25.00 to $23.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. TD Cowen cut their target price on shares of Schneider National from $25.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Schneider National in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $26.20.

Schneider National Trading Up 0.2%

Shares of NYSE:SNDR opened at $27.19 on Wednesday. The company has a current ratio of 2.11, a quick ratio of 1.93 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $4.77 billion, a PE ratio of 42.49, a P/E/G ratio of 1.07 and a beta of 1.09. Schneider National has a 1 year low of $20.11 and a 1 year high of $31.19. The firm has a fifty day moving average price of $23.65 and a 200 day moving average price of $23.97.

Schneider National (NYSE:SNDR) last announced its quarterly 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 company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.44 billion. Schneider National had a return on equity of 4.04% and a net margin of 2.03%.Schneider National’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.18 EPS. Schneider National has set its FY 2025 guidance at 0.700-0.950 EPS. Analysts expect that Schneider National will post 1.12 EPS for the current fiscal year.

Schneider National Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 12th. Investors of record on Friday, December 12th will be paid a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, December 12th. Schneider National’s dividend payout ratio (DPR) is presently 59.38%.

Hedge Funds Weigh In On Schneider National

Large investors have recently added to or reduced their stakes in the company. WPG Advisers LLC acquired a new stake in shares of Schneider National during the 1st quarter worth approximately $25,000. Quarry LP acquired a new stake in Schneider National during the first quarter worth $32,000. Caitong International Asset Management Co. Ltd boosted its stake in Schneider National by 2,425.4% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,692 shares of the company’s stock worth $36,000 after buying an additional 1,625 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Schneider National in the 2nd quarter valued at $37,000. Finally, KBC Group NV raised its stake in shares of Schneider National by 86.3% in the 2nd quarter. KBC Group NV now owns 2,290 shares of the company’s stock valued at $55,000 after buying an additional 1,061 shares in the last quarter. Institutional investors and hedge funds own 28.54% of the company’s stock.

About Schneider National

Schneider National, Inc is a leading provider of transportation and logistics services in North America. The company offers a full spectrum of solutions, including truckload transportation, intermodal services and dedicated logistics. Through these offerings, Schneider supports the movement of goods ranging from dry van freight to refrigerated and flatbed shipments, while also providing customized supply chain management and warehousing capabilities.

Founded in 1935 by Al Schneider as a single-truck operation in Green Bay, Wisconsin, the company has grown into one of the industry’s most recognized carriers.