Schneider National (NYSE:SNDR) Stock Price Expected to Rise, Bank of America Analyst Says

Schneider National (NYSE:SNDRFree Report) had its price target increased by Bank of America from $35.00 to $38.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Bank of America currently has a buy rating on the stock.

Other analysts also recently issued reports about the stock. Evercore ISI decreased their target price on shares of Schneider National from $27.00 to $26.00 and set an “in-line” rating for the company in a research report on Thursday, November 7th. The Goldman Sachs Group reduced their price objective on shares of Schneider National from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Stifel Nicolaus increased their target price on shares of Schneider National from $25.00 to $27.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Susquehanna reduced their price target on Schneider National from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. decreased their price target on Schneider National from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $29.08.

Get Our Latest Stock Report on Schneider National

Schneider National Price Performance

Shares of NYSE:SNDR opened at $33.63 on Tuesday. The firm has a market cap of $5.89 billion, a price-to-earnings ratio of 54.24, a P/E/G ratio of 2.84 and a beta of 0.85. Schneider National has a 1 year low of $20.50 and a 1 year high of $33.90. The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The business has a fifty day simple moving average of $29.15 and a 200 day simple moving average of $26.30.

Schneider National (NYSE:SNDRGet Free Report) last posted its quarterly 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 firm had revenue of $1.32 billion for 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%. As a group, sell-side analysts predict that Schneider National will post 0.7 earnings per share for the current fiscal year.

Schneider National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.095 per share. 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 1.13%. Schneider National’s dividend payout ratio (DPR) is presently 61.29%.

Institutional Trading of Schneider National

Hedge funds have recently bought and sold shares of the stock. Innealta Capital LLC bought a new stake in shares of Schneider National in the 2nd quarter worth approximately $53,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Schneider National in the third quarter valued at $73,000. Hilltop National Bank lifted its position in Schneider National by 28.5% in the second quarter. Hilltop National Bank now owns 3,044 shares of the company’s stock worth $74,000 after purchasing an additional 676 shares during the period. Quarry LP acquired a new stake in Schneider National during the third quarter worth $90,000. Finally, SG Americas Securities LLC bought a new stake in Schneider National in the 3rd quarter valued at $109,000. 28.54% of the stock is owned by institutional investors.

About Schneider National

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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.

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Analyst Recommendations for Schneider National (NYSE:SNDR)

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