Benchmark Issues Positive Forecast for Schneider National (NYSE:SNDR) Stock Price

Schneider National (NYSE:SNDR) had its price target hoisted by Benchmark from $32.00 to $34.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other brokerages have also issued reports on SNDR. Citigroup lowered Schneider National from a “neutral” rating to a “sell” rating and lowered their target price for the company from $32.00 to $30.00 in a research note on Tuesday, November 12th. TD Cowen boosted their price objective on Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Susquehanna cut their target price on shares of Schneider National from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Bank of America lifted their target price on shares of Schneider National from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Schneider National from $30.00 to $29.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $29.08.

Schneider National Stock Performance

NYSE SNDR opened at $33.61 on Wednesday. The company has a fifty day moving average price of $29.26 and a 200-day moving average price of $26.38. The firm has a market cap of $5.89 billion, a price-to-earnings ratio of 54.21, a PEG ratio of 2.84 and a beta of 0.85. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.66 and a quick ratio of 1.53. Schneider National has a 1 year low of $20.50 and a 1 year high of $33.90.

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 analysts’ consensus estimates of $0.23 by ($0.05). Schneider National had a net margin of 2.10% and a return on equity of 3.92%. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.33 billion. As a group, equities research analysts predict that Schneider National will post 0.7 EPS for the current fiscal year.

Schneider National Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors 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 is 61.29%.

Hedge Funds Weigh In On Schneider National

Institutional investors and hedge funds have recently made changes to their positions in the business. Deprince Race & Zollo Inc. bought a new stake in Schneider National in the 2nd quarter worth $30,072,000. State Street Corp grew its stake in shares of Schneider National by 75.4% in the third quarter. State Street Corp now owns 1,730,769 shares of the company’s stock worth $49,545,000 after purchasing an additional 743,800 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Schneider National during the 2nd quarter valued at about $15,216,000. Encompass Capital Advisors LLC bought a new position in Schneider National during the 2nd quarter valued at approximately $12,376,000. Finally, Earnest Partners LLC lifted its holdings in Schneider National by 25.5% in the 2nd quarter. Earnest Partners LLC now owns 2,166,146 shares of the company’s stock worth $52,334,000 after buying an additional 440,545 shares during the period. Institutional investors own 28.54% of the company’s stock.

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.