Schneider National (NYSE:SNDR) PT Raised to $30.00

Schneider National (NYSE:SNDR) had its price objective boosted by Benchmark from $27.00 to $30.00 in a report published on Friday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts have also commented on SNDR. TD Cowen decreased their price objective on shares of Schneider National from $26.00 to $25.00 and set a buy rating for the company in a research report on Friday, May 3rd. Stifel Nicolaus reissued a buy rating and set a $25.00 price target on shares of Schneider National in a research report on Wednesday, May 15th. 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 report on Friday. Bank of America lowered shares of Schneider National from a neutral rating to an underperform rating and set a $23.00 price target for the company. in a research report on Monday, July 22nd. Finally, UBS Group raised their price target on shares of Schneider National from $26.00 to $28.00 and gave the stock a buy rating in a research report on Tuesday, July 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $27.57.

Schneider National Stock Up 3.0 %

Shares of SNDR stock traded up $0.83 during mid-day trading on Friday, hitting $28.20. 630,176 shares of the stock traded hands, compared to its average volume of 907,128. The stock has a market cap of $4.95 billion, a P/E ratio of 31.10, a P/E/G ratio of 2.57 and a beta of 0.85. The stock’s fifty day moving average is $23.81 and its two-hundred day moving average is $23.14. Schneider National has a 52-week low of $20.50 and a 52-week high of $31.53. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.44 and a quick ratio of 1.32.

Schneider National (NYSE:SNDR) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.18 by $0.03. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.35 billion. Schneider National had a net margin of 2.18% and a return on equity of 4.08%. The company’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.45 earnings per share. Equities analysts predict that Schneider National will post 0.86 EPS for the current year.

Schneider National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 8th. Investors of record on Friday, September 13th will be paid a $0.095 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.38 dividend on an annualized basis and a yield of 1.35%. Schneider National’s dividend payout ratio is currently 43.18%.

Institutional Investors Weigh In On Schneider National

A number of institutional investors have recently added to or reduced their stakes in SNDR. Principal Securities Inc. purchased a new position in Schneider National in the 4th quarter valued at $48,000. Innealta Capital LLC purchased a new position in Schneider National in the 2nd quarter valued at $53,000. Hilltop National Bank lifted its holdings in Schneider National by 28.5% in the 2nd quarter. Hilltop National Bank now owns 3,044 shares of the company’s stock valued at $74,000 after purchasing an additional 676 shares in the last quarter. Quest Partners LLC purchased a new position in Schneider National in the 4th quarter valued at $102,000. Finally, TFO Wealth Partners LLC lifted its holdings in Schneider National by 78,622.2% in the 4th quarter. TFO Wealth Partners LLC now owns 7,085 shares of the company’s stock valued at $180,000 after purchasing an additional 7,076 shares in the last quarter. Institutional investors and hedge funds 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.