Schneider National (NYSE:SNDR) Rating Increased to Buy at Bank of America

Bank of America upgraded shares of Schneider National (NYSE:SNDR) from an underperform rating to a buy rating in a report issued on Thursday morning, MarketBeat.com reports. The firm currently has $34.00 target price on the stock, up from their prior target price of $27.00.

Other analysts have also recently issued research reports about the company. Citigroup assumed coverage on Schneider National in a report on Wednesday, October 9th. They set a “neutral” rating and a $29.00 target price on the stock. Benchmark raised their price target on Schneider National from $27.00 to $30.00 and gave the company a “buy” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. raised their price target on Schneider National from $24.00 to $30.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Robert W. Baird raised their price target on Schneider National from $26.00 to $30.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Finally, Stifel Nicolaus cut Schneider National from a “buy” rating to a “hold” rating and set a $25.00 price target on the stock. in a report on Thursday, August 8th. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $27.54.

Schneider National Price Performance

NYSE:SNDR traded up $0.96 during trading hours on Thursday, reaching $31.47. The company had a trading volume of 442,910 shares, compared to its average volume of 823,853. The stock has a 50-day moving average of $27.90 and a two-hundred day moving average of $25.26. The company has a quick ratio of 1.46, a current ratio of 1.59 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $5.51 billion, a PE ratio of 49.18, a PEG ratio of 3.10 and a beta of 0.85. Schneider National has a one year low of $20.50 and a one year high of $31.71.

Schneider National (NYSE:SNDR) last announced its earnings results on Wednesday, November 6th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.05). The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.33 billion. Schneider National had a return on equity of 3.92% and a net margin of 2.10%. Analysts forecast that Schneider National will post 0.83 earnings per share for the current year.

Schneider National Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 13th will be paid 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 1.21%. Schneider National’s payout ratio is presently 61.29%.

Institutional Trading of Schneider National

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Schneider National by 10.6% in the first quarter. Vanguard Group Inc. now owns 4,061,994 shares of the company’s stock worth $91,964,000 after purchasing an additional 388,913 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Schneider National by 6.0% in the second quarter. Dimensional Fund Advisors LP now owns 4,013,001 shares of the company’s stock valued at $96,953,000 after buying an additional 228,661 shares during the period. Thrivent Financial for Lutherans lifted its holdings in Schneider National by 1.7% in the third quarter. Thrivent Financial for Lutherans now owns 2,914,631 shares of the company’s stock valued at $83,184,000 after buying an additional 48,905 shares during the period. Earnest Partners LLC lifted its holdings in Schneider National by 25.5% in the second quarter. Earnest Partners LLC now owns 2,166,146 shares of the company’s stock valued at $52,334,000 after buying an additional 440,545 shares during the period. Finally, American Century Companies Inc. lifted its holdings in Schneider National by 10.9% in the second quarter. American Century Companies Inc. now owns 1,906,179 shares of the company’s stock valued at $46,053,000 after buying an additional 186,857 shares during the period. Institutional investors own 28.54% of the company’s stock.

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.