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

Schneider National (NYSE:SNDR) had its price target raised by JPMorgan Chase & Co. from $24.00 to $30.00 in a research report report published on Friday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other research analysts have also recently issued reports about the stock. Robert W. Baird raised their target price on shares of Schneider National from $26.00 to $30.00 and gave the stock an outperform rating in a 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 objective on the stock. in a research report on Monday, July 22nd. Wells Fargo & Company started coverage on shares of Schneider National in a research note on Friday, June 7th. They issued an equal weight rating and a $23.00 price objective on the stock. TD Cowen cut their price objective on Schneider National from $26.00 to $25.00 and set a buy rating for the company in a report on Friday, May 3rd. Finally, UBS Group boosted their price objective on Schneider National from $26.00 to $28.00 and gave the company a buy rating in a research report on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Schneider National currently has a consensus rating of Hold and an average target price of $27.57.

Schneider National Stock Performance

Shares of SNDR stock traded down $0.28 during trading hours on Friday, reaching $27.38. The stock had a trading volume of 992,647 shares, compared to its average volume of 906,618. 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 has a twelve month low of $20.50 and a twelve month high of $31.53. The firm has a 50-day simple moving average of $23.70 and a 200-day simple moving average of $23.12. The firm has a market capitalization of $4.81 billion, a PE ratio of 31.43, a price-to-earnings-growth ratio of 2.61 and a beta of 0.85.

Schneider National (NYSE:SNDR) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.03. Schneider National had a net margin of 2.18% and a return on equity of 4.08%. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the firm posted $0.45 EPS. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. As a group, equities analysts forecast that Schneider National will post 0.84 earnings per share for the current year.

Schneider National Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Friday, September 13th will be given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Friday, September 13th. Schneider National’s dividend payout ratio (DPR) is currently 43.18%.

Institutional Investors Weigh In On Schneider National

A number of institutional investors and hedge funds have recently made changes to their positions in SNDR. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Schneider National during the 2nd quarter worth approximately $15,216,000. Norges Bank bought a new stake in shares of Schneider National during the 4th quarter worth approximately $11,027,000. Vanguard Group Inc. raised its stake in shares of Schneider National by 10.6% during the 1st 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 in the last quarter. First Trust Advisors LP raised its stake in Schneider National by 25.5% in the 4th quarter. First Trust Advisors LP now owns 1,812,883 shares of the company’s stock valued at $46,138,000 after acquiring an additional 368,920 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its stake in Schneider National by 50.9% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 903,826 shares of the company’s stock valued at $20,463,000 after acquiring an additional 304,711 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.