Schneider National Inc (SNDR) Earns Sector Weight Rating from Analysts at KeyCorp
KeyCorp assumed coverage on shares of Schneider National Inc (NASDAQ:SNDR) in a research note released on Tuesday, MarketBeat.com reports. The firm issued a sector weight rating on the stock. KeyCorp also issued estimates for Schneider National’s Q3 2017 earnings at $0.25 EPS, Q4 2017 earnings at $0.32 EPS, FY2017 earnings at $0.95 EPS and FY2018 earnings at $1.15 EPS.
A number of other brokerages have also recently commented on SNDR. BidaskClub raised Schneider National from a buy rating to a strong-buy rating in a report on Tuesday, September 12th. Zacks Investment Research raised Schneider National from a sell rating to a hold rating in a report on Thursday, September 7th. Robert W. Baird reissued a buy rating and set a $28.00 price target on shares of Schneider National in a report on Friday, October 6th. UBS AG reissued a buy rating and set a $30.00 price target (up from $24.00) on shares of Schneider National in a report on Friday, September 29th. Finally, Bank of America Corporation reissued a buy rating and set a $25.00 price target (up from $23.00) on shares of Schneider National in a report on Monday, July 10th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Schneider National currently has a consensus rating of Buy and an average price target of $24.13.
Schneider National (NASDAQ:SNDR) opened at 24.30 on Tuesday. The stock has a 50 day moving average price of $23.81 and a 200 day moving average price of $21.30. Schneider National has a 12 month low of $17.69 and a 12 month high of $26.85. The stock has a market capitalization of $4.30 billion and a PE ratio of 1.57.
Schneider National (NASDAQ:SNDR) last announced its earnings results on Tuesday, August 1st. The company reported $0.23 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.23. Schneider National had a return on equity of 13.37% and a net margin of 4.32%. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the firm earned $0.28 EPS. Schneider National’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, equities research analysts forecast that Schneider National will post $0.95 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Wednesday, September 20th were issued a dividend of $0.05 per share. The ex-dividend date was Tuesday, September 19th. This represents a $0.20 dividend on an annualized basis and a yield of 0.82%.
A number of large investors have recently bought and sold shares of the business. DekaBank Deutsche Girozentrale bought a new stake in Schneider National during the second quarter valued at about $111,000. Legal & General Group Plc bought a new stake in Schneider National during the second quarter valued at about $173,000. GSA Capital Partners LLP bought a new stake in Schneider National during the second quarter valued at about $201,000. Strs Ohio bought a new stake in Schneider National during the second quarter valued at about $212,000. Finally, Tudor Investment Corp ET AL purchased a new position in shares of Schneider National during the second quarter valued at about $369,000.
About Schneider National
Schneider National, Inc is a provider of transportation, logistics and related services. The Company’s transportation solutions include one-way, intermodal, dedicated, bulk, transport management, trans loading services, international services and Schneider payment services. Its supply chain management and consulting services include logistics solution design, global supply chain services, enterprise and market entry assistance, and sourcing and compliance.
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