Bank of America Trims Schneider National (NYSE:SNDR) Target Price to $23.00

Schneider National (NYSE:SNDR) had its price target decreased by Bank of America from $25.00 to $23.00 in a research note issued to investors on Monday, Benzinga reports. Bank of America currently has a neutral rating on the stock.

Other analysts have also issued research reports about the company. Benchmark reissued a buy rating and issued a $27.00 target price on shares of Schneider National in a report on Friday, April 12th. Evercore ISI lowered Schneider National from an outperform rating to an inline rating and set a $25.00 target price for the company. in a report on Thursday, January 4th. Robert W. Baird reduced their target price on Schneider National from $29.00 to $27.00 and set an outperform rating for the company in a report on Thursday, April 4th. Susquehanna cut their price objective on Schneider National from $27.00 to $25.00 and set a neutral rating for the company in a report on Monday, March 25th. Finally, TD Cowen cut their price objective on Schneider National from $28.00 to $26.00 and set an outperform rating for the company in a report on Friday, February 2nd. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Hold and an average target price of $28.07.

Schneider National Trading Up 0.3 %

SNDR opened at $20.72 on Monday. Schneider National has a 52 week low of $20.50 and a 52 week high of $31.74. The company has a quick ratio of 1.64, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. The stock has a market cap of $3.65 billion, a PE ratio of 15.58, a PEG ratio of 1.39 and a beta of 0.89. The business has a 50 day moving average of $22.77 and a 200-day moving average of $23.98.

Schneider National (NYSE:SNDR) last posted its quarterly earnings data on Thursday, February 1st. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.05). Schneider National had a net margin of 4.34% and a return on equity of 8.23%. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same period last year, the business earned $0.64 EPS. The firm’s quarterly revenue was down 12.2% on a year-over-year basis. Equities research analysts predict that Schneider National will post 1.13 earnings per share for the current fiscal year.

Schneider National Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Friday, March 8th were given a dividend of $0.095 per share. The ex-dividend date was Thursday, March 7th. This is an increase from Schneider National’s previous quarterly dividend of $0.09. This represents a $0.38 annualized dividend and a yield of 1.83%. Schneider National’s payout ratio is 28.57%.

Hedge Funds Weigh In On Schneider National

Several institutional investors and hedge funds have recently bought and sold shares of SNDR. Wasatch Advisors Inc. purchased a new position in Schneider National during the first quarter valued at $25,894,000. Earnest Partners LLC lifted its position in shares of Schneider National by 429,550.9% in the first quarter. Earnest Partners LLC now owns 691,738 shares of the company’s stock worth $17,639,000 after buying an additional 691,577 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Schneider National by 268.6% in the first quarter. Envestnet Asset Management Inc. now owns 946,658 shares of the company’s stock worth $7,132,000 after buying an additional 689,803 shares in the last quarter. Norges Bank purchased a new stake in shares of Schneider National in the fourth quarter worth about $14,200,000. Finally, Copeland Capital Management LLC purchased a new stake in shares of Schneider National in the fourth quarter worth about $12,547,000. 28.54% of the stock is currently owned by hedge funds and other institutional investors.

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.