Schneider National (NYSE:SNDR) Given New $38.00 Price Target at Bank of America

Schneider National (NYSE:SNDR) had its price target raised by Bank of America from $35.00 to $38.00 in a research note released on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Susquehanna cut their price target on shares of Schneider National from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. TD Cowen upped their target price on Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday. Benchmark increased their price target on Schneider National from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Citigroup lowered Schneider National from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $32.00 to $30.00 in a research report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. cut their price objective on Schneider National from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $28.77.

Schneider National Stock Up 3.9 %

NYSE:SNDR opened at $33.28 on Tuesday. The company has a market cap of $5.83 billion, a PE ratio of 53.68, a PEG ratio of 3.83 and a beta of 0.85. The stock has a 50-day simple moving average of $28.87 and a 200 day simple moving average of $26.13. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.66. Schneider National has a 52-week low of $20.50 and a 52-week high of $33.47.

Schneider National (NYSE:SNDR) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.33 billion. Schneider National had a net margin of 2.10% and a return on equity of 3.92%. On average, sell-side analysts expect that Schneider National will post 0.7 EPS for the current fiscal year.

Schneider National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Friday, December 13th. Schneider National’s dividend payout ratio is 61.29%.

Hedge Funds Weigh In On Schneider National

Institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC lifted its stake in shares of Schneider National by 18.4% during the 3rd quarter. Geode Capital Management LLC now owns 746,272 shares of the company’s stock worth $21,305,000 after buying an additional 115,814 shares during the last quarter. MML Investors Services LLC lifted its position in Schneider National by 12.9% during the third quarter. MML Investors Services LLC now owns 26,987 shares of the company’s stock worth $770,000 after acquiring an additional 3,093 shares during the last quarter. Orion Portfolio Solutions LLC boosted its holdings in shares of Schneider National by 52.1% during the third quarter. Orion Portfolio Solutions LLC now owns 55,207 shares of the company’s stock worth $1,576,000 after acquiring an additional 18,908 shares during the period. State Street Corp grew its position in shares of Schneider National by 75.4% in the third quarter. State Street Corp now owns 1,730,769 shares of the company’s stock valued at $49,545,000 after purchasing an additional 743,800 shares during the last quarter. Finally, Stifel Financial Corp increased its stake in shares of Schneider National by 7.0% during the third quarter. Stifel Financial Corp now owns 98,155 shares of the company’s stock worth $2,801,000 after purchasing an additional 6,415 shares during the period. 28.54% of the stock is currently owned by institutional investors and hedge funds.

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.