The Goldman Sachs Group Lowers Schneider National (NYSE:SNDR) Price Target to $23.00

Schneider National (NYSE:SNDR) had its price objective cut by The Goldman Sachs Group from $28.00 to $23.00 in a report released on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

Several other brokerages have also recently weighed in on SNDR. Stephens reissued an “equal weight” rating and issued a $30.00 price objective (down previously from $32.00) on shares of Schneider National in a research note on Monday, February 3rd. National Bankshares set a $25.00 price target on Schneider National in a research note on Friday, March 28th. Wells Fargo & Company cut their price objective on Schneider National from $32.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 27th. JPMorgan Chase & Co. reduced their target price on Schneider National from $32.00 to $31.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Finally, Stifel Nicolaus raised their price target on shares of Schneider National from $28.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $27.79.

Schneider National Stock Performance

Shares of SNDR stock opened at $22.27 on Thursday. The firm has a market capitalization of $3.91 billion, a price-to-earnings ratio of 34.26, a PEG ratio of 0.54 and a beta of 1.10. The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The business’s 50-day moving average price is $24.92 and its 200-day moving average price is $28.03. Schneider National has a 12 month low of $20.50 and a 12 month high of $33.90.

Schneider National (NYSE:SNDR) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.20. Schneider National had a net margin of 2.21% and a return on equity of 4.12%. During the same period last year, the firm posted $0.16 earnings per share. Equities research analysts forecast that Schneider National will post 1.12 EPS for the current year.

Schneider National Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Friday, March 14th were given a dividend of $0.095 per share. The ex-dividend date was Friday, March 14th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.71%. Schneider National’s payout ratio is presently 58.46%.

Institutional Investors Weigh In On Schneider National

Large investors have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its position in shares of Schneider National by 1,128.3% during the 1st quarter. GAMMA Investing LLC now owns 16,041 shares of the company’s stock worth $367,000 after purchasing an additional 14,735 shares in the last quarter. Vise Technologies Inc. acquired a new stake in Schneider National in the fourth quarter valued at approximately $219,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Schneider National by 15.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 151,253 shares of the company’s stock valued at $4,429,000 after acquiring an additional 20,779 shares in the last quarter. Woodline Partners LP acquired a new position in shares of Schneider National during the fourth quarter worth approximately $8,453,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Schneider National during the fourth quarter worth approximately $847,000. 28.54% of the stock is currently owned by institutional investors and hedge funds.

Schneider National Company Profile

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.