Schneider National (NYSE:SNDR) Given New $34.00 Price Target at TD Cowen

Schneider National (NYSE:SNDR) had its target price increased by TD Cowen from $32.00 to $34.00 in a research report released on Tuesday, Marketbeat.com reports. The firm currently has a buy rating on the stock.

Several other analysts also recently weighed in on the company. Stifel Nicolaus lifted their target price on Schneider National from $25.00 to $27.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Robert W. Baird lifted their price objective on shares of Schneider National from $26.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Bank of America upgraded shares of Schneider National from an “underperform” rating to a “buy” rating and increased their target price for the company from $27.00 to $34.00 in a research report on Thursday, November 7th. JPMorgan Chase & Co. dropped their price target on shares of Schneider National from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Finally, Benchmark increased their price objective on shares of Schneider National from $27.00 to $30.00 and gave the company a “buy” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $28.77.

Schneider National Stock Performance

Shares of SNDR opened at $33.28 on Tuesday. The firm has a fifty day moving average of $28.87 and a 200-day moving average of $26.13. The company has a market cap of $5.83 billion, a price-to-earnings ratio of 53.68, a price-to-earnings-growth ratio of 3.83 and a beta of 0.85. 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 1 year low of $20.50 and a 1 year high of $33.47.

Schneider National (NYSE:SNDR) last posted its earnings results on Wednesday, November 6th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.05). Schneider National had a return on equity of 3.92% and a net margin of 2.10%. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.33 billion. As a group, equities analysts anticipate that Schneider National will post 0.7 earnings per share for the current year.

Schneider National Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 13th will be given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Friday, December 13th. Schneider National’s dividend payout ratio (DPR) is presently 61.29%.

Hedge Funds Weigh In On Schneider National

Hedge funds and other institutional investors have recently modified their holdings of the stock. Innealta Capital LLC purchased a new position in shares of Schneider National in the second quarter worth approximately $53,000. DekaBank Deutsche Girozentrale acquired a new position in Schneider National in the 3rd quarter worth approximately $73,000. Hilltop National Bank grew its position in Schneider National by 28.5% during the 2nd quarter. Hilltop National Bank now owns 3,044 shares of the company’s stock worth $74,000 after purchasing an additional 676 shares in the last quarter. Quarry LP acquired a new stake in Schneider National during the 3rd quarter valued at $90,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Schneider National in the third quarter valued at $109,000. Institutional investors and hedge funds own 28.54% of the company’s stock.

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.