Benchmark Boosts Schneider National (NYSE:SNDR) Price Target to $34.00

Schneider National (NYSE:SNDR) had its price target raised by Benchmark from $32.00 to $34.00 in a research note released on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms have also recently commented on SNDR. TD Cowen raised their target price on Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. dropped their target price on shares of Schneider National from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. The Goldman Sachs Group decreased their price target on shares of Schneider National from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Robert W. Baird boosted their price objective on shares of Schneider National from $26.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Finally, Bank of America raised their target price on shares of Schneider National from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $29.08.

Schneider National Price Performance

Shares of SNDR stock opened at $32.85 on Wednesday. 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 fifty-two week low of $20.50 and a fifty-two week high of $33.60. The firm has a market cap of $5.75 billion, a P/E ratio of 52.98, a P/E/G ratio of 3.88 and a beta of 0.85. The business’s 50 day moving average price is $28.97 and its 200-day moving average price is $26.21.

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 company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.33 billion. On average, equities research analysts anticipate that Schneider National will post 0.7 earnings per share for the current year.

Schneider National Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 13th will be given a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.38 annualized dividend and a dividend yield of 1.16%. Schneider National’s dividend payout ratio (DPR) is presently 61.29%.

Hedge Funds Weigh In On Schneider National

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. purchased a new position in shares of Schneider National during the third quarter valued at approximately $6,327,000. Louisiana State Employees Retirement System bought a new stake in Schneider National in the 3rd quarter worth approximately $648,000. Tidal Investments LLC purchased a new stake in Schneider National during the first quarter valued at $468,000. GSA Capital Partners LLP bought a new position in Schneider National in the third quarter valued at about $713,000. Finally, Thrivent Financial for Lutherans boosted its position in Schneider National by 1.1% in the second quarter. Thrivent Financial for Lutherans now owns 2,865,726 shares of the company’s stock worth $69,236,000 after purchasing an additional 30,113 shares during the last quarter. Institutional investors 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.