Wells Fargo & Company Cuts Schneider National (NYSE:SNDR) Price Target to $25.00

Schneider National (NYSE:SNDR) had its target price decreased by Wells Fargo & Company from $32.00 to $25.00 in a research note released on Thursday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Other equities analysts have also issued reports about the company. Susquehanna reduced their price objective on Schneider National from $32.00 to $24.00 and set a “neutral” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. decreased their price target on shares of Schneider National from $32.00 to $31.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Stephens reaffirmed 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. Stifel Nicolaus lifted their target price on shares of Schneider National from $28.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Finally, Benchmark upped their price target on shares of Schneider National from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Schneider National currently has a consensus rating of “Hold” and a consensus price target of $28.69.

Schneider National Stock Down 3.7 %

SNDR stock opened at $22.61 on Thursday. The company’s 50 day moving average is $26.70 and its 200 day moving average is $28.50. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 34.79, a price-to-earnings-growth ratio of 0.54 and a beta of 0.87. The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. Schneider National has a 1-year low of $20.50 and a 1-year high of $33.90.

Schneider National (NYSE:SNDR) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.20 EPS for the quarter, hitting 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 business posted $0.16 EPS. Sell-side analysts predict that Schneider National will post 1.12 EPS for the current fiscal year.

Schneider National Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Friday, March 14th will be given a $0.095 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.38 annualized dividend and a dividend yield of 1.68%. Schneider National’s dividend payout ratio is 58.46%.

Institutional Trading of Schneider National

Several large investors have recently bought and sold shares of the company. Natixis Advisors LLC boosted its position in shares of Schneider National by 23.9% during the third quarter. Natixis Advisors LLC now owns 32,937 shares of the company’s stock valued at $940,000 after purchasing an additional 6,359 shares in the last quarter. Mutual of America Capital Management LLC purchased a new position in Schneider National during the third quarter valued at $202,000. Charles Schwab Investment Management Inc. lifted its position in Schneider National by 11.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 819,333 shares of the company’s stock valued at $23,384,000 after buying an additional 83,439 shares during the period. Cerity Partners LLC boosted its holdings in shares of Schneider National by 19.2% during the 3rd quarter. Cerity Partners LLC now owns 58,447 shares of the company’s stock valued at $1,668,000 after buying an additional 9,419 shares in the last quarter. Finally, FMR LLC grew its position in shares of Schneider National by 44.5% in the 3rd quarter. FMR LLC now owns 27,904 shares of the company’s stock worth $796,000 after buying an additional 8,593 shares during the period. 28.54% of the stock is owned by 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.