Schneider National (NYSE:SNDR) Price Target Cut to $31.00 by Analysts at Benchmark

Schneider National (NYSE:SNDR - Free Report) had its price objective decreased by Benchmark from $34.00 to $31.00 in a research note published on Monday morning,Benzinga reports. Benchmark currently has a buy rating on the stock.

SNDR has been the subject of a number of other reports. National Bankshares set a $25.00 price objective on shares of Schneider National in a research note on Friday, March 28th. The Goldman Sachs Group decreased their price target on shares of Schneider National from $28.00 to $23.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Citigroup upgraded shares of Schneider National from a "sell" rating to a "neutral" rating and cut their price objective for the stock from $25.00 to $23.00 in a research note on Tuesday, April 8th. JPMorgan Chase & Co. decreased their price target on Schneider National from $32.00 to $31.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Finally, Wells Fargo & Company dropped their target price on Schneider National from $32.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 27th. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Schneider National currently has an average rating of "Hold" and an average price target of $27.14.

Schneider National Stock Up 3.6 %

Shares of SNDR stock traded up $0.78 during mid-day trading on Monday, hitting $22.50. The company's stock had a trading volume of 744,097 shares, compared to its average volume of 817,420. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.66. The business has a 50-day moving average price of $24.37 and a 200 day moving average price of $27.86. Schneider National has a 52-week low of $20.55 and a 52-week high of $33.90. The stock has a market cap of $3.95 billion, a price-to-earnings ratio of 34.61, a PEG ratio of 0.54 and a beta of 1.10.

Schneider National (NYSE:SNDR - Get Free Report) 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 return on equity of 4.12% and a net margin of 2.21%. During the same period in the previous year, the business earned $0.16 earnings per share. Research analysts predict that Schneider National will post 1.12 EPS for the current fiscal year.

Schneider National Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Friday, March 14th were given a dividend of $0.095 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.69%. Schneider National's payout ratio is currently 58.46%.

Hedge Funds Weigh In On Schneider National

Hedge funds have recently added to or reduced their stakes in the business. QRG Capital Management Inc. raised its holdings in Schneider National by 1.1% during the first quarter. QRG Capital Management Inc. now owns 139,500 shares of the company's stock worth $3,188,000 after purchasing an additional 1,473 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Schneider National by 9.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,843 shares of the company's stock worth $408,000 after acquiring an additional 1,474 shares in the last quarter. NorthCrest Asset Manangement LLC acquired a new stake in shares of Schneider National during the 1st quarter valued at about $257,000. GAMMA Investing LLC boosted its holdings in Schneider National by 1,128.3% in the first 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. Finally, Vise Technologies Inc. acquired a new position in Schneider National during the fourth quarter valued at approximately $219,000. Institutional investors and hedge funds own 28.54% of the company's stock.

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.