Schneider National (NYSE:SNDR) PT Lowered to $27.00 at Evercore ISI

Schneider National (NYSE:SNDR - Free Report) had its price objective cut by Evercore ISI from $28.00 to $27.00 in a report issued on Thursday morning, Benzinga reports. They currently have an in-line rating on the stock.

Other research analysts have also recently issued reports about the company. Benchmark raised their price objective on Schneider National from $27.00 to $30.00 and gave the stock a buy rating in a research note on Friday, August 2nd. Bank of America cut shares of Schneider National from a neutral rating to an underperform rating and set a $23.00 price objective for the company. in a research note on Monday, July 22nd. Wells Fargo & Company initiated coverage on shares of Schneider National in a research note on Friday, June 7th. They issued an equal weight rating and a $23.00 price objective on the stock. JPMorgan Chase & Co. boosted their target price on shares of Schneider National from $24.00 to $30.00 and gave the company a neutral rating in a research report on Friday, August 2nd. Finally, UBS Group increased their price target on Schneider National from $26.00 to $28.00 and gave the stock a buy rating in a research report on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Schneider National presently has a consensus rating of Hold and an average target price of $27.46.

Schneider National Stock Performance

SNDR stock traded down $0.25 during trading on Thursday, reaching $27.40. The company had a trading volume of 1,248,534 shares, compared to its average volume of 859,658. The company has a market cap of $4.80 billion, a price-to-earnings ratio of 30.92, a price-to-earnings-growth ratio of 2.61 and a beta of 0.85. Schneider National has a twelve month low of $20.50 and a twelve month high of $29.01. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.46 and a current ratio of 1.59. The firm has a 50-day simple moving average of $27.28 and a 200-day simple moving average of $24.18.

Schneider National (NYSE:SNDR - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.18 by $0.03. Schneider National had a net margin of 2.18% and a return on equity of 4.08%. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the previous year, the firm posted $0.45 earnings per share. The business's revenue for the quarter was down 2.2% compared to the same quarter last year. As a group, sell-side analysts expect that Schneider National will post 0.85 earnings per share for the current year.

Schneider National Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 8th. Investors of record on Friday, September 13th will be paid a $0.095 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.38 dividend on an annualized basis and a yield of 1.39%. Schneider National's dividend payout ratio is currently 43.18%.

Insiders Place Their Bets

In other Schneider National news, insider Shaleen Devgun sold 10,000 shares of the business's stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $27.60, for a total transaction of $276,000.00. Following the completion of the sale, the insider now directly owns 55,726 shares in the company, valued at approximately $1,538,037.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. 32.68% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Schneider National

Large investors have recently modified their holdings of the business. Innealta Capital LLC acquired a new stake in shares of Schneider National in the second quarter valued at approximately $53,000. Hilltop National Bank raised its holdings in shares of 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 acquiring an additional 676 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Schneider National in the third quarter valued at about $109,000. Covestor Ltd increased its position in Schneider National by 51.9% during the first quarter. Covestor Ltd now owns 7,661 shares of the company's stock worth $173,000 after purchasing an additional 2,617 shares during the last quarter. Finally, FCG Investment Co purchased a new position in Schneider National during the first quarter worth about $205,000. Hedge funds and other 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.