Schneider National (NYSE:SNDR) Stock Price Expected to Rise, TD Cowen Analyst Says

Schneider National (NYSE:SNDR - Free Report) had its target price boosted by TD Cowen from $28.00 to $32.00 in a research report sent to investors on Friday morning, MarketBeat Ratings reports. The brokerage currently has a buy rating on the stock.

Several other research analysts have also commented on the stock. Citigroup assumed coverage on shares of Schneider National in a research note on Wednesday, October 9th. They set a "neutral" rating and a $29.00 price objective for the company. Susquehanna decreased their price target on shares of Schneider National from $29.00 to $26.00 and set a "neutral" rating for the company in a research report on Thursday. Stifel Nicolaus lowered shares of Schneider National from a "buy" rating to a "hold" rating and set a $25.00 price target for the company. in a research report on Thursday, August 8th. JPMorgan Chase & Co. cut their price objective on shares of Schneider National from $30.00 to $29.00 and set a "neutral" rating on the stock in a report on Thursday. Finally, The Goldman Sachs Group cut their price objective on shares of Schneider National from $26.00 to $25.00 and set a "neutral" rating on the stock in a report on Wednesday, October 9th. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $28.08.

Schneider National Stock Up 3.1 %

SNDR stock traded up $0.96 during trading on Friday, hitting $31.47. 827,836 shares of the stock traded hands, compared to its average volume of 825,786. Schneider National has a 1 year low of $20.50 and a 1 year high of $31.71. The firm's 50 day moving average is $27.99 and its two-hundred day moving average is $25.37. The stock has a market cap of $5.51 billion, a price-to-earnings ratio of 50.76, a price-to-earnings-growth ratio of 3.10 and a beta of 0.85. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.59 and a quick ratio of 1.46.

Schneider National (NYSE:SNDR - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.18 earnings per share 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 business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.33 billion. On average, sell-side analysts anticipate that Schneider National will post 0.83 EPS for the current year.

Schneider National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 13th will be given a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 1.21%. The ex-dividend date is Friday, December 13th. Schneider National's dividend payout ratio is currently 61.29%.

Hedge Funds Weigh In On Schneider National

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company grew its holdings in Schneider National by 3.6% during the second quarter. The Manufacturers Life Insurance Company now owns 14,136 shares of the company's stock worth $342,000 after acquiring an additional 493 shares during the period. CANADA LIFE ASSURANCE Co increased its stake in Schneider National by 3.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 19,917 shares of the company's stock worth $451,000 after acquiring an additional 618 shares during the last quarter. Hilltop National Bank grew its stake in shares of Schneider National by 28.5% in the second quarter. Hilltop National Bank now owns 3,044 shares of the company's stock valued at $74,000 after buying an additional 676 shares in the last quarter. California State Teachers Retirement System grew its stake in shares of Schneider National by 1.7% in the first quarter. California State Teachers Retirement System now owns 55,889 shares of the company's stock valued at $1,265,000 after buying an additional 958 shares in the last quarter. Finally, Comerica Bank grew its stake in shares of Schneider National by 11.8% in the first quarter. Comerica Bank now owns 12,283 shares of the company's stock valued at $278,000 after buying an additional 1,297 shares in the last quarter. 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.