Bank of America Cuts Schneider National (NYSE:SNDR) Price Target to $23.00

Schneider National (NYSE:SNDR) had its price target cut by Bank of America from $25.00 to $23.00 in a research note published on Monday morning, Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities research analysts also recently commented on the company. Benchmark reiterated a buy rating and issued a $27.00 price objective on shares of Schneider National in a report on Friday, April 12th. Stifel Nicolaus upped their price objective on Schneider National from $26.00 to $27.00 and gave the company a buy rating in a report on Wednesday, January 10th. Susquehanna dropped their price objective on Schneider National from $27.00 to $25.00 and set a neutral rating for the company in a report on Monday, March 25th. Evercore ISI cut Schneider National from an outperform rating to an inline rating and set a $25.00 target price for the company. in a research note on Thursday, January 4th. Finally, TD Cowen decreased their target price on Schneider National from $28.00 to $26.00 and set an outperform rating for the company in a research note on Friday, February 2nd. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $28.21.

Schneider National Price Performance

Schneider National stock opened at $20.65 on Monday. The firm has a market cap of $3.63 billion, a P/E ratio of 15.53, a P/E/G ratio of 1.23 and a beta of 0.89. Schneider National has a 52 week low of $20.50 and a 52 week high of $31.74. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.64 and a current ratio of 1.83. The business’s fifty day moving average is $22.84 and its two-hundred day moving average is $24.00.

Schneider National (NYSE:SNDR) last released its earnings results on Thursday, February 1st. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.05). The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.35 billion. Schneider National had a return on equity of 8.23% and a net margin of 4.34%. The company’s revenue was down 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.64 EPS. Equities research analysts forecast that Schneider National will post 1.13 earnings per share for the current fiscal year.

Schneider National Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Friday, March 8th were issued a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend was Thursday, March 7th. This is an increase from Schneider National’s previous quarterly dividend of $0.09. Schneider National’s dividend payout ratio (DPR) is currently 28.57%.

Institutional Investors Weigh In On Schneider National

Several hedge funds have recently modified their holdings of SNDR. Natixis Advisors L.P. boosted its holdings in shares of Schneider National by 3.2% during the 1st quarter. Natixis Advisors L.P. now owns 21,247 shares of the company’s stock valued at $542,000 after acquiring an additional 654 shares in the last quarter. MetLife Investment Management LLC acquired a new stake in shares of Schneider National during the 1st quarter valued at $26,000. BlackRock Inc. boosted its holdings in shares of Schneider National by 1.8% during the 1st quarter. BlackRock Inc. now owns 4,137,866 shares of the company’s stock valued at $105,515,000 after acquiring an additional 71,701 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of Schneider National by 20.7% during the 1st quarter. Great West Life Assurance Co. Can now owns 4,954 shares of the company’s stock valued at $134,000 after acquiring an additional 851 shares in the last quarter. Finally, LSV Asset Management acquired a new stake in shares of Schneider National during the 1st quarter valued at $3,695,000. Institutional investors and hedge funds 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.