Schneider National (NYSE:SNDR) Price Target Cut to $26.00 by Analysts at Evercore ISI

Schneider National (NYSE:SNDR) had its target price lowered by Evercore ISI from $27.00 to $26.00 in a research note published on Thursday,Benzinga reports. The brokerage currently has an in-line rating on the stock.

Other analysts also recently issued reports about the company. Robert W. Baird upped their price objective on Schneider National from $26.00 to $30.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Stifel Nicolaus lowered shares of Schneider National from a “buy” rating to a “hold” rating and set a $25.00 target price on the stock. in a report on Thursday, August 8th. JPMorgan Chase & Co. lifted their price target on shares of Schneider National from $24.00 to $30.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Citigroup began 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 on the stock. Finally, Benchmark lifted their target price on shares of Schneider National from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Schneider National has an average rating of “Hold” and an average price target of $28.08.

Schneider National Stock Performance

Shares of SNDR opened at $31.47 on Thursday. Schneider National has a 12-month low of $20.50 and a 12-month high of $31.71. The stock has a market cap of $5.51 billion, a P/E ratio of 50.76, a PEG ratio of 3.10 and a beta of 0.85. The company has a current ratio of 1.59, a quick ratio of 1.46 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average of $27.99 and a two-hundred day moving average of $25.37.

Schneider National (NYSE:SNDR) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.18 earnings per share (EPS) 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 company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.33 billion. As a group, research analysts predict that Schneider National will post 0.83 EPS for the current fiscal year.

Schneider National Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.095 per share. The ex-dividend date is Friday, December 13th. This represents a $0.38 annualized dividend and a dividend yield of 1.21%. Schneider National’s dividend payout ratio is presently 61.29%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in SNDR. Deprince Race & Zollo Inc. acquired a new stake in Schneider National during the second quarter worth about $30,072,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Schneider National in the second quarter valued at approximately $15,216,000. Encompass Capital Advisors LLC acquired a new position in Schneider National during the second quarter valued at approximately $12,376,000. Earnest Partners LLC grew its stake in Schneider National by 25.5% during the second quarter. Earnest Partners LLC now owns 2,166,146 shares of the company’s stock worth $52,334,000 after buying an additional 440,545 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Schneider National by 10.6% in the 1st quarter. Vanguard Group Inc. now owns 4,061,994 shares of the company’s stock valued at $91,964,000 after acquiring an additional 388,913 shares during the period. 28.54% of the stock is owned by hedge funds and other 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.