Schneider National (NYSE:SNDR) Sets New 12-Month High – Time to Buy?

Schneider National, Inc. (NYSE:SNDR)’s stock price reached a new 52-week high on Monday . The stock traded as high as $32.32 and last traded at $32.29, with a volume of 23524 shares traded. The stock had previously closed at $31.61.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SNDR. Benchmark raised their price target on shares of Schneider National from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday. Evercore ISI decreased their price objective on shares of Schneider National from $27.00 to $26.00 and set an “in-line” rating on the stock in a report on Thursday, November 7th. Robert W. Baird boosted their target price on Schneider National from $26.00 to $30.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Citigroup cut Schneider National from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $32.00 to $30.00 in a research note on Tuesday, November 12th. Finally, Bank of America increased their price target on shares of Schneider National from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $29.08.

Schneider National Trading Up 3.9 %

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 firm has a market capitalization of $5.83 billion, a price-to-earnings ratio of 53.68, a PEG ratio of 3.88 and a beta of 0.85. The company has a 50-day moving average price of $28.87 and a 200-day moving average price of $26.13.

Schneider National (NYSE:SNDR) last issued its earnings results 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 net margin of 2.10% and a return on equity of 3.92%. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.33 billion. As a group, research analysts forecast that Schneider National, Inc. will post 0.7 EPS for the current fiscal year.

Schneider National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 13th will be issued a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Friday, December 13th. Schneider National’s payout ratio is currently 61.29%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SNDR. Principal Financial Group Inc. purchased a new position in shares of Schneider National during the third quarter worth approximately $6,327,000. Louisiana State Employees Retirement System purchased a new position in Schneider National during the 3rd quarter worth $648,000. Tidal Investments LLC acquired a new position in Schneider National in the first quarter valued at $468,000. GSA Capital Partners LLP purchased a new stake in shares of Schneider National in the third quarter valued at about $713,000. Finally, Quadrature Capital Ltd purchased a new position in shares of Schneider National during the first quarter worth about $489,000. 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.