Susquehanna Boosts Schneider National (NYSE:SNDR) Price Target to $29.00

Schneider National (NYSE:SNDR) had its price target raised by Susquehanna from $25.00 to $29.00 in a research note published on Thursday, Benzinga reports. Susquehanna currently has a neutral rating on the stock.

Other research analysts have also issued research reports about the company. Robert W. Baird lifted their target price on Schneider National from $26.00 to $30.00 and gave the company an outperform rating in a report on Friday, August 2nd. JPMorgan Chase & Co. lifted their target price on Schneider National from $24.00 to $30.00 and gave the company a neutral rating in a report on Friday, August 2nd. Wells Fargo & Company began coverage on Schneider National in a research report on Friday, June 7th. They set an equal weight rating and a $23.00 price target for the company. Stifel Nicolaus downgraded 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. Finally, Benchmark lifted their price target on Schneider National from $27.00 to $30.00 and gave the company a buy rating in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $27.31.

Schneider National Stock Up 1.0 %

SNDR stock opened at $28.35 on Thursday. The company has a quick ratio of 1.46, a current ratio of 1.59 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $4.97 billion, a PE ratio of 32.22, a PEG 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 $28.97. The stock has a 50-day simple moving average of $27.08 and a two-hundred day simple moving average of $24.06.

Schneider National (NYSE:SNDR) last posted its earnings results on Thursday, August 1st. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.35 billion. Schneider National had a return on equity of 4.08% and a net margin of 2.18%. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.45 EPS. On average, equities analysts predict that Schneider National will post 0.85 EPS for the current fiscal year.

Schneider National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Friday, September 13th will be given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Friday, September 13th. Schneider National’s payout ratio is currently 43.18%.

Insider Buying and Selling at Schneider National

In other news, insider Shaleen Devgun sold 10,000 shares of the 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 owns 55,726 shares of the company’s stock, valued at $1,538,037.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 32.68% of the company’s stock.

Institutional Trading of Schneider National

A number of institutional investors have recently made changes to their positions in SNDR. Deprince Race & Zollo Inc. purchased a new stake in shares of Schneider National during the second quarter valued at approximately $30,072,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Schneider National during the second quarter valued at approximately $15,216,000. Encompass Capital Advisors LLC purchased a new stake in shares of Schneider National during the second quarter valued at approximately $12,376,000. Earnest Partners LLC lifted its holdings in Schneider National by 25.5% in the 2nd 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, Norges Bank bought a new stake in shares of Schneider National in the 4th quarter worth approximately $11,027,000. 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.