Schneider National Inc (SNDR) Receives Average Rating of “Buy” from Brokerages
Shares of Schneider National Inc (NASDAQ:SNDR) have been assigned a consensus recommendation of “Buy” from the fourteen brokerages that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $24.67.
SNDR has been the topic of several recent research reports. Buckingham Research initiated coverage on Schneider National in a research report on Friday, October 20th. They set a “buy” rating and a $29.00 price target on the stock. BidaskClub upgraded Schneider National from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 12th. Zacks Investment Research upgraded Schneider National from a “sell” rating to a “hold” rating in a research report on Thursday, September 7th. Robert W. Baird reiterated a “buy” rating and issued a $28.00 price objective on shares of Schneider National in a research report on Friday, October 6th. Finally, UBS AG reiterated a “buy” rating and issued a $30.00 price objective (up from $24.00) on shares of Schneider National in a research report on Friday, September 29th.
Shares of Schneider National (NASDAQ SNDR) opened at 26.41 on Wednesday. The stock’s 50 day moving average price is $24.28 and its 200 day moving average price is $21.55. Schneider National has a 12-month low of $17.69 and a 12-month high of $28.32. The company has a market capitalization of $4.67 billion and a PE ratio of 1.71.
Schneider National (NASDAQ:SNDR) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $0.23 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.23. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Schneider National had a return on equity of 13.37% and a net margin of 4.32%. Schneider National’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the firm posted $0.28 EPS. On average, equities research analysts forecast that Schneider National will post $0.95 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Wednesday, September 20th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date was Tuesday, September 19th.
A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. purchased a new position in shares of Schneider National in the second quarter worth $67,293,000. Associated Banc Corp purchased a new position in shares of Schneider National in the second quarter worth $56,314,000. Schmidt P J Investment Management Inc. purchased a new position in shares of Schneider National in the second quarter worth $37,752,000. Jennison Associates LLC purchased a new position in shares of Schneider National in the second quarter worth $32,787,000. Finally, Citadel Advisors LLC purchased a new position in shares of Schneider National in the second quarter worth $32,099,000.
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Schneider National Company Profile
Schneider National, Inc is a provider of transportation, logistics and related services. The Company’s transportation solutions include one-way, intermodal, dedicated, bulk, transport management, trans loading services, international services and Schneider payment services. Its supply chain management and consulting services include logistics solution design, global supply chain services, enterprise and market entry assistance, and sourcing and compliance.
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