TD Cowen Cuts Schneider National (NYSE:SNDR) Price Target to $25.00

Schneider National (NYSE:SNDR) had its price objective reduced by TD Cowen from $26.00 to $25.00 in a research report released on Friday morning, MarketBeat.com reports. They currently have a buy rating on the stock.

Several other brokerages have also recently issued reports on SNDR. Susquehanna lowered their price objective on shares of Schneider National from $27.00 to $25.00 and set a neutral rating on the stock in a research note on Monday, March 25th. Robert W. Baird dropped their price target on Schneider National from $29.00 to $27.00 and set an outperform rating on the stock in a report on Thursday, April 4th. Evercore ISI lowered Schneider National from an outperform rating to an inline rating and set a $25.00 price objective for the company. in a research note on Thursday, January 4th. Stephens reaffirmed an equal weight rating and set a $28.00 target price on shares of Schneider National in a research report on Monday, February 5th. Finally, Bank of America decreased their price target on Schneider National from $25.00 to $23.00 and set a neutral rating for the company in a research report on Monday, April 15th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Schneider National presently has a consensus rating of Hold and an average price target of $28.00.

Schneider National Stock Up 1.7 %

SNDR stock opened at $22.40 on Friday. The firm’s 50-day moving average is $22.17 and its two-hundred day moving average is $23.48. The company has a current ratio of 1.83, a quick ratio of 1.64 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $3.94 billion, a price-to-earnings ratio of 25.02, a price-to-earnings-growth ratio of 1.47 and a beta of 0.91. Schneider National has a 52 week low of $20.50 and a 52 week high of $31.74.

Schneider National (NYSE:SNDR) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.36 billion. Schneider National had a net margin of 2.95% and a return on equity of 5.55%. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.55 earnings per share. On average, analysts forecast that Schneider National will post 1.09 earnings per share for the current fiscal year.

Schneider National Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Friday, June 7th will be paid a $0.095 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.38 annualized dividend and a yield of 1.70%. Schneider National’s dividend payout ratio is presently 43.18%.

Institutional Investors Weigh In On Schneider National

Institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC raised its holdings in shares of Schneider National by 244.5% during the first quarter. SG Americas Securities LLC now owns 70,335 shares of the company’s stock worth $1,592,000 after acquiring an additional 49,921 shares in the last quarter. Quantbot Technologies LP lifted its holdings in shares of Schneider National by 43.0% during the 1st quarter. Quantbot Technologies LP now owns 80,698 shares of the company’s stock valued at $1,827,000 after buying an additional 24,278 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of Schneider National by 18.6% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 13,662 shares of the company’s stock valued at $309,000 after buying an additional 2,140 shares in the last quarter. Duality Advisers LP bought a new position in Schneider National during the first quarter valued at approximately $335,000. Finally, FORA Capital LLC acquired a new stake in Schneider National in the first quarter valued at approximately $510,000. 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.