JPMorgan Chase & Co. Cuts Schneider National (NYSE:SNDR) Price Target to $29.00

Schneider National (NYSE:SNDR) had its price objective lowered by JPMorgan Chase & Co. from $30.00 to $29.00 in a research note released on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other equities analysts have also recently issued reports about the stock. Evercore ISI reduced 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 research note on Thursday. Benchmark raised their price target on Schneider National from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. The Goldman Sachs Group decreased their price objective on Schneider National from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Robert W. Baird increased their target price on Schneider National from $26.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Finally, Susquehanna decreased their target price on Schneider National from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Schneider National presently has an average rating of “Hold” and an average target price of $28.08.

Schneider National Stock Up 3.1 %

NYSE SNDR opened at $31.47 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.46 and a current ratio of 1.59. Schneider National has a 52 week low of $20.50 and a 52 week high of $31.71. The stock has a market capitalization of $5.51 billion, a P/E ratio of 50.76, a price-to-earnings-growth ratio of 3.10 and a beta of 0.85. The stock has a fifty day moving average of $27.99 and a 200-day moving average of $25.37.

Schneider National (NYSE:SNDR) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). Schneider National had a return on equity of 3.92% and a net margin of 2.10%. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.33 billion. On average, equities research analysts forecast that Schneider National will post 0.83 EPS for the current year.

Schneider National Dividend Announcement

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 given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Friday, December 13th. Schneider National’s dividend payout ratio is 61.29%.

Institutional Investors Weigh In On Schneider National

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Deprince Race & Zollo Inc. bought a new position in Schneider National during the 2nd quarter worth about $30,072,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Schneider National in the second quarter valued at about $15,216,000. Encompass Capital Advisors LLC acquired a new position in shares of Schneider National during the second quarter worth about $12,376,000. Earnest Partners LLC grew its holdings in shares of 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 in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Schneider National by 10.6% during the first quarter. Vanguard Group Inc. now owns 4,061,994 shares of the company’s stock worth $91,964,000 after buying an additional 388,913 shares in the last quarter. 28.54% of the stock is currently owned by institutional investors and hedge funds.

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.