Schneider National (NYSE:SNDR) Price Target Raised to $34.00 at TD Cowen

Schneider National (NYSE:SNDR) had its price target boosted by TD Cowen from $32.00 to $34.00 in a report issued on Tuesday morning, MarketBeat Ratings reports. TD Cowen currently has a buy rating on the stock.

Other analysts also recently issued research reports about the stock. Robert W. Baird upped their price target on shares of Schneider National from $26.00 to $30.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Citigroup lowered Schneider National from a “neutral” rating to a “sell” rating and reduced their target price for the company from $32.00 to $30.00 in a research note on Tuesday, November 12th. Bank of America raised Schneider National from an “underperform” rating to a “buy” rating and raised their price target for the stock from $27.00 to $34.00 in a research report on Thursday, November 7th. The Goldman Sachs Group cut their price target on Schneider National from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Finally, Evercore ISI decreased their price objective on Schneider National from $27.00 to $26.00 and set an “in-line” rating on the stock in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $29.08.

Schneider National Stock Performance

SNDR opened at $33.63 on Tuesday. Schneider National has a 1-year low of $20.50 and a 1-year high of $33.90. The stock has a market cap of $5.89 billion, a P/E ratio of 54.24, a P/E/G ratio of 2.84 and a beta of 0.85. The stock’s 50 day simple moving average is $29.15 and its 200 day simple moving average is $26.30. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.66 and a quick ratio of 1.53.

Schneider National (NYSE:SNDR) last posted its earnings results on Wednesday, November 6th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.05). The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.33 billion. Schneider National had a net margin of 2.10% and a return on equity of 3.92%. As a group, equities analysts anticipate that Schneider National will post 0.7 EPS for the current fiscal year.

Schneider National Announces Dividend

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 issued a dividend of $0.095 per share. The ex-dividend date is Friday, December 13th. This represents a $0.38 annualized dividend and a dividend yield of 1.13%. Schneider National’s payout ratio is currently 61.29%.

Hedge Funds Weigh In On Schneider National

Hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company increased its position in Schneider National by 3.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,136 shares of the company’s stock worth $342,000 after purchasing an additional 493 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its stake in shares of Schneider National by 3.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 19,917 shares of the company’s stock valued at $451,000 after acquiring an additional 618 shares during the period. Hilltop National Bank raised its stake in shares of Schneider National by 28.5% in the 2nd quarter. Hilltop National Bank now owns 3,044 shares of the company’s stock valued at $74,000 after acquiring an additional 676 shares during the period. California State Teachers Retirement System lifted its holdings in shares of Schneider National by 1.7% during the 1st quarter. California State Teachers Retirement System now owns 55,889 shares of the company’s stock valued at $1,265,000 after acquiring an additional 958 shares in the last quarter. Finally, Comerica Bank boosted its position in Schneider National by 11.8% during the 1st quarter. Comerica Bank now owns 12,283 shares of the company’s stock worth $278,000 after purchasing an additional 1,297 shares during the period. 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.