Schneider National (NYSE:SNDR) Price Target Lowered to $24.00 at Citigroup

Schneider National (NYSE:SNDR – Get Rating) had its price objective reduced by Citigroup from $26.00 to $24.00 in a report issued on Friday morning, The Fly reports. They currently have a neutral rating on the stock.

Several other equities research analysts have also recently issued reports on SNDR. Evercore ISI raised shares of Schneider National from an in-line rating to an outperform rating and set a $28.00 price target on the stock in a research note on Monday, August 22nd. Credit Suisse Group initiated coverage on shares of Schneider National in a research report on Monday, June 27th. They set an outperform rating and a $32.00 target price on the stock. Finally, Stifel Nicolaus cut their price target on Schneider National from $31.00 to $29.00 and set a buy rating for the company in a report on Wednesday. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Schneider National has a consensus rating of Hold and an average price target of $28.58.

Schneider National Stock Performance

Shares of SNDR opened at $20.75 on Friday. Schneider National has a 12-month low of $20.26 and a 12-month high of $27.50. The stock has a market cap of $3.69 billion, a P/E ratio of 7.92, a PEG ratio of 1.06 and a beta of 1.00. The company has a current ratio of 2.00, a quick ratio of 1.96 and a debt-to-equity ratio of 0.08. The company has a 50-day moving average of $22.94 and a two-hundred day moving average of $23.23.

Schneider National (NYSE:SNDR – Get Rating) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.04. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.68 billion. Schneider National had a return on equity of 19.34% and a net margin of 7.30%. The company’s quarterly revenue was up 28.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 EPS. As a group, research analysts predict that Schneider National will post 2.67 EPS for the current fiscal year. Schneider National Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 10th. Shareholders of record on Friday, September 9th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $0.32 annualized dividend and a yield of 1.54%. Schneider National’s dividend payout ratio is presently 12.21%.

Institutional Trading of Schneider National

A number of institutional investors have recently modified their holdings of SNDR. Front Row Advisors LLC grew its stake in Schneider National by 700.0% during the first quarter. Front Row Advisors LLC now owns 1,016 shares of the company’s stock worth $26,000 after buying an additional 889 shares during the period. MetLife Investment Management LLC acquired a new position in shares of Schneider National during the 1st quarter valued at $26,000. Atlas Capital Advisors LLC purchased a new stake in Schneider National during the 1st quarter worth $27,000. Quent Capital LLC increased its holdings in Schneider National by 415.1% in the 1st quarter. Quent Capital LLC now owns 1,334 shares of the company’s stock valued at $34,000 after purchasing an additional 1,075 shares in the last quarter. Finally, CWM LLC raised its position in Schneider National by 55.7% in the second quarter. CWM LLC now owns 1,549 shares of the company’s stock valued at $35,000 after purchasing an additional 554 shares during the period. Hedge funds and other institutional investors own 27.72% of the company’s stock.

About Schneider National

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Schneider National, Inc, together with its subsidiaries, provides surface transportation and logistics solutions in the United States, Canada, and Mexico. The company operates through three segments: Truckload, Intermodal, and Logistics. The Truckload segment offers standard long-haul and regional shipping services primarily through dry van, bulk, temperature-controlled, and flat-bed equipment, as well as cross dock and customized solutions for time-sensitive loads.

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