Citigroup Issues Positive Forecast for Schneider National (NYSE:SNDR) Stock Price

Schneider National (NYSE:SNDR - Free Report) had its price objective raised by Citigroup from $24.00 to $27.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

Several other research analysts also recently commented on the company. UBS Group reduced their target price on Schneider National from $32.00 to $25.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Stifel Nicolaus cut their price target on Schneider National from $25.00 to $22.00 and set a "hold" rating for the company in a report on Friday, May 2nd. Wells Fargo & Company reduced their price objective on shares of Schneider National from $32.00 to $25.00 and set an "equal weight" rating for the company in a research report on Thursday, March 27th. Evercore ISI dropped their price objective on shares of Schneider National from $23.00 to $22.00 and set an "in-line" rating on the stock in a research report on Friday, May 2nd. Finally, Susquehanna cut their target price on shares of Schneider National from $32.00 to $24.00 and set a "neutral" rating for the company in a research note on Wednesday, March 26th. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $27.29.

Schneider National Stock Performance

SNDR stock traded down $0.06 during trading hours on Wednesday, reaching $26.86. The stock had a trading volume of 1,408,230 shares, compared to its average volume of 819,735. The stock has a 50-day simple moving average of $24.20 and a 200 day simple moving average of $25.35. Schneider National has a fifty-two week low of $20.59 and a fifty-two week high of $33.90. The stock has a market capitalization of $4.71 billion, a PE ratio of 38.37, a price-to-earnings-growth ratio of 0.81 and a beta of 1.10. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.90 and a quick ratio of 1.74.

Schneider National (NYSE:SNDR - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. Schneider National had a net margin of 2.32% and a return on equity of 4.37%. The company had revenue of $1.40 billion for the quarter, compared to analysts' expectations of $1.43 billion. During the same period in the prior year, the firm earned $0.11 EPS. Schneider National's quarterly revenue was up 6.3% compared to the same quarter last year. Analysts predict that Schneider National will post 1.12 EPS for the current fiscal year.

Schneider National Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Friday, June 13th were given a dividend of $0.095 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.41%. Schneider National's payout ratio is presently 54.29%.

Institutional Investors Weigh In On Schneider National

Several institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC increased its stake in Schneider National by 13.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 20,165 shares of the company's stock worth $517,000 after acquiring an additional 2,322 shares during the period. Kera Capital Partners Inc. acquired a new stake in shares of Schneider National during the 2nd quarter worth $308,000. Strs Ohio acquired a new stake in shares of Schneider National during the 1st quarter worth $2,422,000. Jane Street Group LLC increased its position in shares of Schneider National by 120.5% in the first quarter. Jane Street Group LLC now owns 90,616 shares of the company's stock worth $2,071,000 after purchasing an additional 49,511 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Schneider National by 18.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 178,433 shares of the company's stock valued at $4,077,000 after purchasing an additional 27,180 shares in the last quarter. 28.54% of the stock is currently owned by institutional investors.

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.