Schneider National (NYSE:SNDR) Given New $27.00 Price Target at Citigroup

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

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

Schneider National Trading Down 0.2%

Shares of SNDR stock traded down $0.06 during trading hours on Wednesday, hitting $26.86. 1,408,230 shares of the company were exchanged, compared to its average volume of 819,735. The firm has a market cap of $4.71 billion, a PE ratio of 38.37, a PEG ratio of 0.81 and a beta of 1.10. Schneider National has a 1 year low of $20.59 and a 1 year high of $33.90. The company has a quick ratio of 1.74, a current ratio of 1.90 and a debt-to-equity ratio of 0.19. The firm has a fifty day moving average of $24.20 and a 200 day moving average of $25.35.

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

Schneider National Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Friday, June 13th were paid 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 dividend payout ratio is currently 54.29%.

Institutional Trading of Schneider National

Hedge funds and other institutional investors have recently made changes to their positions in the stock. WPG Advisers LLC bought a new stake in shares of Schneider National in the first quarter worth $25,000. KBC Group NV bought a new stake in shares of Schneider National in the first quarter worth $28,000. Quarry LP bought a new stake in shares of Schneider National in the first quarter worth $32,000. Huntington National Bank increased its stake in shares of Schneider National by 237.9% in the fourth quarter. Huntington National Bank now owns 1,416 shares of the company's stock worth $41,000 after buying an additional 997 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Schneider National in the fourth quarter worth $48,000. Institutional investors 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.