Bank of America Trims Schneider National (NYSE:SNDR) Target Price to $23.00

Schneider National (NYSE:SNDR - Free Report) had its price objective decreased by Bank of America from $25.00 to $23.00 in a research report sent to investors on Monday morning, Benzinga reports. Bank of America currently has a neutral rating on the stock.

Several other research firms have also commented on SNDR. Benchmark restated a buy rating and issued a $27.00 price objective on shares of Schneider National in a research note on Friday. Susquehanna reduced their price target on shares of Schneider National from $27.00 to $25.00 and set a neutral rating on the stock in a research report on Monday, March 25th. Robert W. Baird decreased their price target on Schneider National from $29.00 to $27.00 and set an outperform rating on the stock in a report on Thursday, April 4th. Stephens reissued an equal weight rating and set a $28.00 price target on shares of Schneider National in a research note on Monday, February 5th. Finally, TD Cowen reduced their price target on shares of Schneider National from $28.00 to $26.00 and set an outperform rating on the stock in a research note on Friday, February 2nd. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of $28.21.

Schneider National Stock Up 0.1 %

SNDR stock traded up $0.03 during trading on Monday, hitting $21.71. 926,221 shares of the stock traded hands, compared to its average volume of 833,775. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.64. The stock has a market cap of $3.82 billion, a price-to-earnings ratio of 16.43, a price-to-earnings-growth ratio of 1.20 and a beta of 0.89. Schneider National has a 1 year low of $21.31 and a 1 year high of $31.74. The firm's 50 day moving average is $23.01 and its two-hundred day moving average is $24.11.

Schneider National (NYSE:SNDR - Get Free Report) last announced its quarterly earnings results on Thursday, February 1st. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.05). Schneider National had a net margin of 4.34% and a return on equity of 8.23%. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same period last year, the business earned $0.64 EPS. Schneider National's revenue was down 12.2% on a year-over-year basis. On average, sell-side analysts anticipate that Schneider National will post 1.15 EPS for the current year.

Schneider National Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Friday, March 8th were given a $0.095 dividend. This is a positive change from Schneider National's previous quarterly dividend of $0.09. This represents a $0.38 annualized dividend and a dividend yield of 1.75%. The ex-dividend date was Thursday, March 7th. Schneider National's dividend payout ratio (DPR) is presently 28.57%.

Institutional Trading of Schneider National

Large investors have recently bought and sold shares of the stock. MetLife Investment Management LLC purchased a new stake in Schneider National in the first quarter valued at $26,000. Bruce G. Allen Investments LLC acquired a new stake in Schneider National during the fourth quarter worth about $29,000. Whittier Trust Co. purchased a new position in Schneider National during the third quarter valued at approximately $35,000. Winch Advisory Services LLC lifted its holdings in Schneider National by 61.6% in the third quarter. Winch Advisory Services LLC now owns 1,320 shares of the company's stock valued at $37,000 after acquiring an additional 503 shares during the period. Finally, Quarry LP boosted its position in Schneider National by 252.2% in the 1st quarter. Quarry LP now owns 1,627 shares of the company's stock worth $44,000 after purchasing an additional 1,165 shares in the last quarter. Hedge funds and other 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.