Schneider National, Inc. (NYSE:SNDR) Given Consensus Recommendation of "Hold" by Brokerages

Schneider National, Inc. (NYSE:SNDR - Get Free Report) has been given a consensus rating of "Hold" by the thirteen ratings firms that are currently covering the company, Marketbeat reports. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $27.14.

Several brokerages recently commented on SNDR. National Bankshares set a $25.00 price objective on Schneider National in a research note on Friday, March 28th. Wells Fargo & Company dropped their price objective on Schneider National from $32.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 27th. Susquehanna dropped their price objective on Schneider National from $32.00 to $24.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 26th. The Goldman Sachs Group raised Schneider National from a "neutral" rating to a "buy" rating and lifted their price target for the company from $24.00 to $32.00 in a research note on Monday, June 2nd. Finally, Bank of America lifted their price target on Schneider National from $23.00 to $26.00 and gave the company a "neutral" rating in a research note on Friday, May 16th.

Hedge Funds Weigh In On Schneider National

Several hedge funds have recently modified their holdings of SNDR. Kingsview Wealth Management LLC bought a new position in shares of Schneider National in the 4th quarter valued at about $222,000. Empowered Funds LLC bought a new position in Schneider National during the fourth quarter worth about $365,000. Allspring Global Investments Holdings LLC grew its holdings in Schneider National by 780.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 12,761 shares of the company's stock worth $372,000 after purchasing an additional 11,312 shares during the period. Everhart Financial Group Inc. bought a new position in Schneider National during the fourth quarter worth about $244,000. Finally, Principal Securities Inc. grew its holdings in Schneider National by 28.4% during the fourth quarter. Principal Securities Inc. now owns 4,626 shares of the company's stock worth $135,000 after purchasing an additional 1,022 shares during the period. Institutional investors own 28.54% of the company's stock.

Schneider National Trading Up 0.3%

Schneider National stock traded up $0.07 during mid-day trading on Friday, hitting $23.94. 525,458 shares of the company's stock were exchanged, compared to its average volume of 819,437. The firm has a market capitalization of $4.19 billion, a P/E ratio of 34.19, a PEG ratio of 0.71 and a beta of 1.10. Schneider National has a fifty-two week low of $20.59 and a fifty-two week 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 company's 50 day simple moving average is $23.24 and its 200-day simple moving average is $26.03.

Schneider National (NYSE:SNDR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.16 EPS 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 the consensus estimate of $1.43 billion. Schneider National had a return on equity of 4.37% and a net margin of 2.32%. The firm's revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.11 EPS. On average, equities analysts anticipate that Schneider National will post 1.12 earnings per share for the current year.

Schneider National Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Friday, June 13th will be issued a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, June 13th. Schneider National's payout ratio is 54.29%.

Schneider National Company Profile

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.