TD Cowen Trims Schneider National (NYSE:SNDR) Target Price to $25.00

Schneider National (NYSE:SNDR) had its price objective decreased by TD Cowen from $26.00 to $25.00 in a research note published on Friday morning, MarketBeat Ratings reports. TD Cowen currently has a buy rating on the stock.

Several other equities research analysts have also weighed in on the company. Robert W. Baird reduced their price objective on Schneider National from $29.00 to $27.00 and set an outperform rating for the company in a research note on Thursday, April 4th. Evercore ISI cut Schneider National from an outperform rating to an inline rating and set a $25.00 price target on the stock. in a research note on Thursday, January 4th. Stifel Nicolaus reduced their price objective on shares of Schneider National from $27.00 to $25.00 and set a buy rating for the company in a research note on Thursday, April 18th. Susquehanna cut their price target on shares of Schneider National from $27.00 to $25.00 and set a neutral rating on the stock in a report on Monday, March 25th. Finally, Stephens reiterated an equal weight rating and set a $28.00 price objective on shares of Schneider National in a research report on Monday, February 5th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Schneider National currently has an average rating of Hold and an average price target of $28.00.

Schneider National Price Performance

NYSE SNDR traded up $0.38 on Friday, reaching $22.40. 971,465 shares of the stock traded hands, compared to its average volume of 846,967. Schneider National has a 12 month low of $20.50 and a 12 month high of $31.74. The company has a market cap of $3.94 billion, a price-to-earnings ratio of 25.02, a P/E/G ratio of 1.47 and a beta of 0.91. The firm’s fifty day simple moving average is $22.17 and its 200 day simple moving average is $23.48. The company has a quick ratio of 1.64, a current ratio of 1.83 and a debt-to-equity ratio of 0.07.

Schneider National (NYSE:SNDR) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). Schneider National had a net margin of 2.95% and a return on equity of 5.55%. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the business posted $0.55 EPS. The business’s revenue for the quarter was down 7.7% on a year-over-year basis. As a group, research analysts predict that Schneider National will post 1.09 EPS for the current fiscal year.

Schneider National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 9th. Stockholders of record on Friday, June 7th will be paid a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.38 annualized dividend and a dividend yield of 1.70%. Schneider National’s dividend payout ratio (DPR) is 43.18%.

Institutional Investors Weigh In On Schneider National

Several institutional investors and hedge funds have recently modified their holdings of SNDR. Bruce G. Allen Investments LLC acquired a new stake in shares of Schneider National in the fourth quarter worth about $29,000. Whittier Trust Co. acquired a new stake in Schneider National in the 3rd quarter worth approximately $35,000. Winch Advisory Services LLC grew its holdings in Schneider National by 61.6% during the third quarter. Winch Advisory Services LLC now owns 1,320 shares of the company’s stock valued at $37,000 after purchasing an additional 503 shares during the last quarter. Quent Capital LLC grew its holdings in Schneider National by 64.0% during the fourth quarter. Quent Capital LLC now owns 1,815 shares of the company’s stock valued at $46,000 after purchasing an additional 708 shares during the last quarter. Finally, Principal Securities Inc. bought a new position in shares of Schneider National in the fourth quarter valued at approximately $48,000. Institutional investors and hedge funds 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.