Morgan Stanley set a $32.00 price target on Schneider National (NYSE:SNDR) in a research note released on Monday morning, Stock Target Advisor reports. The firm currently has a buy rating on the stock.
Other research analysts also recently issued reports about the stock. Wolfe Research upgraded shares of Covenant Transportation Group from an underperform rating to a peer perform rating in a research report on Friday, June 28th. Buckingham Research reduced their price target on shares of Werner Enterprises from $43.00 to $42.00 and set a buy rating on the stock in a research report on Tuesday, April 2nd. Stephens set a $112.00 price target on shares of Genesee & Wyoming and gave the stock a hold rating in a research report on Monday, July 1st. Zacks Investment Research cut shares of German American Bancorp. from a buy rating to a hold rating in a report on Tuesday, April 30th. Finally, UBS Group increased their price objective on shares of Intact Financial from C$122.00 to C$133.00 in a report on Tuesday, June 18th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $26.90.
Schneider National stock opened at $17.13 on Monday. The business has a 50-day simple moving average of $17.76. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.02 and a current ratio of 2.10. Schneider National has a 1 year low of $16.59 and a 1 year high of $28.46. The company has a market cap of $3.14 billion, a P/E ratio of 11.05, a P/E/G ratio of 1.21 and a beta of 1.62.
Schneider National (NYSE:SNDR) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.10). Schneider National had a return on equity of 12.69% and a net margin of 5.13%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the business posted $0.27 earnings per share. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. As a group, equities analysts expect that Schneider National will post 1.52 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 9th. Investors of record on Friday, June 14th were issued a $0.06 dividend. The ex-dividend date was Thursday, June 13th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.40%. Schneider National’s dividend payout ratio (DPR) is presently 15.48%.
Hedge funds have recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in Schneider National during the 4th quarter valued at about $17,312,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Schneider National during the 1st quarter valued at about $17,477,000. BNP Paribas Arbitrage SA increased its stake in Schneider National by 226.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 567,271 shares of the company’s stock valued at $11,941,000 after buying an additional 393,585 shares during the period. BlackRock Inc. increased its stake in Schneider National by 25.6% during the 4th quarter. BlackRock Inc. now owns 1,757,189 shares of the company’s stock valued at $32,807,000 after buying an additional 358,083 shares during the period. Finally, Millennium Management LLC increased its stake in Schneider National by 33.8% during the 4th quarter. Millennium Management LLC now owns 1,389,701 shares of the company’s stock valued at $25,946,000 after buying an additional 350,953 shares during the period. 24.17% of the stock is currently owned by institutional investors and hedge funds.
About Schneider National
Schneider National, Inc, a transportation and logistics services company, provides truckload, intermodal, and logistics solutions in North America. Its Truckload segment provides standard long-haul and regional shipping services through dry van equipment; and bulk, temperature-controlled, first to final mile delivery, and customized solutions for time-sensitive loads.
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