Cowen initiated coverage on shares of Schneider National (NYSE:SNDR) in a research report released on Thursday, BenzingaRatingsTable reports. The firm issued a market perform rating and a $23.00 price target on the stock.
A number of other analysts also recently issued reports on the stock. Stephens set a $27.00 price objective on shares of Schneider National and gave the company a buy rating in a report on Friday, November 1st. Goldman Sachs Group started coverage on shares of Schneider National in a report on Thursday, December 5th. They issued a buy rating and a $27.00 price objective on the stock. Zacks Investment Research upgraded shares of Schneider National from a strong sell rating to a hold rating and set a $20.00 price objective on the stock in a report on Wednesday, November 6th. Morgan Stanley lowered their price objective on shares of Schneider National from $32.00 to $30.00 and set an overweight rating on the stock in a report on Monday, January 6th. Finally, UBS Group set a $26.00 price objective on shares of Schneider National and gave the company a buy rating in a report on Friday, November 1st. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $24.55.
NYSE SNDR opened at $21.62 on Thursday. The company has a quick ratio of 2.10, a current ratio of 3.02 and a debt-to-equity ratio of 0.14. Schneider National has a 12-month low of $16.59 and a 12-month high of $24.38. The company has a market capitalization of $3.87 billion, a PE ratio of 26.05, a price-to-earnings-growth ratio of 10.80 and a beta of 1.54. The firm’s 50 day moving average is $22.72 and its 200-day moving average is $21.94.
Schneider National (NYSE:SNDR) last posted its quarterly earnings data on Wednesday, January 29th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.02). Schneider National had a net margin of 3.10% and a return on equity of 10.03%. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the business earned $0.49 earnings per share. Schneider National’s revenue for the quarter was down 12.5% on a year-over-year basis. As a group, sell-side analysts expect that Schneider National will post 1.28 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Friday, March 13th will be paid a $0.065 dividend. The ex-dividend date of this dividend is Thursday, March 12th. This is a boost from Schneider National’s previous quarterly dividend of $0.06. This represents a $0.26 annualized dividend and a dividend yield of 1.20%. Schneider National’s dividend payout ratio (DPR) is currently 19.35%.
Several large investors have recently added to or reduced their stakes in SNDR. Massachusetts Financial Services Co. MA grew its stake in shares of Schneider National by 119.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,099,866 shares of the company’s stock valued at $67,329,000 after buying an additional 1,686,004 shares in the last quarter. Millennium Management LLC grew its stake in shares of Schneider National by 5,485.4% in the third quarter. Millennium Management LLC now owns 1,302,676 shares of the company’s stock valued at $28,294,000 after buying an additional 1,279,353 shares in the last quarter. FMR LLC grew its stake in shares of Schneider National by 41.4% in the fourth quarter. FMR LLC now owns 3,086,170 shares of the company’s stock valued at $67,340,000 after buying an additional 903,144 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Schneider National in the fourth quarter valued at $6,176,000. Finally, Man Group plc grew its stake in shares of Schneider National by 341.0% in the fourth quarter. Man Group plc now owns 329,209 shares of the company’s stock valued at $7,183,000 after buying an additional 254,555 shares in the last quarter. 24.40% of the stock is owned by institutional investors and hedge funds.
Schneider National Company Profile
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.
Featured Story: How can investors find ex-dividend dates?
Receive News & Ratings for Schneider National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schneider National and related companies with MarketBeat.com's FREE daily email newsletter.