Citigroup Forecasts Strong Price Appreciation for Schneider National (NYSE:SNDR) Stock

Schneider National (NYSE:SNDR) had its target price increased by Citigroup from $24.00 to $27.00 in a report published on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other research firms have also issued reports on SNDR. Bank of America increased their target price on Schneider National from $23.00 to $26.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. Baird R W raised Schneider National to a “strong-buy” rating in a research note on Tuesday, July 1st. Stifel Nicolaus decreased their target price on Schneider National from $25.00 to $22.00 and set a “hold” rating on the stock in a research note on Friday, May 2nd. The Goldman Sachs Group raised Schneider National from a “neutral” rating to a “buy” rating and increased their target price for the stock from $24.00 to $32.00 in a research note on Monday, June 2nd. Finally, Wells Fargo & Company decreased their target price 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. Eight analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.29.

Schneider National Stock Up 1.1%

Shares of NYSE:SNDR opened at $26.12 on Wednesday. Schneider National has a 52-week low of $20.59 and a 52-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 business has a fifty day moving average of $24.02 and a two-hundred day moving average of $25.38. The stock has a market cap of $4.58 billion, a P/E ratio of 37.31, a PEG ratio of 0.77 and a beta of 1.10.

Schneider National (NYSE:SNDR) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. Schneider National had a net margin of 2.32% and a return on equity of 4.37%. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the company earned $0.11 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, research analysts expect that Schneider National will post 1.12 earnings per share for the current year.

Schneider National Announces Dividend

The company 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 1.45%. The ex-dividend date of this dividend is Friday, June 13th. Schneider National’s payout ratio is currently 54.29%.

Institutional Investors Weigh In On Schneider National

Large investors have recently modified their holdings of the company. WPG Advisers LLC acquired a new stake in shares of Schneider National in the first quarter valued at approximately $25,000. KBC Group NV acquired a new stake in Schneider National during the 1st quarter worth approximately $28,000. Quarry LP acquired a new stake in Schneider National during the 1st quarter worth approximately $32,000. Huntington National Bank lifted its position in Schneider National by 237.9% during the 4th quarter. Huntington National Bank now owns 1,416 shares of the company’s stock worth $41,000 after acquiring an additional 997 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Schneider National during the 4th quarter worth approximately $48,000. 28.54% of the stock is owned by institutional investors and hedge funds.

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.