Schneider National (NYSE:SNDR) Earns “Buy” Rating from Benchmark

Benchmark reaffirmed their buy rating on shares of Schneider National (NYSE:SNDR) in a research note published on Tuesday, Benzinga reports. The brokerage currently has a $27.00 price target on the stock.

Several other brokerages have also recently weighed in on SNDR. Bank of America decreased their price objective on Schneider National from $25.00 to $23.00 and set a neutral rating for the company in a report on Monday, April 15th. Susquehanna dropped their price objective on Schneider National from $27.00 to $25.00 and set a neutral rating on the stock in a research note on Monday, March 25th. TD Cowen lowered their target price on shares of Schneider National from $26.00 to $25.00 and set a buy rating on the stock in a report on Friday, May 3rd. Robert W. Baird cut their price target on shares of Schneider National from $29.00 to $27.00 and set an outperform rating for the company in a research note on Thursday, April 4th. Finally, Stifel Nicolaus reaffirmed a buy rating and issued a $25.00 target price on shares of Schneider National in a report on Wednesday, May 15th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Schneider National has an average rating of Hold and a consensus price target of $27.86.

Schneider National Stock Up 0.7 %

Shares of Schneider National stock opened at $23.84 on Tuesday. The firm has a market cap of $4.19 billion, a PE ratio of 27.09, a P/E/G ratio of 2.15 and a beta of 0.85. The business’s 50 day simple moving average is $22.27 and its 200 day simple moving average is $23.11. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.32 and a current ratio of 1.44. Schneider National has a 52-week low of $20.50 and a 52-week high of $31.74.

Schneider National (NYSE:SNDR) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.36 billion. Schneider National had a return on equity of 5.55% and a net margin of 2.95%. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.55 EPS. On average, analysts predict that Schneider National will post 0.89 earnings per share for the current fiscal year.

Schneider National Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Friday, June 7th will be given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Friday, June 7th. Schneider National’s payout ratio is 43.18%.

Institutional Investors Weigh In On Schneider National

Institutional investors have recently modified their holdings of the business. Bruce G. Allen Investments LLC acquired a new position in shares of Schneider National in the 4th quarter valued at approximately $29,000. Quent Capital LLC lifted its stake in shares of Schneider National by 64.0% in the 4th quarter. Quent Capital LLC now owns 1,815 shares of the company’s stock valued at $46,000 after acquiring an additional 708 shares during the last quarter. Principal Securities Inc. acquired a new stake in shares of Schneider National during the 4th quarter valued at $48,000. Quest Partners LLC bought a new stake in Schneider National during the 4th quarter worth $102,000. Finally, TFO Wealth Partners LLC increased its holdings in Schneider National by 78,622.2% in the 4th quarter. TFO Wealth Partners LLC now owns 7,085 shares of the company’s stock worth $180,000 after purchasing an additional 7,076 shares in the last quarter. Institutional investors 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.