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

Schneider National (NYSE:SNDR) had its price objective hoisted by TD Cowen from $28.00 to $32.00 in a research note released on Friday, Marketbeat reports. TD Cowen currently has a buy rating on the stock.

A number of other brokerages also recently issued reports on SNDR. Robert W. Baird upped their price objective on Schneider National from $26.00 to $30.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. decreased their price target on Schneider National from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday. Susquehanna dropped their price objective on shares of Schneider National from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday. The Goldman Sachs Group reduced their target price on shares of Schneider National from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Finally, Citigroup started coverage on shares of Schneider National in a research note on Wednesday, October 9th. They issued a “neutral” rating and a $29.00 target price on the stock. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $28.08.

Schneider National Stock Up 3.1 %

NYSE SNDR opened at $31.47 on Friday. The stock has a 50 day moving average price of $27.99 and a 200-day moving average price of $25.40. Schneider National has a one year low of $20.50 and a one year high of $31.71. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.46 and a current ratio of 1.59. The company has a market capitalization of $5.51 billion, a P/E ratio of 50.76, a P/E/G ratio of 3.78 and a beta of 0.85.

Schneider National (NYSE:SNDR) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.05). Schneider National had a net margin of 2.10% and a return on equity of 3.92%. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.33 billion. As a group, equities analysts predict that Schneider National will post 0.7 EPS for the current fiscal year.

Schneider National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 13th will be paid a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 1.21%. The ex-dividend date is Friday, December 13th. Schneider National’s dividend payout ratio is presently 61.29%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SNDR. Deprince Race & Zollo Inc. purchased a new position in Schneider National in the 2nd quarter worth about $30,072,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Schneider National during the 2nd quarter valued at about $15,216,000. Encompass Capital Advisors LLC purchased a new position in Schneider National during the 2nd quarter valued at about $12,376,000. Earnest Partners LLC increased its position in Schneider National by 25.5% during the 2nd quarter. Earnest Partners LLC now owns 2,166,146 shares of the company’s stock valued at $52,334,000 after purchasing an additional 440,545 shares during the period. Finally, Vanguard Group Inc. increased its position in Schneider National by 10.6% during the 1st quarter. Vanguard Group Inc. now owns 4,061,994 shares of the company’s stock valued at $91,964,000 after purchasing an additional 388,913 shares during the period. Hedge funds and other institutional investors own 28.54% of the company’s stock.

Schneider National Company Profile

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.