Schneider National (NYSE:SNDR) Rating Increased to Buy at Bank of America

Bank of America upgraded shares of Schneider National (NYSE:SNDR) from an underperform rating to a buy rating in a research report released on Thursday morning, MarketBeat reports. The firm currently has $34.00 target price on the stock, up from their previous target price of $27.00.

A number of other research firms have also weighed in on SNDR. Benchmark upped their target price on shares of Schneider National from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Susquehanna upped their target price on Schneider National from $25.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, September 26th. Citigroup assumed coverage on Schneider National in a research report on Wednesday, October 9th. They set a “neutral” rating and a $29.00 price target for the company. Stifel Nicolaus cut Schneider National from a “buy” rating to a “hold” rating and set a $25.00 price objective on the stock. in a research report on Thursday, August 8th. Finally, Evercore ISI decreased their target price on Schneider National from $28.00 to $27.00 and set an “in-line” rating for the company in a research report on Thursday, October 3rd. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Schneider National presently has a consensus rating of “Hold” and a consensus price target of $27.54.

Schneider National Stock Up 3.1 %

Shares of SNDR traded up $0.96 on Thursday, reaching $31.47. The company’s stock had a trading volume of 442,910 shares, compared to its average volume of 823,853. The company has a current ratio of 1.59, a quick ratio of 1.46 and a debt-to-equity ratio of 0.04. Schneider National has a twelve month low of $20.50 and a twelve month high of $31.71. The stock has a market capitalization of $5.51 billion, a PE ratio of 49.18, a PEG ratio of 3.10 and a beta of 0.85. The firm has a fifty day moving average of $27.90 and a 200-day moving average of $25.26.

Schneider National (NYSE:SNDR) last posted its earnings results on Wednesday, November 6th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). Schneider National had a return on equity of 3.92% and a net margin of 2.10%. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.33 billion. Equities analysts predict that Schneider National will post 0.83 EPS for the current year.

Schneider National Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. grew its holdings in Schneider National by 76.5% during the 1st quarter. Russell Investments Group Ltd. now owns 281,747 shares of the company’s stock valued at $6,379,000 after buying an additional 122,077 shares in the last quarter. Tidal Investments LLC bought a new position in shares of Schneider National in the first quarter valued at approximately $468,000. Louisiana State Employees Retirement System bought a new position in shares of Schneider National in the third quarter valued at approximately $648,000. BNP Paribas Financial Markets boosted its position in shares of Schneider National by 4,602.7% in the first quarter. BNP Paribas Financial Markets now owns 135,862 shares of the company’s stock valued at $3,076,000 after acquiring an additional 132,973 shares during the period. Finally, Quadrature Capital Ltd bought a new position in shares of Schneider National in the first quarter valued at approximately $489,000. 28.54% of the stock is currently owned by hedge funds and other institutional investors.

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.