Citigroup Increases Schneider National (NYSE:SNDR) Price Target to $22.00

Schneider National (NYSE:SNDR) had its price objective increased by Citigroup from $19.50 to $22.00 in a research note published on Friday, BenzingaRatingsTable reports. Citigroup currently has a neutral rating on the stock.

Several other analysts also recently weighed in on SNDR. Morgan Stanley set a $32.00 price target on shares of Schneider National and gave the company a buy rating in a research note on Monday, July 8th. UBS Group downgraded shares of Schneider National from a buy rating to a neutral rating in a research note on Tuesday, June 18th. Stephens assumed coverage on shares of Schneider National in a research note on Monday, July 1st. They set a buy rating for the company. Credit Suisse Group downgraded shares of Schneider National from an outperform rating to a neutral rating in a research note on Thursday, July 11th. Finally, Wolfe Research raised shares of Schneider National from an underperform rating to a peer perform rating in a research note on Friday, June 28th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of Hold and an average price target of $26.80.

Shares of Schneider National stock traded up $0.18 on Friday, hitting $19.41. 1,263,122 shares of the company traded hands, compared to its average volume of 729,192. The company has a 50 day moving average of $18.30. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.02 and a current ratio of 2.10. Schneider National has a 52 week low of $16.59 and a 52 week high of $28.46. The stock has a market cap of $3.42 billion, a P/E ratio of 12.52, a PEG ratio of 1.35 and a beta of 1.62.

Schneider National (NYSE:SNDR) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.01). Schneider National had a net margin of 5.13% and a return on equity of 12.69%. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the prior year, the firm posted $0.40 EPS. The business’s revenue was down 1.9% on a year-over-year basis. On average, analysts forecast that Schneider National will post 1.36 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Friday, September 13th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.24%. The ex-dividend date is Thursday, September 12th. Schneider National’s payout ratio is 15.48%.

Hedge funds have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Schneider National during the second quarter valued at approximately $64,000. First Hawaiian Bank increased its holdings in Schneider National by 25.6% during the first quarter. First Hawaiian Bank now owns 3,816 shares of the company’s stock valued at $80,000 after buying an additional 777 shares during the period. Jane Street Group LLC purchased a new position in Schneider National during the fourth quarter valued at approximately $224,000. Nicolet Advisory Services LLC purchased a new position in Schneider National during the first quarter valued at approximately $236,000. Finally, Fox Run Management L.L.C. purchased a new position in Schneider National during the second quarter valued at approximately $254,000. 24.12% of the stock is currently owned by institutional investors.

About Schneider National

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.

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Analyst Recommendations for Schneider National (NYSE:SNDR)

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