Schneider National (NYSE:SNDR) Price Target Lowered to $29.00 at JPMorgan Chase & Co.

Schneider National (NYSE:SNDR) had its price target reduced by JPMorgan Chase & Co. from $30.00 to $29.00 in a research report report published on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

Several other research firms have also recently commented on SNDR. Evercore ISI cut their price target on Schneider National from $27.00 to $26.00 and set an “in-line” rating for the company in a report on Thursday. The Goldman Sachs Group dropped their target price on Schneider National from $26.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Stifel Nicolaus downgraded shares of Schneider National from a “buy” rating to a “hold” rating and set a $25.00 target price on the stock. in a research note on Thursday, August 8th. Bank of America upgraded shares of Schneider National from an “underperform” rating to a “buy” rating and increased their target price for the stock from $27.00 to $34.00 in a report on Thursday. Finally, Susquehanna lowered their target price on Schneider National from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $28.08.

Schneider National Stock Performance

NYSE:SNDR traded up $1.03 during trading hours on Thursday, hitting $31.54. 433,608 shares of the company were exchanged, compared to its average volume of 823,969. The stock has a market capitalization of $5.53 billion, a price-to-earnings ratio of 50.76, a PEG ratio of 3.10 and a beta of 0.85. Schneider National has a 52-week low of $20.50 and a 52-week high of $31.71. The company’s 50 day moving average price is $27.90 and its 200-day moving average price is $25.26. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.59 and a quick ratio of 1.46.

Schneider National (NYSE:SNDR) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.18 earnings per share 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 company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.33 billion. As a group, research analysts forecast that Schneider National will post 0.83 earnings per share for the current year.

Schneider National Dividend Announcement

The business also recently declared 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 of this dividend is Friday, December 13th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.20%. Schneider National’s dividend payout ratio (DPR) is 61.29%.

Institutional Trading of Schneider National

Several institutional investors and hedge funds have recently bought and sold shares of SNDR. Innealta Capital LLC acquired a new stake in Schneider National during the 2nd quarter valued at $53,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Schneider National during the 3rd quarter worth about $73,000. Hilltop National Bank raised its stake in shares of Schneider National by 28.5% in the 2nd quarter. Hilltop National Bank now owns 3,044 shares of the company’s stock valued at $74,000 after acquiring an additional 676 shares in the last quarter. SG Americas Securities LLC bought a new stake in Schneider National during the third quarter worth approximately $109,000. Finally, Hills Bank & Trust Co bought a new position in shares of Schneider National in the third quarter valued at approximately $112,000. Institutional investors and hedge funds 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.