Schneider National (NYSE:SNDR) Price Target Increased to $28.00 by Analysts at UBS Group

Schneider National (NYSE:SNDR) had its target price increased by UBS Group from $26.00 to $28.00 in a report released on Tuesday, Benzinga reports. UBS Group currently has a buy rating on the stock.

Several other analysts also recently weighed in on SNDR. Raymond James assumed coverage on Schneider National in a research note on Wednesday, May 15th. They set a market perform rating on the stock. Wells Fargo & Company assumed coverage on Schneider National in a research note on Friday, June 7th. They set an equal weight rating and a $23.00 target price on the stock. Benchmark reaffirmed a buy rating and set a $27.00 target price on shares of Schneider National in a research note on Tuesday, July 2nd. Stifel Nicolaus reaffirmed a buy rating and set a $25.00 target price on shares of Schneider National in a research note on Wednesday, May 15th. Finally, Robert W. Baird lowered their price target on Schneider National from $29.00 to $27.00 and set an outperform rating on the stock in a research report on Thursday, April 4th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Hold and an average price target of $27.87.

Schneider National Price Performance

Shares of SNDR opened at $24.29 on Tuesday. The firm has a market cap of $4.26 billion, a price-to-earnings ratio of 27.60, a PEG ratio of 2.10 and a beta of 0.85. The stock has a 50 day moving average of $22.66 and a 200-day moving average of $23.05. The company has a current ratio of 1.44, a quick ratio of 1.32 and a debt-to-equity ratio of 0.03. 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 results on Thursday, May 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.02). The company 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 company’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same period last year, the business posted $0.55 EPS. As a group, analysts forecast that Schneider National will post 0.89 EPS for the current year.

Schneider National Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 9th. Investors of record on Friday, June 7th were issued a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend was Friday, June 7th. Schneider National’s payout ratio is 43.18%.

Hedge Funds Weigh In On Schneider National

A number of hedge funds have recently modified their holdings of the stock. QRG Capital Management Inc. grew its holdings in shares of Schneider National by 16.5% during the second quarter. QRG Capital Management Inc. now owns 107,943 shares of the company’s stock valued at $2,608,000 after buying an additional 15,290 shares in the last quarter. Hilltop National Bank boosted its position in Schneider National by 28.5% during the second quarter. Hilltop National Bank now owns 3,044 shares of the company’s stock valued at $74,000 after purchasing an additional 676 shares during the last quarter. Comerica Bank boosted its position in Schneider National by 11.8% during the first quarter. Comerica Bank now owns 12,283 shares of the company’s stock valued at $278,000 after purchasing an additional 1,297 shares during the last quarter. Tidal Investments LLC acquired a new stake in shares of Schneider National in the first quarter worth about $468,000. Finally, California State Teachers Retirement System lifted its position in shares of Schneider National by 1.7% in the first quarter. California State Teachers Retirement System now owns 55,889 shares of the company’s stock worth $1,265,000 after buying an additional 958 shares during the last quarter. 28.54% of the stock is currently owned by institutional investors and hedge funds.

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.