JPMorgan Chase & Co. Has Lowered Expectations for Schneider National (NYSE:SNDR) Stock Price

Schneider National (NYSE:SNDR) had its target price lowered by JPMorgan Chase & Co. from $30.00 to $29.00 in a report issued on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other equities analysts also recently weighed in on the company. Robert W. Baird boosted their price target on Schneider National from $26.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Bank of America raised Schneider National from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $27.00 to $34.00 in a report on Thursday. Susquehanna cut their price target on Schneider National from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday. Stifel Nicolaus downgraded shares of Schneider National from a “buy” rating to a “hold” rating and set a $25.00 price objective on the stock. in a report on Thursday, August 8th. Finally, The Goldman Sachs Group dropped their price objective on shares of Schneider National from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $28.08.

Schneider National Price Performance

NYSE:SNDR opened at $31.47 on Thursday. The stock has a market capitalization of $5.51 billion, a PE ratio of 50.76, a P/E/G ratio of 3.10 and a beta of 0.85. Schneider National has a 1-year low of $20.50 and a 1-year high of $31.71. The firm has a fifty day simple moving average of $27.99 and a 200 day simple moving average of $25.37. 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 (NYSE:SNDR) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.33 billion. Schneider National had a net margin of 2.10% and a return on equity of 3.92%. On average, research analysts expect that Schneider National will post 0.83 EPS for the current fiscal year.

Schneider National Dividend Announcement

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

Institutional Investors Weigh In On Schneider National

Several institutional investors have recently made changes to their positions in the stock. Innealta Capital LLC bought a new position in Schneider National during the 2nd quarter worth $53,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Schneider National during the 3rd quarter worth $73,000. Hilltop National Bank increased its position in shares of Schneider National by 28.5% in the second quarter. Hilltop National Bank now owns 3,044 shares of the company’s stock worth $74,000 after purchasing an additional 676 shares during the period. SG Americas Securities LLC acquired a new position in Schneider National in the third quarter valued at about $109,000. Finally, Hills Bank & Trust Co acquired a new position in Schneider National in the third quarter valued at about $112,000. 28.54% of the stock is currently owned by 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.