Credit Suisse Group downgraded shares of Schneider National (NYSE:SNDR) from an outperform rating to a neutral rating in a report published on Thursday morning, BenzingaRatingsTable reports.
A number of other equities research analysts also recently issued reports on the stock. Stephens set a $112.00 price target on shares of Genesee & Wyoming and gave the company a hold rating in a research note on Monday, July 1st. Morgan Stanley set a $36.00 price target on shares of ArcBest and gave the company a hold rating in a research note on Monday, July 8th. Wolfe Research raised shares of Covenant Transportation Group from an underperform rating to a peer perform rating in a research note on Friday, June 28th. UBS Group boosted their price target on shares of Intact Financial from C$122.00 to C$133.00 in a research note on Tuesday, June 18th. Finally, Buckingham Research reduced their price target on shares of Werner Enterprises from $43.00 to $42.00 and set a buy rating on the stock in a research note on Tuesday, April 2nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. The company presently has an average rating of Hold and an average price target of $26.90.
Schneider National stock opened at $18.11 on Thursday. The company has a 50 day moving average of $17.75. The stock has a market cap of $3.21 billion, a P/E ratio of 11.68, a price-to-earnings-growth ratio of 1.20 and a beta of 1.62. Schneider National has a 1 year low of $16.59 and a 1 year high of $28.46. The company has a quick ratio of 2.02, a current ratio of 2.10 and a debt-to-equity ratio of 0.15.
Schneider National (NYSE:SNDR) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.10). The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Schneider National had a net margin of 5.13% and a return on equity of 12.69%. Schneider National’s revenue was up 4.8% on a year-over-year basis. During the same period last year, the firm posted $0.27 earnings per share. As a group, equities research analysts forecast that Schneider National will post 1.47 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 9th. Investors of record on Friday, June 14th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date was Thursday, June 13th. Schneider National’s dividend payout ratio (DPR) is currently 15.48%.
Several hedge funds have recently made changes to their positions in the stock. First Hawaiian Bank grew its holdings in Schneider National by 25.6% during the 1st quarter. First Hawaiian Bank now owns 3,816 shares of the company’s stock worth $80,000 after acquiring an additional 777 shares in the last quarter. Nicolet Advisory Services LLC acquired a new position in Schneider National during the 1st quarter worth approximately $236,000. Jane Street Group LLC acquired a new position in Schneider National during the 4th quarter worth approximately $224,000. Strs Ohio acquired a new position in Schneider National during the 1st quarter worth approximately $345,000. Finally, Janus Henderson Group PLC grew its holdings in Schneider National by 6.4% during the 1st quarter. Janus Henderson Group PLC now owns 16,736 shares of the company’s stock worth $352,000 after acquiring an additional 1,010 shares in the last quarter. Hedge funds and other institutional investors own 24.17% of the company’s stock.
Schneider National Company Profile
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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