Schneider National (NYSE:SNDR) Lifted to “Buy” at Bank of America

Bank of America upgraded shares of Schneider National (NYSE:SNDR) from an underperform rating to a buy rating in a research note released on Monday, February 4th, Marketbeat.com reports. They currently have $25.00 target price on the stock.

SNDR has been the subject of a number of other reports. Zacks Investment Research upgraded Schneider National from a sell rating to a hold rating in a report on Saturday, February 2nd. Citigroup cut their price target on Schneider National from $26.00 to $25.00 and set a neutral rating for the company in a report on Friday, November 2nd. Stifel Nicolaus upgraded Schneider National from a hold rating to a buy rating and set a $28.00 price target for the company in a report on Monday, October 29th. Buckingham Research cut their target price on Schneider National from $35.00 to $32.00 and set a buy rating for the company in a research note on Friday, October 12th. Finally, JPMorgan Chase & Co. cut their target price on Schneider National from $28.00 to $27.00 and set an overweight rating for the company in a research note on Friday, November 2nd. Three research analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $28.00.

NYSE:SNDR traded up $0.06 on Monday, hitting $21.95. 465,602 shares of the company’s stock traded hands, compared to its average volume of 527,281. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.34 and a quick ratio of 2.23. Schneider National has a 1 year low of $17.56 and a 1 year high of $30.52. The stock has a market cap of $4.07 billion, a PE ratio of 14.16, a price-to-earnings-growth ratio of 1.05 and a beta of 1.54.

Schneider National (NYSE:SNDR) last announced its quarterly earnings results on Thursday, January 31st. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.03. Schneider National had a return on equity of 13.81% and a net margin of 5.40%. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.33 billion. On average, equities research analysts anticipate that Schneider National will post 1.71 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 8th. Stockholders of record on Friday, March 15th will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, March 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.09%. Schneider National’s dividend payout ratio (DPR) is currently 15.48%.

Several institutional investors have recently bought and sold shares of the company. First Hawaiian Bank raised its position in Schneider National by 163.1% during the fourth quarter. First Hawaiian Bank now owns 3,039 shares of the company’s stock valued at $57,000 after purchasing an additional 1,884 shares in the last quarter. Quantamental Technologies LLC bought a new position in shares of Schneider National during the fourth quarter valued at approximately $99,000. State of Alaska Department of Revenue bought a new position in shares of Schneider National during the third quarter valued at approximately $126,000. Stevens Capital Management LP bought a new position in shares of Schneider National during the third quarter valued at approximately $208,000. Finally, Jane Street Group LLC bought a new position in shares of Schneider National during the fourth quarter valued at approximately $224,000. 22.37% of the stock is 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, final mile delivery, and customized solutions for time-sensitive loads.

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