Schneider National (NYSE:SNDR) Now Covered by Analysts at Credit Suisse Group – Defense World

Credit Suisse Group initiated coverage on shares of Schneider National (NYSE:SNDR Get Rating) in a research report released on Monday, The Fly reports. The brokerage issued an outperform rating on the stock.

SNDR has been the subject of a number of other reports. Susquehanna Bancshares upgraded shares of Schneider National from a neutral rating to a positive rating and raised their price target for the stock from $29.00 to $32.00 in a report on Friday, March 4th. Bank of America lowered shares of Schneider National from a buy rating to an underperform rating and set a $23.00 price objective on the stock. in a research note on Friday, April 8th. JPMorgan Chase & Co. dropped their price objective on shares of Schneider National from $27.00 to $23.00 and set an underweight rating on the stock in a research note on Friday, April 8th. Susquehanna raised shares of Schneider National from a neutral rating to a positive rating and raised their price objective for the company from $29.00 to $32.00 in a research note on Friday, March 4th. Finally, KeyCorp dropped their price objective on shares of Schneider National from $32.00 to $28.00 and set an overweight rating on the stock in a research note on Monday, April 11th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the companys stock. According to data from MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $28.40.

Shares of NYSE SNDR opened at $22.78 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.88 and a current ratio of 1.92. Schneider National has a 52-week low of $20.48 and a 52-week high of $27.50. The firm has a 50 day moving average price of $23.35 and a two-hundred day moving average price of $24.77. The stock has a market cap of $4.05 billion, a P/E ratio of 9.15, a price-to-earnings-growth ratio of 1.96 and a beta of 0.96.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 11th. Shareholders of record on Friday, June 10th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Thursday, June 9th. Schneider Nationals payout ratio is currently 12.85%.

In other news, EVP David L. Geyer sold 16,000 shares of the companys stock in a transaction dated Friday, April 1st. The shares were sold at an average price of $24.71, for a total value of $395,360.00. Following the sale, the executive vice president now directly owns 100,096 shares of the companys stock, valued at approximately $2,473,372.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 32.97% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Schneider National by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 4,816,076 shares of the companys stock valued at $122,810,000 after acquiring an additional 244,894 shares during the period. BlackRock Inc. lifted its stake in Schneider National by 1.8% during the 1st quarter. BlackRock Inc. now owns 4,137,866 shares of the companys stock valued at $105,515,000 after acquiring an additional 71,701 shares during the period. Dimensional Fund Advisors LP lifted its stake in Schneider National by 1.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,048,396 shares of the companys stock valued at $52,239,000 after acquiring an additional 34,672 shares during the period. State Street Corp lifted its stake in Schneider National by 12.6% during the 1st quarter. State Street Corp now owns 1,744,989 shares of the companys stock valued at $44,635,000 after acquiring an additional 195,165 shares during the period. Finally, First Trust Advisors LP lifted its stake in Schneider National by 21.8% during the 1st quarter. First Trust Advisors LP now owns 1,448,898 shares of the companys stock valued at $36,947,000 after acquiring an additional 258,986 shares during the period. 71.56% of the stock is currently owned by institutional investors.

Schneider National Company Profile (Get Rating)

Schneider National, Inc, together with its subsidiaries, provides surface transportation and logistics solutions in the United States, Canada, and Mexico. The company operates through three segments: Truckload, Intermodal, and Logistics. The Truckload segment offers standard long-haul and regional shipping services primarily through dry van, bulk, temperature-controlled, and flat-bed equipment, as well as cross dock and customized solutions for time-sensitive loads.

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Schneider National (NYSE:SNDR) Now Covered by Analysts at Credit Suisse Group - Defense World