KeyCorp started coverage on shares of Schneider National Inc (NASDAQ:SNDR) in a research report sent to investors on Tuesday morning, Marketbeat.com reports. The brokerage issued a sector weight rating on the stock. KeyCorp also issued estimates for Schneider National’s Q3 2017 earnings at $0.25 EPS, Q4 2017 earnings at $0.32 EPS, FY2017 earnings at $0.95 EPS and FY2018 earnings at $1.15 EPS.
A number of other research firms have also recently commented on SNDR. Robert W. Baird reiterated a buy rating and set a $28.00 price objective on shares of Schneider National in a research report on Friday, October 6th. UBS AG reiterated a buy rating and set a $30.00 price objective (up previously from $24.00) on shares of Schneider National in a research report on Friday, September 29th. BidaskClub upgraded Schneider National from a buy rating to a strong-buy rating in a research report on Tuesday, September 12th. Zacks Investment Research upgraded Schneider National from a sell rating to a hold rating in a research report on Thursday, September 7th. Finally, Bank of America Corporation reiterated a buy rating and set a $25.00 price objective (up previously from $23.00) on shares of Schneider National in a research report on Monday, July 10th. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $24.13.
Schneider National (NASDAQ SNDR) traded up 0.12% during midday trading on Tuesday, hitting $24.85. 70,386 shares of the stock were exchanged. The firm has a 50-day moving average price of $23.73 and a 200-day moving average price of $21.28. The stock has a market cap of $4.39 billion and a P/E ratio of 1.61. Schneider National has a one year low of $17.69 and a one year high of $26.85.
Schneider National (NASDAQ:SNDR) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates of $0.23. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Schneider National had a return on equity of 13.37% and a net margin of 4.32%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.28 EPS. On average, equities research analysts anticipate that Schneider National will post $0.95 EPS for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Wednesday, September 20th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.81%. The ex-dividend date was Tuesday, September 19th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SNDR. Vanguard Group Inc. acquired a new position in shares of Schneider National in the 2nd quarter valued at about $67,293,000. Associated Banc Corp acquired a new position in shares of Schneider National in the 2nd quarter valued at about $56,314,000. Schmidt P J Investment Management Inc. acquired a new position in shares of Schneider National in the 2nd quarter valued at about $37,752,000. Jennison Associates LLC acquired a new position in shares of Schneider National in the 2nd quarter valued at about $32,787,000. Finally, Citadel Advisors LLC acquired a new position in shares of Schneider National in the 2nd quarter valued at about $32,099,000.
About Schneider National
Schneider National, Inc is a provider of transportation, logistics and related services. The Company’s transportation solutions include one-way, intermodal, dedicated, bulk, transport management, trans loading services, international services and Schneider payment services. Its supply chain management and consulting services include logistics solution design, global supply chain services, enterprise and market entry assistance, and sourcing and compliance.
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