Zacks Investment Research upgraded shares of Schneider National Inc (NASDAQ:SNDR) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning.

According to Zacks, “Schneider National, Inc. is a transportation and logistics services company. It provide portfolio of premier truckload, intermodal and logistics solutions. The company operates primarily in Canada, the United States and Mexico. Schneider National, Inc. is based in Green Bay, United States. “

Other equities analysts also recently issued reports about the stock. UBS AG assumed coverage on shares of Schneider National in a research note on Monday, May 1st. They set a buy rating and a $24.00 target price on the stock. Bank of America Corporation initiated coverage on shares of Schneider National in a research note on Monday, May 1st. They issued a buy rating and a $23.00 price target on the stock. Wells Fargo & Company initiated coverage on shares of Schneider National in a research note on Monday, May 1st. They issued an outperform rating on the stock. J P Morgan Chase & Co initiated coverage on shares of Schneider National in a research note on Monday, May 1st. They issued an overweight rating and a $22.00 price target on the stock. Finally, Credit Suisse Group initiated coverage on shares of Schneider National in a research note on Monday, May 1st. They issued an outperform rating and a $24.00 price target on the stock. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $22.63.

Shares of Schneider National (NASDAQ SNDR) opened at 22.88 on Tuesday. The stock’s 50 day moving average is $21.47 and its 200 day moving average is $20.53. The stock has a market capitalization of $4.05 billion and a PE ratio of 1.48. Schneider National has a 12 month low of $17.69 and a 12 month high of $23.12.

Schneider National (NASDAQ:SNDR) last issued its earnings results on Tuesday, August 1st. The company reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates of $0.23. Schneider National had a net margin of 4.32% and a return on equity of 13.37%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the firm earned $0.28 earnings per share. Schneider National’s quarterly revenue was up 8.1% compared to the same quarter last year. Analysts anticipate that Schneider National will post $0.96 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Wednesday, September 20th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.87%. The ex-dividend date is Tuesday, September 19th.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Peregrine Capital Management LLC purchased a new position in Schneider National during the second quarter valued at approximately $24,299,000. Schmidt P J Investment Management Inc. purchased a new position in Schneider National during the second quarter valued at approximately $37,752,000. Quantitative Systematic Strategies LLC purchased a new position in Schneider National during the second quarter valued at approximately $766,000. Strs Ohio purchased a new position in Schneider National during the second quarter valued at approximately $212,000. Finally, Spark Investment Management LLC purchased a new position in Schneider National during the second quarter valued at approximately $872,000.

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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Analyst Recommendations for Schneider National (NASDAQ:SNDR)

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