Zacks Investment Research Upgrades Schneider National (NYSE:SNDR) to “Hold”

Schneider National (NYSE:SNDR) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Wednesday, Zacks.com reports. The firm currently has a $20.00 price objective on the stock. Zacks Investment Research‘s target price suggests a potential downside of 16.28% from the company’s current price.

According to Zacks, “Schneider National takes a hit from the disappointing performance of its major revenue generating segment truckload. Segmental revenues declined 6.1% in the first nine months of 2019 due to lower volumes and soft pricing. Closure of FTFM operations within the truckload unit also bumped up costs. Additionally, revenues at the logistics division decreased 4.9% in the first nine months of 2019. Moreover, this situation is unlikely to improve in the remainder of 2019. Due to these headwinds, the company trimmed its 2019 earnings guidance twice this year. The pessimism surrounding the stock is evident from the Zacks Consensus Estimate for current-year earnings being revised downward over the past 60 days. However, despite the negatives, shares of Schneider have outperformed its industry so far this year, partly owing to strength in its intermodal unit.”

Other research analysts have also recently issued reports about the company. Stephens set a $27.00 target price on Schneider National and gave the stock a “buy” rating in a research note on Friday, November 1st. Morgan Stanley set a $32.00 target price on Schneider National and gave the stock a “buy” rating in a research note on Friday, November 1st. Citigroup raised Schneider National from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $22.00 to $23.00 in a research note on Tuesday, September 3rd. ValuEngine raised Schneider National from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, Credit Suisse Group set a $21.00 target price on Schneider National and gave the stock a “hold” rating in a research note on Friday, November 1st. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Schneider National currently has an average rating of “Buy” and a consensus price target of $24.55.

Shares of SNDR stock traded up $0.18 on Wednesday, hitting $23.89. The stock had a trading volume of 349,387 shares, compared to its average volume of 707,985. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.19 and a quick ratio of 2.10. The firm has a market capitalization of $4.21 billion, a P/E ratio of 15.41, a P/E/G ratio of 5.97 and a beta of 1.62. Schneider National has a 1 year low of $16.59 and a 1 year high of $24.38. The company’s 50 day moving average price is $22.35 and its 200-day moving average price is $19.94.

Schneider National (NYSE:SNDR) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.02). Schneider National had a net margin of 3.58% and a return on equity of 11.12%. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the firm posted $0.40 EPS. Schneider National’s quarterly revenue was down 7.5% compared to the same quarter last year. On average, equities analysts forecast that Schneider National will post 1.28 EPS for the current year.

In other news, VP Amy G. Schilling sold 8,000 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $23.99, for a total transaction of $191,920.00. Corporate insiders own 28.00% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. North Star Investment Management Corp. acquired a new position in shares of Schneider National during the 3rd quarter worth about $27,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Schneider National during the 2nd quarter worth about $64,000. Commonwealth Bank of Australia boosted its position in shares of Schneider National by 57.9% in the 2nd quarter. Commonwealth Bank of Australia now owns 6,000 shares of the company’s stock valued at $109,000 after purchasing an additional 2,200 shares during the period. River & Mercantile Asset Management LLP acquired a new stake in shares of Schneider National in the 2nd quarter valued at about $187,000. Finally, Holocene Advisors LP acquired a new stake in shares of Schneider National in the 2nd quarter valued at about $245,000. 24.40% of the stock is owned by institutional investors and hedge funds.

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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