Weekly Investment Analysts’ Ratings Changes for Schneider National (SNDR)

Schneider National (NYSE: SNDR) recently received a number of ratings updates from brokerages and research firms:

  • 11/6/2019 – Schneider National was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. They now have a $20.00 price target on the stock. 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.”
  • 11/5/2019 – Schneider National was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. They now have a $25.00 price target on the stock. According to Zacks, “Schneider National is hurt by disappointing performance of its major revenue generating segment, truckload. Segmental revenues declined 6.1% in the first nine months of 2019 on account of lower volumes and unfavorable pricing. Additionally, revenues at the logistics division declined 4.9% in the first nine months of 2019. The situation is unlikely to improve in the remainder of 2019. However, the company’s cost-control measures are appreciative. We are also impressed with the company's efforts to reward shareholders. Strong performance of the intermodal unit (revenues up 8.4% in the first nine months of 2019) is encouraging and should continue to aid results going forward. Debt-reduction efforts of the company are also commendable. Due to the aforementioned tailwinds, shares of Schneider have outperformed its industry so far in 2019.”
  • 11/1/2019 – Schneider National was given a new $21.00 price target on by analysts at Credit Suisse Group AG. They now have a “hold” rating on the stock.
  • 11/1/2019 – Schneider National was given a new $27.00 price target on by analysts at Stephens. They now have a “buy” rating on the stock.
  • 11/1/2019 – Schneider National was given a new $26.00 price target on by analysts at UBS Group AG. They now have a “buy” rating on the stock.
  • 11/1/2019 – Schneider National was given a new $32.00 price target on by analysts at Morgan Stanley. They now have a “buy” rating on the stock.
  • 10/11/2019 – Schneider National was upgraded by analysts at UBS Group AG from a “neutral” rating to a “buy” rating. They now have a $25.00 price target on the stock, up previously from $20.00.
  • 10/10/2019 – Schneider National was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating. They now have a $21.00 price target on the stock.

NYSE:SNDR traded down $0.07 during mid-day trading on Tuesday, hitting $23.73. The stock had a trading volume of 23,184 shares, compared to its average volume of 575,737. The stock has a 50-day simple moving average of $22.44 and a two-hundred day simple moving average of $19.96. The company has a market capitalization of $4.20 billion, a PE ratio of 15.31, a PEG ratio of 5.94 and a beta of 1.62. Schneider National Inc has a twelve month low of $16.59 and a twelve month high of $24.38. The company has a current ratio of 2.19, a quick ratio of 2.10 and a debt-to-equity ratio of 0.14.

Schneider National (NYSE:SNDR) last issued its earnings results on Thursday, October 31st. The company reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.02). The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.22 billion. Schneider National had a net margin of 3.58% and a return on equity of 11.12%. The firm’s revenue was down 7.5% compared to the same quarter last year. During the same period last year, the business earned $0.40 EPS. Sell-side analysts predict that Schneider National Inc will post 1.28 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Friday, December 13th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.24 annualized dividend and a dividend yield of 1.01%. Schneider National’s payout ratio is currently 15.48%.

In other news, VP Amy G. Schilling sold 8,000 shares of Schneider National stock in a transaction on Monday, November 4th. The stock was sold at an average price of $23.99, for a total transaction of $191,920.00. 28.00% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its holdings in shares of Schneider National by 119.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,099,866 shares of the company’s stock worth $67,329,000 after purchasing an additional 1,686,004 shares during the period. BlackRock Inc. grew its stake in shares of Schneider National by 64.0% in the second quarter. BlackRock Inc. now owns 3,019,584 shares of the company’s stock worth $55,077,000 after purchasing an additional 1,178,620 shares in the last quarter. Nuveen Asset Management LLC bought a new position in shares of Schneider National in the second quarter worth $10,982,000. Associated Banc Corp grew its stake in shares of Schneider National by 39.8% in the second quarter. Associated Banc Corp now owns 1,854,560 shares of the company’s stock worth $33,827,000 after purchasing an additional 528,401 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Schneider National by 39.0% in the second quarter. Renaissance Technologies LLC now owns 1,003,600 shares of the company’s stock worth $18,306,000 after purchasing an additional 281,700 shares in the last quarter. 25.49% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading: What does an outperform rating mean?

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