Schneider National (NYSE:SNDR) Lowered to Underperform at Wolfe Research

Schneider National (NYSE:SNDR) was downgraded by equities research analysts at Wolfe Research from a “market perform” rating to an “underperform” rating in a research report issued to clients and investors on Monday, February 5th.

A number of other research analysts have also weighed in on the company. Robert W. Baird reissued a “buy” rating and set a $30.00 price target on shares of Schneider National in a research note on Tuesday, January 9th. Buckingham Research initiated coverage on Schneider National in a research note on Friday, October 20th. They set a “buy” rating and a $29.00 price target on the stock. Citigroup lowered Schneider National from a “buy” rating to a “neutral” rating in a research note on Thursday, January 4th. BidaskClub lowered Schneider National from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 7th. Finally, Morgan Stanley increased their price target on Schneider National from $26.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Schneider National presently has a consensus rating of “Buy” and an average target price of $29.70.

Shares of Schneider National (NYSE SNDR) opened at $26.88 on Monday. Schneider National has a 52 week low of $17.69 and a 52 week high of $30.00. The company has a quick ratio of 1.93, a current ratio of 2.12 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $4,846.48 and a P/E ratio of 29.15.

Schneider National (NYSE:SNDR) last posted its earnings results on Thursday, February 1st. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. Schneider National had a return on equity of 10.98% and a net margin of 8.89%. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the company earned $0.31 EPS. Schneider National’s revenue was up 11.3% on a year-over-year basis. equities analysts forecast that Schneider National will post 1.4 earnings per share for the current year.

In related news, CFO Lori A. Lutey sold 70,000 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $28.11, for a total value of $1,967,700.00. Following the transaction, the chief financial officer now directly owns 515,838 shares of the company’s stock, valued at approximately $14,500,206.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Several institutional investors and hedge funds have recently modified their holdings of SNDR. Acadian Asset Management LLC acquired a new stake in Schneider National in the 4th quarter valued at $175,000. Pacer Advisors Inc. acquired a new stake in Schneider National in the 3rd quarter valued at $182,000. Meeder Asset Management Inc. acquired a new stake in Schneider National in the 3rd quarter valued at $195,000. Legal & General Group Plc acquired a new stake in Schneider National in the 2nd quarter valued at $173,000. Finally, Verition Fund Management LLC acquired a new stake in Schneider National in the 4th quarter valued at $232,000. 21.43% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Schneider National (NYSE:SNDR)

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