Schneider National (NYSE:SNDR) Rating Lowered to Sell at Citigroup

Schneider National (NYSE:SNDR) was downgraded by research analysts at Citigroup from a “neutral” rating to a “sell” rating in a research note issued to investors on Friday, Marketbeat reports. They presently have a $27.00 price objective on the stock. Citigroup’s price target suggests a potential downside of 8.47% from the company’s current price.

Several other analysts have also issued reports on SNDR. JPMorgan Chase & Co. dropped their target price on Schneider National from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, January 30th. Wells Fargo & Company dropped their price objective on Schneider National from $30.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, January 30th. Susquehanna boosted their target price on shares of Schneider National from $19.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Benchmark reaffirmed a “buy” rating on shares of Schneider National in a research report on Thursday, January 15th. Finally, National Bankshares set a $31.00 price objective on shares of Schneider National in a research report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $28.43.

Schneider National Price Performance

NYSE SNDR opened at $29.50 on Friday. The firm’s 50 day moving average is $27.82 and its 200-day moving average is $24.82. The company has a quick ratio of 1.93, a current ratio of 2.23 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $5.17 billion, a PE ratio of 50.00, a price-to-earnings-growth ratio of 0.93 and a beta of 1.08. Schneider National has a 12-month low of $20.11 and a 12-month high of $30.98.

Schneider National (NYSE:SNDR) last announced its earnings results on Thursday, January 29th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.08). Schneider National had a return on equity of 3.66% and a net margin of 1.83%.The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the previous year, the company posted $0.20 EPS. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. Equities research analysts anticipate that Schneider National will post 1.12 earnings per share for the current fiscal year.

Schneider National announced that its Board of Directors has approved a stock repurchase program on Wednesday, January 28th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the company to reacquire up to 2.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd grew its position in shares of Schneider National by 2,425.4% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,692 shares of the company’s stock valued at $36,000 after purchasing an additional 1,625 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in Schneider National during the 2nd quarter worth approximately $37,000. Global Retirement Partners LLC bought a new stake in Schneider National in the 4th quarter valued at $47,000. Farther Finance Advisors LLC boosted its stake in Schneider National by 155.7% in the 4th quarter. Farther Finance Advisors LLC now owns 1,823 shares of the company’s stock valued at $48,000 after purchasing an additional 1,110 shares during the period. Finally, KBC Group NV grew its holdings in Schneider National by 86.3% in the 2nd quarter. KBC Group NV now owns 2,290 shares of the company’s stock valued at $55,000 after buying an additional 1,061 shares in the last quarter. 28.54% of the stock is owned by institutional investors.

Schneider National Company Profile

Schneider National, Inc is a leading provider of transportation and logistics services in North America. The company offers a full spectrum of solutions, including truckload transportation, intermodal services and dedicated logistics. Through these offerings, Schneider supports the movement of goods ranging from dry van freight to refrigerated and flatbed shipments, while also providing customized supply chain management and warehousing capabilities.

Founded in 1935 by Al Schneider as a single-truck operation in Green Bay, Wisconsin, the company has grown into one of the industry’s most recognized carriers.