Schneider National (NYSE:SNDR) Downgraded by Stifel Nicolaus to Hold

Schneider National (NYSE:SNDR) was downgraded by equities researchers at Stifel Nicolaus from a “buy” rating to a “hold” rating in a report released on Tuesday, MarketBeat reports. They currently have a $26.00 price objective on the stock. Stifel Nicolaus’ target price indicates a potential downside of 8.85% from the stock’s previous close.

Several other brokerages have also weighed in on SNDR. Raymond James Financial upgraded shares of Schneider National from a “market perform” rating to an “outperform” rating and set a $28.00 price objective on the stock in a report on Wednesday, December 3rd. National Bankshares set a $31.00 price target on Schneider National in a research note on Friday. UBS Group reaffirmed a “neutral” rating on shares of Schneider National in a research note on Friday. JPMorgan Chase & Co. dropped their price objective on Schneider National from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Friday. Finally, Susquehanna raised their target price on Schneider National from $19.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Schneider National presently has an average rating of “Hold” and an average target price of $28.71.

Schneider National Price Performance

Shares of SNDR stock opened at $28.53 on Tuesday. Schneider National has a 52 week low of $20.11 and a 52 week high of $30.98. The stock has a market capitalization of $5.00 billion, a PE ratio of 48.35, a PEG ratio of 0.70 and a beta of 1.08. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.93 and a current ratio of 2.23. The stock’s fifty day moving average is $27.25 and its 200-day moving average is $24.69.

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

Schneider National declared that its board has authorized a stock buyback plan on Wednesday, January 28th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the company to buy up to 2.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd lifted its stake in 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 acquiring an additional 1,625 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in shares of Schneider National in the 2nd quarter valued at about $37,000. Farther Finance Advisors LLC lifted 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 last quarter. KBC Group NV grew its holdings in Schneider National by 86.3% during the second quarter. KBC Group NV now owns 2,290 shares of the company’s stock worth $55,000 after purchasing an additional 1,061 shares during the period. Finally, Quarry LP grew its holdings in Schneider National by 36.7% during the third quarter. Quarry LP now owns 3,404 shares of the company’s stock worth $72,000 after purchasing an additional 913 shares during the period. 28.54% of the stock is currently owned by institutional investors.

About Schneider National

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.