Schneider National (NYSE:SNDR) Cut to Sell at Citigroup

Schneider National (NYSE:SNDR) was downgraded by analysts at Citigroup from a “neutral” rating to a “sell” rating in a research note issued on Tuesday,Finviz reports. They currently have a $30.00 target price on the stock, down from their previous target price of $32.00. Citigroup’s price objective would indicate a potential downside of 5.75% from the company’s current price.

Several other brokerages have also recently issued reports on SNDR. The Goldman Sachs Group reduced their target price on Schneider National from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Bank of America upgraded shares of Schneider National from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $27.00 to $34.00 in a research report on Thursday, November 7th. Stifel Nicolaus boosted their price objective on Schneider National from $25.00 to $27.00 and gave the stock a “hold” rating in a research note on Monday. Benchmark increased their price target on Schneider National from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Evercore ISI dropped their price objective on Schneider National from $27.00 to $26.00 and set an “in-line” rating for the company in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $28.31.

Schneider National Stock Up 1.1 %

SNDR stock opened at $31.83 on Tuesday. The company has a quick ratio of 1.46, a current ratio of 1.59 and a debt-to-equity ratio of 0.04. Schneider National has a twelve month low of $20.50 and a twelve month high of $32.14. The stock has a market cap of $5.58 billion, a P/E ratio of 51.34, a PEG ratio of 3.78 and a beta of 0.85. The business’s 50-day moving average price is $28.08 and its 200-day moving average price is $25.47.

Schneider National (NYSE:SNDR) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). Schneider National had a net margin of 2.10% and a return on equity of 3.92%. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.33 billion. On average, equities research analysts forecast that Schneider National will post 0.7 EPS for the current year.

Hedge Funds Weigh In On Schneider National

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Innealta Capital LLC purchased a new position in Schneider National during the second quarter worth approximately $53,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Schneider National during the 3rd quarter valued at about $73,000. Hilltop National Bank boosted its position in shares of Schneider National by 28.5% during the 2nd quarter. Hilltop National Bank now owns 3,044 shares of the company’s stock valued at $74,000 after acquiring an additional 676 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Schneider National in the third quarter valued at about $109,000. Finally, Hills Bank & Trust Co acquired a new stake in Schneider National during the third quarter worth about $112,000. Hedge funds and other institutional investors own 28.54% of the company’s stock.

About Schneider National

Schneider National, Inc, together with its subsidiaries, provides surface transportation and logistics solutions in the United States, Canada, and Mexico. It operates through three segments: Truckload, Intermodal, and Logistics. The Truckload segment offers over the road freight transportation services primarily through dry van, bulk, temperature-controlled, and flat-bed trailers across either network or dedicated configurations.