Stifel Nicolaus Downgrades Schneider National (NYSE:SNDR) to Hold

Schneider National (NYSE:SNDR) was downgraded by stock analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, MarketBeat reports. They presently have a $26.00 target price on the stock. Stifel Nicolaus’ target price points to a potential downside of 8.85% from the stock’s previous close.

Several other brokerages have also issued reports on SNDR. Susquehanna lifted their price target on Schneider National from $19.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Evercore ISI lifted their price target on Schneider National from $21.00 to $30.00 and gave the company an “in-line” rating in a research note on Tuesday, January 13th. Citigroup lowered their price objective on Schneider National from $31.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday. Benchmark reiterated a “buy” rating on shares of Schneider National in a report on Thursday, January 15th. Finally, Zacks Research lowered shares of Schneider National from a “hold” rating to a “strong sell” rating in a report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $28.71.

Schneider National Price Performance

NYSE:SNDR opened at $28.53 on Tuesday. The company has a market cap of $5.00 billion, a P/E ratio of 48.35, a P/E/G ratio of 0.70 and a beta of 1.08. The firm’s fifty day moving average price is $27.25 and its two-hundred day moving average price is $24.69. Schneider National has a one year low of $20.11 and a one year high of $30.98. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.23 and a quick ratio of 1.93.

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

Schneider National announced that its board has authorized a stock repurchase 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 generally a sign that the company’s leadership believes its stock is undervalued.

Institutional Investors Weigh In On Schneider National

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada boosted its stake in shares of Schneider National by 19.1% in the 1st quarter. Royal Bank of Canada now owns 162,011 shares of the company’s stock worth $3,702,000 after buying an additional 26,015 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Schneider National in the first quarter valued at approximately $7,477,000. Empowered Funds LLC raised its holdings in Schneider National by 12.0% during the 1st quarter. Empowered Funds LLC now owns 13,944 shares of the company’s stock valued at $319,000 after acquiring an additional 1,494 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Schneider National by 18.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 178,433 shares of the company’s stock valued at $4,077,000 after purchasing an additional 27,180 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in Schneider National by 120.5% during the 1st quarter. Jane Street Group LLC now owns 90,616 shares of the company’s stock valued at $2,071,000 after buying an additional 49,511 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.