BidaskClub Lowers Schneider National Inc (SNDR) to Buy
Schneider National Inc (NASDAQ:SNDR) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Tuesday.
Several other research analysts have also issued reports on the company. Buckingham Research assumed coverage on Schneider National in a report on Friday, October 20th. They issued a “buy” rating and a $29.00 price target on the stock. KeyCorp assumed coverage on Schneider National in a report on Tuesday, October 10th. They issued a “sector weight” rating on the stock. Robert W. Baird reiterated a “buy” rating and issued a $28.00 price target on shares of Schneider National in a report on Friday, October 6th. UBS AG reiterated a “buy” rating and issued a $30.00 price target (up previously from $24.00) on shares of Schneider National in a report on Friday, September 29th. Finally, Zacks Investment Research upgraded Schneider National from a “sell” rating to a “hold” rating in a report on Thursday, September 7th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $24.67.
Schneider National (SNDR) traded down $0.70 during midday trading on Tuesday, reaching $24.80. The company had a trading volume of 1,440,152 shares, compared to its average volume of 537,907. Schneider National has a fifty-two week low of $17.69 and a fifty-two week high of $28.32.
Schneider National (NASDAQ:SNDR) last released its earnings results on Tuesday, November 7th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. Schneider National had a return on equity of 13.37% and a net margin of 4.32%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.24 EPS.
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Several hedge funds have recently bought and sold shares of SNDR. Peregrine Capital Management LLC bought a new position in shares of Schneider National in the second quarter valued at approximately $24,299,000. Schmidt P J Investment Management Inc. bought a new stake in Schneider National during the second quarter worth $37,752,000. Quantitative Systematic Strategies LLC bought a new stake in Schneider National during the second quarter worth $766,000. Strs Ohio bought a new stake in Schneider National during the second quarter worth $212,000. Finally, Spark Investment Management LLC bought a new stake in Schneider National during the second quarter worth $872,000.
Schneider National Company Profile
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.
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