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

Schneider National (NYSE:SNDR) was downgraded by equities research analysts at Citigroup from a “neutral” rating to a “sell” rating in a report issued on Tuesday, MarketBeat reports. They currently have a $30.00 price target on the stock, down from their previous price target of $32.00. Citigroup’s price target would suggest a potential downside of 4.03% from the company’s previous close.

SNDR has been the subject of a number of other research reports. Benchmark boosted their price objective on Schneider National from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. The Goldman Sachs Group decreased their price target on shares of Schneider National from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Bank of America raised shares of Schneider National from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $27.00 to $34.00 in a research report on Thursday, November 7th. Robert W. Baird increased their target price on shares of Schneider National from $26.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Finally, Evercore ISI lowered their price target on Schneider National from $27.00 to $26.00 and set an “in-line” rating on the stock in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $28.31.

Schneider National Trading Down 1.4 %

NYSE SNDR opened at $31.26 on Tuesday. The firm’s fifty day moving average price is $28.25 and its 200 day moving average price is $25.58. Schneider National has a 12 month low of $20.50 and a 12 month high of $32.14. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.66 and a quick ratio of 1.53. The company has a market capitalization of $5.48 billion, a price-to-earnings ratio of 50.42, a price-to-earnings-growth ratio of 3.85 and a beta of 0.85.

Schneider National (NYSE:SNDR) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.05). Schneider National had a return on equity of 3.92% and a net margin of 2.10%. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.33 billion. On average, sell-side analysts expect that Schneider National will post 0.7 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Innealta Capital LLC purchased a new stake in shares of Schneider National during the 2nd quarter worth $53,000. DekaBank Deutsche Girozentrale purchased a new stake in Schneider National during the third quarter worth about $73,000. Hilltop National Bank grew its position in Schneider National by 28.5% during the second quarter. Hilltop National Bank now owns 3,044 shares of the company’s stock worth $74,000 after buying an additional 676 shares during the period. SG Americas Securities LLC purchased a new position in Schneider National in the third quarter valued at about $109,000. Finally, Hills Bank & Trust Co acquired a new stake in shares of Schneider National during the 3rd quarter valued at approximately $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.