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 report issued to clients and investors on Tuesday,Finviz reports. They currently have a $30.00 target price on the stock, down from their prior target price of $32.00. Citigroup’s price target would indicate a potential downside of 5.75% from the stock’s current price.

A number of other brokerages have also issued reports on SNDR. Evercore ISI reduced their price target on shares of Schneider National from $27.00 to $26.00 and set an “in-line” rating on the stock in a research report on Thursday, November 7th. 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 report on Wednesday, October 9th. Stifel Nicolaus increased their price target on Schneider National from $25.00 to $27.00 and gave the company a “hold” rating in a research report on Monday. Benchmark upped their target price on shares of Schneider National from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. lowered their price target on shares of Schneider National from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $28.31.

Schneider National Price Performance

Shares of SNDR opened at $31.83 on Tuesday. The firm has a 50-day simple moving average of $28.08 and a two-hundred day simple moving average of $25.47. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.59 and a quick ratio of 1.46. Schneider National has a 1-year low of $20.50 and a 1-year high of $32.14. The stock has a market cap of $5.58 billion, a PE ratio of 51.34, a P/E/G ratio of 3.78 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 for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.33 billion. Schneider National had a net margin of 2.10% and a return on equity of 3.92%. As a group, analysts forecast that Schneider National will post 0.7 EPS for the current year.

Institutional Trading of Schneider National

Hedge funds and other institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its position in Schneider National by 3.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,136 shares of the company’s stock valued at $342,000 after purchasing an additional 493 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its position in Schneider National by 3.2% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 19,917 shares of the company’s stock worth $451,000 after acquiring an additional 618 shares during the period. Hilltop National Bank lifted its position in Schneider National by 28.5% during the 2nd quarter. Hilltop National Bank now owns 3,044 shares of the company’s stock worth $74,000 after acquiring an additional 676 shares during the period. California State Teachers Retirement System grew its stake in shares of Schneider National by 1.7% in the 1st quarter. California State Teachers Retirement System now owns 55,889 shares of the company’s stock valued at $1,265,000 after purchasing an additional 958 shares during the last quarter. Finally, Comerica Bank increased its holdings in shares of Schneider National by 11.8% in the first quarter. Comerica Bank now owns 12,283 shares of the company’s stock valued at $278,000 after purchasing an additional 1,297 shares during the period. Institutional investors and hedge funds own 28.54% of the company’s stock.

Schneider National Company Profile

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.