Zacks Investment Research lowered shares of Schneider National (NYSE:SNDR) from a hold rating to a strong sell rating in a research report sent to investors on Tuesday, Zacks.com reports. They currently have $25.00 target price on the stock.
According to Zacks, “Schneider National is hurt by disappointing performance of its major revenue generating segment, truckload. Segmental revenues declined 6.1% in the first nine months of 2019 on account of lower volumes and unfavorable pricing. Additionally, revenues at the logistics division declined 4.9% in the first nine months of 2019. The situation is unlikely to improve in the remainder of 2019. However, the company’s cost-control measures are appreciative. We are also impressed with the company's efforts to reward shareholders. Strong performance of the intermodal unit (revenues up 8.4% in the first nine months of 2019) is encouraging and should continue to aid results going forward. Debt-reduction efforts of the company are also commendable. Due to the aforementioned tailwinds, shares of Schneider have outperformed its industry so far in 2019.”
SNDR has been the topic of a number of other research reports. UBS Group set a $26.00 price objective on Schneider National and gave the stock a buy rating in a research note on Friday, November 1st. Citigroup raised Schneider National from a neutral rating to a buy rating and boosted their price objective for the stock from $22.00 to $23.00 in a research note on Tuesday, September 3rd. Stifel Nicolaus downgraded Schneider National from a buy rating to a hold rating and set a $21.00 price objective on the stock. in a research note on Thursday, October 10th. Morgan Stanley set a $32.00 price objective on Schneider National and gave the stock a buy rating in a research note on Friday, November 1st. Finally, ValuEngine raised Schneider National from a sell rating to a hold rating in a research note on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $24.55.
Schneider National (NYSE:SNDR) last announced its earnings results on Thursday, October 31st. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02). The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.22 billion. Schneider National had a net margin of 3.58% and a return on equity of 11.12%. The firm’s revenue was down 7.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.40 EPS. On average, analysts expect that Schneider National will post 1.28 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Friday, December 13th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Thursday, December 12th. Schneider National’s payout ratio is 15.48%.
In related news, VP Amy G. Schilling sold 8,000 shares of Schneider National stock in a transaction on Monday, November 4th. The stock was sold at an average price of $23.99, for a total value of $191,920.00. Insiders own 28.00% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of SNDR. North Star Investment Management Corp. acquired a new position in shares of Schneider National in the 3rd quarter worth $27,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Schneider National in the 2nd quarter worth $64,000. Commonwealth Bank of Australia grew its holdings in shares of Schneider National by 57.9% in the 2nd quarter. Commonwealth Bank of Australia now owns 6,000 shares of the company’s stock worth $109,000 after acquiring an additional 2,200 shares during the last quarter. River & Mercantile Asset Management LLP acquired a new position in shares of Schneider National in the 2nd quarter worth $187,000. Finally, Holocene Advisors LP acquired a new position in shares of Schneider National in the 2nd quarter worth $245,000. Institutional investors and hedge funds own 24.40% of the company’s stock.
About Schneider National
Schneider National, Inc, a transportation and logistics services company, provides truckload, intermodal, and logistics solutions in North America. Its Truckload segment provides standard long-haul and regional shipping services through dry van equipment; and bulk, temperature-controlled, first to final mile delivery, and customized solutions for time-sensitive loads.
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