Schneider National Inc (SNDR) Stock Rating Lowered by Zacks Investment Research
Schneider National Inc (NASDAQ:SNDR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Thursday.
According to Zacks, “Schneider National, Inc. is a transportation and logistics services company. It provide portfolio of premier truckload, intermodal and logistics solutions. The company operates primarily in Canada, the United States and Mexico. Schneider National, Inc. is based in Green Bay, United States. “
A number of other equities research analysts have also commented on the company. Stephens started coverage on Schneider National in a research report on Wednesday, April 19th. They set an “equal weight” rating and a $18.00 price target on the stock. J P Morgan Chase & Co started coverage on Schneider National in a research report on Monday, May 1st. They set an “overweight” rating and a $22.00 price target on the stock. Citigroup Inc. started coverage on Schneider National in a research report on Tuesday, May 2nd. They set a “buy” rating and a $22.00 price target on the stock. Morgan Stanley started coverage on Schneider National in a research report on Monday, May 1st. They set an “overweight” rating and a $24.00 price target on the stock. Finally, Bank of America Corporation started coverage on Schneider National in a research report on Monday, May 1st. They set a “buy” rating and a $23.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $22.63.
Schneider National (NASDAQ:SNDR) opened at 21.42 on Thursday. Schneider National has a 1-year low of $17.69 and a 1-year high of $23.12. The firm’s 50-day moving average price is $20.26 and its 200 day moving average price is $19.72. The stock has a market cap of $3.79 billion and a PE ratio of 0.78.
Schneider National (NASDAQ:SNDR) last released its quarterly earnings results on Thursday, May 11th. The company reported $0.15 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.02. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $996.33 million. Schneider National had a return on equity of 7.58% and a net margin of 2.24%. Schneider National’s revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.18 earnings per share. Equities research analysts expect that Schneider National will post $0.97 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, July 11th. Investors of record on Friday, June 30th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Wednesday, June 28th.
About Schneider National
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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