Schneider National (NYSE:SNDR) Lowered to “Sell” Rating by Citigroup

Citigroup downgraded shares of Schneider National (NYSE:SNDR) from a neutral rating to a sell rating in a research note published on Tuesday morning, Marketbeat Ratings reports. Citigroup currently has $30.00 price objective on the stock, down from their prior price objective of $32.00.

Other research analysts have also issued reports about the stock. Bank of America raised shares of Schneider National from an “underperform” rating to a “buy” rating and lifted their price objective for the stock from $27.00 to $34.00 in a research note on Thursday, November 7th. Susquehanna dropped their price objective on shares of Schneider National from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Evercore ISI dropped their price objective on shares of Schneider National from $27.00 to $26.00 and set an “in-line” rating for the company in a research note on Thursday, November 7th. TD Cowen lifted their price objective on shares of Schneider National from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Schneider National from $30.00 to $29.00 and set a “neutral” rating for the company in a research note 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 given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $28.31.

Schneider National Trading Down 1.2 %

SNDR stock opened at $30.21 on Tuesday. The firm has a fifty day moving average price of $28.40 and a 200 day moving average price of $25.68. Schneider National has a fifty-two week low of $20.50 and a fifty-two week high of $32.14. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.66. The firm has a market cap of $5.29 billion, a PE ratio of 48.73, a price-to-earnings-growth ratio of 3.80 and a beta of 0.85.

Schneider National (NYSE:SNDR) last posted its earnings results 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). Schneider National had a net margin of 2.10% and a return on equity of 3.92%. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Sell-side analysts anticipate that Schneider National will post 0.7 earnings per share for the current fiscal year.

Schneider National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 13th will be given a dividend of $0.095 per share. The ex-dividend date is Friday, December 13th. This represents a $0.38 annualized dividend and a dividend yield of 1.26%. Schneider National’s dividend payout ratio (DPR) is 61.29%.

Institutional Trading of Schneider National

Several institutional investors and hedge funds have recently made changes to their positions in SNDR. Louisiana State Employees Retirement System bought a new stake in shares of Schneider National in the third quarter valued at about $648,000. Russell Investments Group Ltd. raised its holdings in shares of Schneider National by 76.5% in the first quarter. Russell Investments Group Ltd. now owns 281,747 shares of the company’s stock valued at $6,379,000 after acquiring an additional 122,077 shares in the last quarter. Tidal Investments LLC bought a new stake in shares of Schneider National in the first quarter valued at about $468,000. Quadrature Capital Ltd bought a new stake in shares of Schneider National in the first quarter valued at about $489,000. Finally, SG Americas Securities LLC raised its holdings in shares of Schneider National by 244.5% in the first quarter. SG Americas Securities LLC now owns 70,335 shares of the company’s stock valued at $1,592,000 after acquiring an additional 49,921 shares in the last quarter. 28.54% of the stock is currently owned by institutional investors.

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.