Schneider National (NYSE:SNDR) Downgraded by Citigroup to Sell

Schneider National (NYSE:SNDR - Get Free Report) was downgraded by equities researchers at Citigroup from a "neutral" rating to a "sell" rating in a report released on Tuesday, MarketBeat.com reports. They presently have a $30.00 price target on the stock, down from their prior price target of $32.00. Citigroup's price target would indicate a potential downside of 4.76% from the company's previous close.

SNDR has been the topic of several other reports. Stifel Nicolaus increased their target price on shares of Schneider National from $25.00 to $27.00 and gave the stock a "hold" rating in a research note on Monday. The Goldman Sachs Group cut their target price 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. Benchmark increased their price target 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. JPMorgan Chase & Co. reduced their price objective on Schneider National from $30.00 to $29.00 and set a "neutral" rating on the stock in a research note on Thursday, November 7th. Finally, Evercore ISI dropped their price objective on Schneider National from $27.00 to $26.00 and set an "in-line" rating for the company in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $28.31.

Schneider National Trading Down 1.0 %

Shares of NYSE SNDR traded down $0.33 during midday trading on Tuesday, reaching $31.50. 236,547 shares of the stock were exchanged, compared to its average volume of 821,525. The stock has a market capitalization of $5.52 billion, a P/E ratio of 51.34, a PEG ratio of 3.78 and a beta of 0.85. Schneider National has a twelve month low of $20.50 and a twelve month high of $32.14. The company has a 50 day simple moving average of $28.08 and a 200 day simple moving average of $25.47. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.46 and a current ratio of 1.59.

Schneider National (NYSE:SNDR - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.18 EPS 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 firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.33 billion. As a group, equities analysts expect that Schneider National will post 0.7 earnings per share for the current year.

Institutional Investors Weigh In On Schneider National

A number of institutional investors and hedge funds have recently modified their holdings of the business. Deprince Race & Zollo Inc. bought a new stake in Schneider National in the second quarter valued at $30,072,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Schneider National in the second quarter valued at about $15,216,000. Encompass Capital Advisors LLC bought a new stake in shares of Schneider National during the second quarter valued at approximately $12,376,000. Earnest Partners LLC lifted its position in Schneider National by 25.5% during the 2nd quarter. Earnest Partners LLC now owns 2,166,146 shares of the company's stock valued at $52,334,000 after acquiring an additional 440,545 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Schneider National by 10.6% in the first quarter. Vanguard Group Inc. now owns 4,061,994 shares of the company's stock worth $91,964,000 after purchasing an additional 388,913 shares during the period. 28.54% of the stock is owned by institutional investors.

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.