Analyst Ken Hoexter of Bank of America Securities reiterated a Hold rating on Schneider National (SNDR – Research Report), retaining the price target of $26.00.
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Ken Hoexter has given his Hold rating due to a combination of factors including Schneider National’s stable performance amidst potential market challenges. Despite concerns over a possible downturn due to tariffs, the company’s leadership has maintained a steady outlook, suggesting that their earnings targets for 2025 remain within reach. This stability is underpinned by Schneider’s strategic focus on cost savings and optimizing truckload capacity, alongside disciplined contract renewals and an increased allocation to spot market capacity.
Additionally, regulatory developments such as the English Proficiency Rule and potential enforcement actions could impact carrier capacity, which Schneider views as a stabilizing factor for supply dynamics. The company’s support for new screening requirements further aligns with this outlook. Hoexter’s price objective of $26 reflects a valuation based on projected earnings growth, maintaining a multiple above historical ranges as earnings recover from previous lows.
According to TipRanks, Hoexter is a 3-star analyst with an average return of 1.6% and a 49.60% success rate. Hoexter covers the Industrials sector, focusing on stocks such as XPO, CSX, and Schneider National.
In another report released on June 10, Wells Fargo also assigned a Hold rating to the stock with a $23.00 price target.