Jason Seidl, an analyst from TD Cowen, reiterated the Buy rating on Schneider National. The associated price target remains the same with $28.00.
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Jason Seidl has given his Buy rating due to a combination of factors including Schneider National’s performance and strategic positioning. The company reported second-quarter adjusted earnings per share that exceeded both his and the market’s expectations, indicating strong operational efficiency despite some revenue challenges. Schneider’s management has taken a cautious yet strategic stance on rail consolidation, maintaining exclusive partnerships with key rail operators, which could provide a competitive edge.
Additionally, Schneider National has demonstrated resilience through effective cost management, which helped offset pressures from spot rate declines and elevated churn in certain segments. The company also anticipates a gradual market recovery and has locked in contract renewals at favorable rates. These factors, along with a maintained price target, underpin Seidl’s confidence in the stock’s potential, leading to the reiteration of a Buy rating.
In another report released on July 23, Benchmark Co. also maintained a Buy rating on the stock with a $31.00 price target.