Analyst Jason Seidl from TD Cowen reiterated a Buy rating on Schneider National (SNDR – Research Report) and decreased the price target to $28.00 from $29.00.
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Jason Seidl’s rating is based on Schneider National’s strong first-quarter performance, which exceeded both his and the market’s expectations. The company’s adjusted earnings per share surpassed estimates, and its consolidated revenues showed a significant year-over-year increase, demonstrating resilience in challenging freight conditions.
Despite the conservative guidance due to anticipated freight market pressures, Schneider National’s ability to manage costs effectively and outperform in key operational metrics has been noteworthy. The company’s strategic handling of variable costs and its potential to defend margins amidst market churn are positive indicators. Additionally, there is a potential upside in the form of a capacity exodus that could bolster industry pricing, further supporting Seidl’s Buy rating.
In another report released on April 22, UBS also maintained a Buy rating on the stock with a $25.00 price target.