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TD Cowen Maintains Schneider National(SNDR.US) With Buy Rating, Maintains Target Price $34

Moomoo News ·  Nov 26, 2024 20:31  · Ratings

TD Cowen analyst Jason Seidl maintains $Schneider National (SNDR.US)$ with a buy rating, and maintains the target price at $34.

According to TipRanks data, the analyst has a success rate of 72.2% and a total average return of 23.6% over the past year.

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Furthermore, according to the comprehensive report, the opinions of $Schneider National (SNDR.US)$'s main analysts recently are as follows:

  • Following Schneider National's acquisition of Maryland-based dedicated truckload carrier Cowan Systems, which boosts an impressive fleet of 1,800 trucks and a range of complimentary services, Schneider is expected to see immediate accretion despite the potential rise in interest expenses. The acquisition has led to an upward adjustment in the projected earnings for FY25 and FY26.

  • The company is intensifying its focus on the Dedicated segment through its recent acquisition of Cowan Systems for $390MM, anticipated to conclude before the end of the calendar year.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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