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Initiation
Evercore starts trucking coverage with preference for Old Dominion, Saia » 06:37
12/04/20
12/04
06:37
12/04/20
06:37
ODFL

Old Dominion

$207.09 /

+2.21 (+1.08%)

, SAIA

Saia

$177.52 /

+2.63 (+1.50%)

, KNX

Knight-Swift

$40.33 /

-0.93 (-2.25%)

, SNDR

Schneider National

$20.67 /

-0.395 (-1.88%)

, WERN

Werner

$39.81 /

-0.2 (-0.50%)

As previously reported,…

As previously reported, Evercore ISI analyst Jonathan Chappell initiated coverage of the less-than-truckload, or LTL, and truckload, or TL, industries. He started Old Dominion (ODFL) with an Outperform rating and $235 price target, initiated Saia (SAIA) with an Outperform rating and $205 price target, started Knight-Swift (KNX) with an In Line rating and $42 price target, initiated Schneider National (SNDR) with an In Line rating and $21 price target and started Werner (WERN) with an In Line rating and $41 price target. While LTL stocks are trading at all-time-high multiples, a number of growth opportunities and the eventual recovery of the U.S. industrial economy provides a much longer cyclical runway for this segment, Chappell contends.

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WERN Werner
$39.81 /

-0.2 (-0.50%)

SNDR Schneider National
$20.67 /

-0.395 (-1.88%)

SAIA Saia
$177.52 /

+2.63 (+1.50%)

ODFL Old Dominion
$207.09 /

+2.21 (+1.08%)

KNX Knight-Swift
$40.33 /

-0.93 (-2.25%)

ODFL Old Dominion
$207.09 /

+2.21 (+1.08%)

12/04/20 Evercore ISI
Old Dominion initiated with an Outperform at Evercore ISI
11/30/20 Deutsche Bank
Old Dominion price target raised to $212 from $202 at Deutsche Bank
09/23/20 Wells Fargo
Old Dominion initiated with an Equal Weight at Wells Fargo
09/07/20 Deutsche Bank
Old Dominion named 'Buy Catalyst Call' at Deutsche Bank
SAIA Saia
$177.52 /

+2.63 (+1.50%)

12/04/20 Evercore ISI
Saia initiated with an Outperform at Evercore ISI
11/30/20 Deutsche Bank
Saia price target raised to $232 from $220 at Deutsche Bank
11/09/20 Deutsche Bank
Saia price target raised to $220 from $160 at Deutsche Bank
10/30/20 Deutsche Bank
Saia price target raised to $160 from $150 at Deutsche Bank
KNX Knight-Swift
$40.33 /

-0.93 (-2.25%)

12/04/20 Evercore ISI
Knight-Swift initiated with an In Line at Evercore ISI
11/27/20
Citi adds Polaris to 'Value Creators' SMID Focus List, removes Knight-Swift
11/24/20
Fly Intel: Top five analyst downgrades
11/24/20 Citi
Knight-Swift downgraded to Neutral from Buy at Citi
SNDR Schneider National
$20.67 /

-0.395 (-1.88%)

12/04/20 Evercore ISI
Schneider National initiated with an In Line at Evercore ISI
11/24/20 Citi
Schneider National downgraded to Neutral from Buy at Citi
11/09/20 Stifel
Schneider National upgraded to Buy ahead of special dividend payout at Stifel
11/09/20 Stifel
Schneider National upgraded to Buy from Hold at Stifel
WERN Werner
$39.81 /

-0.2 (-0.50%)

12/04/20 Evercore ISI
Werner initiated with an In Line at Evercore ISI
11/30/20 Deutsche Bank
Werner price target raised to $49 from $46 at Deutsche Bank
11/24/20 Citi
Werner downgraded to Neutral from Buy at Citi
WERN Werner
$39.81 /

-0.2 (-0.50%)

SNDR Schneider National
$20.67 /

-0.395 (-1.88%)

SAIA Saia
$177.52 /

+2.63 (+1.50%)

ODFL Old Dominion
$207.09 /

+2.21 (+1.08%)

KNX Knight-Swift
$40.33 /

-0.93 (-2.25%)

  • 04
    Jun
WERN Werner
$39.81 /

-0.2 (-0.50%)

KNX Knight-Swift
$40.33 /

-0.93 (-2.25%)

Initiation
Schneider National initiated with an In Line at Evercore ISI » 06:19
12/04/20
12/04
06:19
12/04/20
06:19
SNDR

Schneider National

$20.67 /

-0.395 (-1.88%)

Evercore ISI analyst…

Evercore ISI analyst Jonathan Chappell initiated coverage of Schneider National with an In Line rating and $21 price target.

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SNDR Schneider National
$20.67 /

-0.395 (-1.88%)

SNDR Schneider National
$20.67 /

-0.395 (-1.88%)

11/24/20 Citi
Schneider National downgraded to Neutral from Buy at Citi
11/09/20 Stifel
Schneider National upgraded to Buy ahead of special dividend payout at Stifel
11/09/20 Stifel
Schneider National upgraded to Buy from Hold at Stifel
10/09/20 JPMorgan
JPMorgan negative on truckload rate cycle, cuts Schneider to Underweight
SNDR Schneider National
$20.67 /

-0.395 (-1.88%)

Over a week ago
Downgrade
Schneider National downgraded to Neutral from Buy at Citi » 05:59
11/24/20
11/24
05:59
11/24/20
05:59
SNDR

Schneider National

$21.22 /

-0.565 (-2.59%)

Citi analyst Christian…

Citi analyst Christian Wetherbee downgraded Schneider National to Neutral from Buy with a price target of $22, down from $30. The analyst is "stepping back" from the truckload space as he thinks it will be difficult for the stock to "shrug off peak-cycle fears in the coming months as data turns from excellent to simply good." He expects spot rates to begin topping out and to move lower, particularly as tough comps get lapped in the second half of 2021.

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SNDR Schneider National
$21.22 /

-0.565 (-2.59%)

SNDR Schneider National
$21.22 /

-0.565 (-2.59%)

11/09/20 Stifel
Schneider National upgraded to Buy ahead of special dividend payout at Stifel
11/09/20 Stifel
Schneider National upgraded to Buy from Hold at Stifel
10/09/20 JPMorgan
JPMorgan negative on truckload rate cycle, cuts Schneider to Underweight
10/09/20 JPMorgan
Schneider National downgraded to Underweight from Neutral at JPMorgan
SNDR Schneider National
$21.22 /

-0.565 (-2.59%)

Conference/Events
Stephens to hold a virtual conference » 04:55
11/19/20
11/19
04:55
11/19/20
04:55
SNDR

Schneider National

$21.91 /

-0.34 (-1.53%)

, SLB

Schlumberger

$19.99 /

-0.1 (-0.50%)

NASH 2020 Investment…

NASH 2020 Investment Virtual Conference will be held on November 17-19.

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SNDR Schneider National
$21.91 /

-0.34 (-1.53%)

SLB Schlumberger
$19.99 /

-0.1 (-0.50%)

SNDR Schneider National
$21.91 /

-0.34 (-1.53%)

11/09/20 Stifel
Schneider National upgraded to Buy ahead of special dividend payout at Stifel
11/09/20 Stifel
Schneider National upgraded to Buy from Hold at Stifel
10/09/20 JPMorgan
JPMorgan negative on truckload rate cycle, cuts Schneider to Underweight
10/09/20 JPMorgan
Schneider National downgraded to Underweight from Neutral at JPMorgan
SLB Schlumberger
$19.99 /

-0.1 (-0.50%)

11/10/20 Morgan Stanley
Morgan Stanley downgrades Oil Field Services industry view to In-Line
10/19/20 Morgan Stanley
Schlumberger's post-earnings selloff a buying opportunity, says Morgan Stanley
10/19/20 Wells Fargo
Schlumberger price target lowered to $23 from $28 at Wells Fargo
10/12/20 Exane BNP Paribas
Schlumberger initiated with a Neutral at Exane BNP Paribas
SNDR Schneider National
$21.91 /

-0.34 (-1.53%)

SLB Schlumberger
$19.99 /

-0.1 (-0.50%)

SLB Schlumberger
$19.99 /

-0.1 (-0.50%)

SLB Schlumberger
$19.99 /

-0.1 (-0.50%)

SLB Schlumberger
$19.99 /

-0.1 (-0.50%)

Conference/Events
Stephens to hold a virtual conference » 04:55
11/18/20
11/18
04:55
11/18/20
04:55
SNDR

Schneider National

$22.25 /

+0.26 (+1.18%)

, SLB

Schlumberger

$20.09 /

+0.05 (+0.25%)

NASH 2020 Investment…

NASH 2020 Investment Virtual Conference will be held on November 17-19.

ShowHide Related Items >><<
SNDR Schneider National
$22.25 /

+0.26 (+1.18%)

SLB Schlumberger
$20.09 /

+0.05 (+0.25%)

SNDR Schneider National
$22.25 /

+0.26 (+1.18%)

11/09/20 Stifel
Schneider National upgraded to Buy ahead of special dividend payout at Stifel
11/09/20 Stifel
Schneider National upgraded to Buy from Hold at Stifel
10/09/20 JPMorgan
JPMorgan negative on truckload rate cycle, cuts Schneider to Underweight
10/09/20 JPMorgan
Schneider National downgraded to Underweight from Neutral at JPMorgan
SLB Schlumberger
$20.09 /

+0.05 (+0.25%)

11/10/20 Morgan Stanley
Morgan Stanley downgrades Oil Field Services industry view to In-Line
10/19/20 Morgan Stanley
Schlumberger's post-earnings selloff a buying opportunity, says Morgan Stanley
10/19/20 Wells Fargo
Schlumberger price target lowered to $23 from $28 at Wells Fargo
10/12/20 Exane BNP Paribas
Schlumberger initiated with a Neutral at Exane BNP Paribas
SNDR Schneider National
$22.25 /

+0.26 (+1.18%)

SLB Schlumberger
$20.09 /

+0.05 (+0.25%)

SLB Schlumberger
$20.09 /

+0.05 (+0.25%)

SLB Schlumberger
$20.09 /

+0.05 (+0.25%)

SLB Schlumberger
$20.09 /

+0.05 (+0.25%)

Conference/Events
Stephens to hold a virtual conference » 09:09
11/17/20
11/17
09:09
11/17/20
09:09
SNDR

Schneider National

$22.01 /

+0.22 (+1.01%)

, SLB

Schlumberger

$20.05 /

+2.05 (+11.39%)

NASH 2020 Investment…

NASH 2020 Investment Virtual Conference will be held on November 17-19.

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SNDR Schneider National
$22.01 /

+0.22 (+1.01%)

SLB Schlumberger
$20.05 /

+2.05 (+11.39%)

SNDR Schneider National
$22.01 /

+0.22 (+1.01%)

11/09/20 Stifel
Schneider National upgraded to Buy ahead of special dividend payout at Stifel
11/09/20 Stifel
Schneider National upgraded to Buy from Hold at Stifel
10/09/20 JPMorgan
JPMorgan negative on truckload rate cycle, cuts Schneider to Underweight
10/09/20 JPMorgan
Schneider National downgraded to Underweight from Neutral at JPMorgan
SLB Schlumberger
$20.05 /

+2.05 (+11.39%)

11/10/20 Morgan Stanley
Morgan Stanley downgrades Oil Field Services industry view to In-Line
10/19/20 Morgan Stanley
Schlumberger's post-earnings selloff a buying opportunity, says Morgan Stanley
10/19/20 Wells Fargo
Schlumberger price target lowered to $23 from $28 at Wells Fargo
10/12/20 Exane BNP Paribas
Schlumberger initiated with a Neutral at Exane BNP Paribas
SNDR Schneider National
$22.01 /

+0.22 (+1.01%)

SLB Schlumberger
$20.05 /

+2.05 (+11.39%)

SLB Schlumberger
$20.05 /

+2.05 (+11.39%)

SLB Schlumberger
$20.05 /

+2.05 (+11.39%)

SLB Schlumberger
$20.05 /

+2.05 (+11.39%)

Upgrade
Schneider National upgraded to Buy ahead of special dividend payout at Stifel » 06:41
11/09/20
11/09
06:41
11/09/20
06:41
SNDR

Schneider National

$20.99 /

+1.31 (+6.66%)

As previously reported,…

As previously reported, Stifel analyst David Ross upgraded Schneider National to Buy from Hold with a price target of $26, down from $28. Ross notes that a special dividend of $2.00 per share will be paid around November 19 to both Class A and Class B shareholders of record at the close of business on November 9, calling this payout "not bad on an about $21 stock." With a net debt-free balance sheet, even after the special dividend, and a business that is getting better, he is adding Schneider to the list of truckload stocks he would buy as he believes the company will benefit from a healthy pricing cycle in 2021, Ross tells investors.

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SNDR Schneider National
$20.99 /

+1.31 (+6.66%)

SNDR Schneider National
$20.99 /

+1.31 (+6.66%)

11/09/20 Stifel
Schneider National upgraded to Buy from Hold at Stifel
10/09/20 JPMorgan
JPMorgan negative on truckload rate cycle, cuts Schneider to Underweight
10/09/20 JPMorgan
Schneider National downgraded to Underweight from Neutral at JPMorgan
09/23/20 Wells Fargo
Schneider National initiated with an Equal Weight at Wells Fargo
SNDR Schneider National
$20.99 /

+1.31 (+6.66%)

Upgrade
Schneider National upgraded to Buy from Hold at Stifel » 05:21
11/09/20
11/09
05:21
11/09/20
05:21
SNDR

Schneider National

$20.99 /

+1.31 (+6.66%)

Stifel analyst David Ross…

Stifel analyst David Ross upgraded Schneider National to Buy from Hold with a $26 price target.

ShowHide Related Items >><<
SNDR Schneider National
$20.99 /

+1.31 (+6.66%)

SNDR Schneider National
$20.99 /

+1.31 (+6.66%)

10/09/20 JPMorgan
JPMorgan negative on truckload rate cycle, cuts Schneider to Underweight
10/09/20 JPMorgan
Schneider National downgraded to Underweight from Neutral at JPMorgan
09/23/20 Wells Fargo
Schneider National initiated with an Equal Weight at Wells Fargo
09/11/20 Stifel
Schneider National price target raised to $27 from $24 at Stifel
SNDR Schneider National
$20.99 /

+1.31 (+6.66%)

Over a month ago
Hot Stocks
Schneider National declares special dividend of $2.00 per share » 09:15
10/29/20
10/29
09:15
10/29/20
09:15
SNDR

Schneider National

$22.82 /

-0.52 (-2.23%)

The company's board…

The company's board approved a special dividend of $2.00 per share to holders of Class A and Class B common stock. The dividend is payable to shareholders of record at the close of business on November 9 and is expected to be paid November 19. Given the company's 177.3M common shares outstanding, this represents approximately $355M that will be distributed to its shareholders.

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SNDR Schneider National
$22.82 /

-0.52 (-2.23%)

SNDR Schneider National
$22.82 /

-0.52 (-2.23%)

10/09/20 JPMorgan
JPMorgan negative on truckload rate cycle, cuts Schneider to Underweight
10/09/20 JPMorgan
Schneider National downgraded to Underweight from Neutral at JPMorgan
09/23/20 Wells Fargo
Schneider National initiated with an Equal Weight at Wells Fargo
09/11/20 Stifel
Schneider National price target raised to $27 from $24 at Stifel
SNDR Schneider National
$22.82 /

-0.52 (-2.23%)

Earnings
Schneider National raises FY20 adj. EPS view to $1.18-$1.22 from $1.10-$1.25 » 09:13
10/29/20
10/29
09:13
10/29/20
09:13
SNDR

Schneider National

$22.82 /

-0.52 (-2.23%)

Consensus $1.22.…

Consensus $1.22. "The tight market conditions prevalent during the third quarter are anticipated to continue well beyond the fourth quarter, as demand is strong and the driver shortage persists," Rourke stated. "This operating environment, coupled with internal improvement initiatives, are expected to result in full year 2020 adjusted diluted EPS of $1.18 - $1.22. In addition, our full year 2020 guidance for net capital expenditures is approximately $250 million."

ShowHide Related Items >><<
SNDR Schneider National
$22.82 /

-0.52 (-2.23%)

SNDR Schneider National
$22.82 /

-0.52 (-2.23%)

10/09/20 JPMorgan
JPMorgan negative on truckload rate cycle, cuts Schneider to Underweight
10/09/20 JPMorgan
Schneider National downgraded to Underweight from Neutral at JPMorgan
09/23/20 Wells Fargo
Schneider National initiated with an Equal Weight at Wells Fargo
09/11/20 Stifel
Schneider National price target raised to $27 from $24 at Stifel
SNDR Schneider National
$22.82 /

-0.52 (-2.23%)

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